Global stocks fall again as US bailout stalls
Posted by financialbriefs on September 26, 2008
Asian and European stock markets fell on Friday as political wrangling held up a 700-billion-dollar bailout package for the US financial system despite earlier hopes that a deal was near.Investor sentiment took another hit from the overnight collapse of the second largest US savings and loan institution, Washington Mutual, which heaped yet more pressure on markets.
World stocks jumped Thursday on signs a deal was near on the US government’s plan to buy toxic mortgage-related assets from financial firms at the heart of the global credit crisis.
