Friday, January 04, 2008

Crisis may make 1929 look a 'walk in the park' - Telegraph

Crisis may make 1929 look a 'walk in the park' - Telegraph:
"'The kind of upheaval observed in the international money markets over the past few months has never been witnessed in history,' says Thomas Jordan, a Swiss central bank governor.

'The sub-prime mortgage crisis hit a vital nerve of the international financial system,' he says."

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