WEEK IN PHOTOS: Channel Fire, Horse Fight, More

WEEK IN PHOTOS: Channel Fire, Horse Fight, More
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Frankfurt, Germany, September 15, 2008--The DAX, Germany's leading stock market index, plunged 4.6 percent to 5942.14 on news that U.S. banking giant Lehman Brothers was filing for bankruptcy.

The bank's failure opened a new phase in the financial crisis, precipitated by bad bets in the housing market, which has crippled stock markets for 13 months.

"New fault lines are emerging beyond the original problem--troubled subprime mortgages--in areas like credit-default swaps," the Wall Street Journal reported Thursday.
—Photograph by Thomas Lohnes/AFP/Getty Images
 
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