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Huffington Post

by Hill Staff - 10/10/08 8:23 AM ET
by Hill Staff - 10/10/08 8:23 AM ET

Financial markets plummeted yesterday, reports the Huffington Post, with a bad day adding the cumulative effect of six straight triple-digit losses. Though trading was mostly sedate throughout the day, news that the federal government may seek an equity stake in struggling banks prompted the sell-off. The Bush administration needs to make such a direct capital infusion immediately, the only policy that will have an immediate effect, writes Dean Baker.

–Michael O’Brien

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