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Whitney: Grasping at Straws

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THE FEAR FACTOR IN HIGH GEAR -- Christopher Dodd, head of the Senate Banking Committee, revealed that at an emergency meeting convened by Secretary of the Treasury Henry Paulson and Federal Reserve chairman Ben Bernanke, lawmakers were told,"We’re literally maybe days away from a complete meltdown of our financial system.” Dodd added somberly, that in his three decades of serving he had "never heard language like this.”

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