Summary
The credit crunch may have begun in America's trailer parks, but the carnage is now spreading far and wide. Over the past 48 hours the gathering meltdown has excaberated problems built up over the past decade in the following countries:
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Extract
24 Hours of Turmoil On the World's Financial Markets ; the Ripple Effect From Washington to Tokyo
Washington rejects $700 billion Wall Street bailout on Monday as...
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