Stocks Fall As White House Rejects Gm, Chrysler Plans

Markets react negatively as Washington takes an aggressive stance on the automakers, which may go into bankruptcy. Hints of more trouble among banks also reverse recent Wall Street rally. The stock market's version of March Madness was cut short today as the specter of bankruptcies in the domestic automobile industry and still-deep woes in the banking sector pummeled share prices.

Topics:  washington   wall street   march madness   
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