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Updated from 7:00 a.m. EST
Friday was all set to be ugly. The auto bailout collapsed in Congress, followed by arguably the largest financial scam ever when it was revealed that Bernard Madoff of Madoff Securities was essentially running a large Ponzi scheme with as much as $50 billion.
But the market found a bottom and rallied on renewed hopes of an auto rescue, this time from the White House, which said it would try to engineer it using Tarp money.
While the market closed up, stocks were mixed for most of the day. ...
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