• OCTOBER 7, 2008

Russian Investors Want Bailout of Bailout

Despite Moscow's $120 Billion Package, Stock Indexes Fall Lower than Ever; Oil's Fall Spurs Worries

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MOSCOW -- When Russia unveiled its $120 billion bailout of financial markets last month, investors praised the size and the scope of the plan as unprecedented.

On Monday, investors turned to panic, along with other markets, amid fears that the world-wide economic slowdown will be deeper and longer than any bailout can remedy.

Russia's dollar-denominated RTS stock index was down 19.1%, its largest single-day drop ever, while the ruble-denominated MICEX index fell 18.7%. Both closed well below levels seen before the government announced its rescue package in September.

Investors have complained that a lack of detail about the bailout, as ...

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