Sunday, September 21, 2008
Fall of financial gaints...
Fall of a well known investment bank, Lehman Brothers and acquisition of Merill Lynch by Bank of America is a setback to entire world. Repercussions will be felt in every country and in every business. We witnessed fall of market indices in developed and developing countries. Investors became scary. Bears are reigning the market now. It is good that USA government came out with a package to bailout the financial institutions from endanger.
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2 comments:
This post and a post on US govt bail out have contradictory statements
Yes, Government is taking good initiatives to revive finance industry. But the industry is skeptic if the measure would help or not. The measure could not instill among investors. This can be attributed to inability of the government measures.
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