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11:07 AM, Oct 7, 2008 • By MATTHEW CONTINETTI

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Joe Nocera reports:

"'There is no liquidity anywhere,' one hedge fund manager told me. 'No lending available. No interbank lending available. The fixed-income market is completely shut down. There is no activity going on anywhere.' (He asked me not to use his name because he didn't want to spook his investors.)"

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