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It looks like the financial crisis will claim its first big victim this week in the shape of Lehman Brothers, unless ‘a miracle occurs’ in the words of one observer. Meanwhile, shares in Merrill Lynch plunged 50 per cent last week on fears over its viability; American International Group and Washington Mutual, the largest US savings and loans institution, are also teetering on the brink.
September 13, 2008 at 10:49 pm by arabianmoney, 159 views, add comment
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