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US summons banks to meeting on rescue plan

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The Bush administration summoned executives from leading banks to a meeting in Washington Monday afternoon to work out details of the $700 billion plan aimed at thawing the credit markets - the economy's lifeblood. Stock markets around the world rose. The Dow Jones industrials gained more than 500 points in a rebound from days of staggering losses. European markets rallied following Asia's lead

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You Live In Interesting Times by Brad Evans on Monday, Oct 13, 2008 at 8:28:06 PM