global financial meltdown
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Last fall we very likely would have had a serious and perhaps global financial meltdown with extraordinarily adverse implications for the U.S. and global economies.
U.S. President George Bush says Washington will continue to act to stabilize financial markets shaken by fears of a global financial meltdown.
This support was provided in loans, grants, equity investments and guarantees to help countries and private-sector firms deal with the devastating effects of the global financial meltdown.
Art Cashin,the floor director at UBS Financial Services, says many investors worry that the uncertainty in Europe could trigger another global meltdown.
But he admitted that there was a one-in-five chance of a global financial meltdown.
BBC: IMF warns over dollar collapse
Now he may best be remembered as the biggest individual loser of the 2008 global financial meltdown.
FORBES: Former Billionaire Declares Personal Bankruptcy
The global financial meltdown raises questions about whether the financing will be available to carry out these supertall projects.
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