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Tuesday, October 7, 2008

ThoughtsOnAccountability pt.5


As the WallStreet fuse continues to burn........
Mexico
peso plunged to its lowest level in years. Its stock market dropped 5.4 percent.
Brazil and Russia
temporarily halted trading after a series of steep drops on their exchanges.
Sweden , Denmark , Austria , Ireland and Germany
growing list of European countries that have pledged to guarantee bank deposits.
Argentina
stocks fell 10 percent, and currency tumbles against the dollar.
South Africa
the stock market hit its lowest mark in more than eight years.
Zimbabwe
banks run out of cash after depositors tried to pull out their money.
Pakistan
the rupee hit a new low against the dollar , Standard & Poor's warned that the country was close to bankruptcy.
India
stocks fell nearly 5.8 percent, the lowest close in two years.
Kuwait
has pumped $374.3 million into its banking systems.
Saudi Arabia
injected more than $26 million into its stock market.........howevah
Iraq has more than $25 billion in cash reserves...hmmm...and you wonder why the U.S. doesn't have an ExitStrategy??...go figure

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