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Tuesday, February 14th, 2012

Posts Tagged ‘ Stock Market Decline ’

The Credit Rating Firms Are Running Scared – It’s About Time

Sep 11th, 2009 | By Shah Gilani | Category: Politics & Economics

When it comes to the U.S. credit crisis, we’ve all heard the numbers. The stock market decline wiped out $7 trillion in shareholder wealth. It forced the federal government to commit to $11.6 trillion in bailout programs and stimulus spending. And it’s led to the longest U.S. downturn since the Great Depression.