Trump Justice Dept. Closed Investigation Into Tom Homan for Accepting Bag
of Cash
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Mr. Homan came under scrutiny after he was said to be recorded last year
taking $50,000 in cash from undercover F.B.I. agents.
25 minutes ago
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Markets fear that a chaotic default by either Greece or Italy would lead to huge losses for European banks. That, in turn, could cause a global lending freeze that might escalate into another credit crisis similar to the one in 2008 after Lehman Brothers fell.
ReplyDeleteSome analysts fear that the euro itself could fall, which would lead to inflation and a breakdown in free trade agreements in the European Union.
European markets also fell sharply. Italy's benchmark index plunged 3.8 percent. Germany's DAX and France's CAC-40 each lost 2.2 percent.
The prices of assets seen as safe havens rose sharply. The dollar jumped 2 percent vs. the euro.