Another Week, Another Financial Drama

As bankruptcies, scandals, and layoffs mounted, the shell-shocked markets tried to look ahead to brighter times next year

What a week: Detroit flirted with the precipice, the feds fingered a lion of Wall Street in a $50 billion Ponzi scheme, news giant Tribune slouched into bankruptcy, investors loaned Uncle Sam $30 billion—interest free. And then there was Illinois Governor Rod Blagojevich, arrested on charges of trying to shake down Sam Zell and auction off President-elect Barack Obama's Senate seat.

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