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Lenders Shy After Lehman Bankruptcy

Treasury bills see massive demand as money market funds seek safe haven investment


By Aleksandrs Rozens

October 13, 2008

This is how brokers on the floor of the New York Stock Exchange described the onslaught of fear-driven selling that has sent stock prices lower at a shockingly rapid pace: 'Tuesday felt like the end of the world ... Wednesday it was better. I hope things stabilize.' Come Thursday, as the Dow plunged another 678 points, all bets were off.

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