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Critical days for state treasury

'It was like the dam broke'

Commonwealth scrambles to borrow amid meltdown

By Casey Ross
Globe Staff / October 12, 2008

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On Sept. 29, minutes after Congress rejected a $700 billion bailout, state Treasurer Timothy P. Cahill got an urgent e-mail on his BlackBerry at 1:55 p.m.: "The Dow is down 700 points." (Full article: 1678 words)

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