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U.S. financial crisis sends shockwaves globally

Published: 16 September, 2008, 06:16
Edited: 14 September, 2009, 08:48


AFP Photo / Michael Nagle

U.S.-based bank Lehman Brothers on Monday filed for bankruptcy after it failed to find a white knight to come to its rescue. Crushed under the weight of a $60 Billion debt, it lost over 70 percent of its value last week,

 
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