Wall Street plunged again in a crisis of confidence Wednesday as anxieties about the financial system still ran high after the government's bailout of insurer American International Group Inc. The Dow Jones industrial average dropped about 450 points, and investors seeking the safety of hard assets and government debt sent gold, oil and short-term Treasurys soaring.
Photo, Source: AP
1 comment:
Can someone help Mo? If when the government bails out someone in the working class or poor class, it is socialism (wooooo). So what is it called when the government bails out a bank or corporation?
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