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Friday, September 14, 2007

Northern Rock crashing and where will the ripples stop?

Does this news story - "Northern Rock shares plunge 32%" and its share price

bloomberg_nrk_ln

indicate a new depression looming, will we see another Black Tuesday given that we already have a property bubble here. As Northern Rock is one of the UK's biggest mortgage lenders, one wonders....

Hat tip to Dan for point this out.

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