Worst Since WW II

THE effects of last year’s subprime mortgage crisis have been extraordinarily bad. They not only hit the financial sector in the United States but also put thousands of people out of work for the first time and pushed the country to the edge of a recession.

And that’s not all. This subprime mortgage crisis has created new victims. On Tuesday last week, trading on all stock exchanges throughout the world dropped off dramatically. Market playe

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