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Courtesy of the mentally insane Neocons:

By JEANNINE AVERSA, Associated Press Economic Writer
""WASHINGTON - In a rare coordinated move, the Federal Reserve and other
major central banks from around the world slashed interest rates
Wednesday to prevent a mushrooming financial crisis from becoming a
global economic meltdown. ""

""Overseas markets tumbled on worries that the move wouldn't immediately
help ease the pain from the financial crisis. U.S. share prices
seesawed, with some investors buying a few beaten down shares, but most
still gloomy about the economy's prospects.""
http://news.yahoo.com/s/ap/20081008/ap_on_bi_ge/financial_meltdown
<http://news.yahoo.com/s/ap/20081008/ap_on_bi_ge/financial_meltdown>



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