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Financials Skid, Spark Sell-Off

Financials plummet on the prospect of a GSE bailout

By Nick McMaster,  Newser Staff

Posted Aug 18, 2008 3:26 PM CDT

(Newser) – The markets took a tumble today as familiar fears about a government bailout of Fannie Mae and Freddie Mac returned to the fore, MarketWatch reports. Led by its financial components, the Dow fell 180.02 to close at 11,479.88. The Nasdaq shed 35....   Read full story »

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