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        Stocks Drop Sharply On News Of Auto Industry Woes | The Study of Economics

        NEW YORK - MARCH 30: Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading March 30, 2009 in New York City. All U.S. stock indexes were down sharply this morning, with the Dow dropping 288 points at one point, on the news from the Obama administration suggesting potential bankruptcy for General Motors and rival carmaker Chrysler. Yesterday the Obama administration demanded the resignation of GM Chairman and CEO Rick Wagoner as a condition of the administrations ongoing bailout plan for the struggling auto industry. (Photo by Mario Tama/Getty Images)

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