"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Inside Russia's Stock Market Panic
Submitted by Christopher Lempa on Thu, 2008-09-18 16:00
in
"The crushing slump in investor confidence worldwide this week hit Russia so hard that trading has been halted at both the country's leading stock markets--the Russian Trading System (RTS) and the Moscow Interbank Currency Exchange (MICEX)--since Wednesday. Now that the Russian authorities have pumped liquidity into the banking system and set aside billions of dollars' worth to prop up the stock market, Forbes.com decided to ask the RTS exchange's chief executive Roman Goryunov how serious this crisis could be for Russia."
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