Stocks skid on news gov’t won’t buy banks’ assets (AP)
By
AP - A disheartened Wall Street has suffered its third straight loss, as investors absorbed more dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all. The Dow Jones industrial fell about 410 points to the 8,283 level, and all the major indexes fell more than 4 percent.
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November 12th, 2008
