Story Of The Recession

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The story of the recession HSBC warns of Subprime losses New Century goes bust Credit markets freeze Run on The Rock Bear Stearns Rescue Fannie Mae Rescue Lehman Brothers goes bankrupt Lloyds takes over HBOS $700Bn Bailout approved by congress UK Government rescues RBS & Lloyds-HBOS Fed cuts key rate to near zero US congress passes $787Bn stimulus G20 Summit in London UK Budget reveals huge deficit