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Bear sterns collapse

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fire

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Hi,
Frenz are telling me that the fall in house prices in US is only in the range of 10 to 15%.I wonder why we have this much reaction in financial world for this ? Any idea where the US economy went terribly wrong?

Its disheartening to see a bank to fall 85% on a single day, that too 5th largest bank in US.
 
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