| Stocks in London declined as investors worried that U.S. financial system crisis is likely to spread further and may require government bailout of two largest mortgage lending agencies. Fannie Mae and Freddie Mac dropped to 2-decade low and dragged with them stocks of banks in the U.S. and UK. The stocks of lenders including HSBC, Barclays, HBOS and Royal Bank of Scotland declined more than 20% in the last nine months of trading. |
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