The Sell off Continues On Wall Street - KLTV.com - Tyler, Longview, Jacksonville |ETX News

08/16/07-New York

The Sell off Continues On Wall Street

  The Dow has been down by more than 230 points in early afternoon trading.  Jangled nerves are in charge on Wall Street as problems at countrywide financial confirm fears of widening credit problems. 
  Investors' confidence took another hit when the nation's largest mortgage lender said it was forced to draw on an 11.5 billion-dollar credit line to fund operations.
  In addition, the federal reserve injected another 17 billion dollars of liquidity into the banking system.

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