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Retail Sales, Fraud Case Worsen Auto Bailout Flop

Uncertainty over a bailout of U.S. automakers, and declining U.S. retail sales added new headaches for the world's financial stewards, already overwhelmed by recession, tight credit markets and a debilitated White House.Meanwhile Wall Street was coping with the shock waves of a suspected $50 billion fraud that may rank as one of the biggest ever, Japan weighed a currency intervention, OPEC debated... [read more]


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