Bank quandary sends Wall Street tumbling (Reuters)

A trader works on the floor of the New York Stock Exchange, February 17, 2009. (Brendan McDermid/Reuters)Reuters – U.S. stocks extended a rout on Friday after a top U.S. senator confirmed the market’s worse fears, saying it may be necessary to nationalize some banks, as the S&P 500 closed in on an almost 12-year low.

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