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Banks heading towards bankruptcy !
This is a discussion on Banks heading towards bankruptcy ! within the News and Views from the Business World forums, part of the News and views category; Hi, Lehaman bros already Bankrupt and sold for scrap...And now Aig heading towards bankruptcy !....This will def have a resonating ...
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17-09-2008
| #1 |
| Arch Angel  Join Date: Aug 2008 Location: Chennai /India
Posts: 1,726
Rep Power: 2  |  Banks heading towards bankruptcy ! Hi, Lehaman bros already Bankrupt and sold for scrap...And now Aig heading towards bankruptcy !....This will def have a resonating effect across the world including India...Especially The I.T sector which relies on Dollars for their software/services exports will take a beating .... Ofcourse will also effect investments coming into India from the devoloped countries AIG 's shares plummeted more than 60 percent and is heading Lehman's way ... IIm students effected ...as marquee recruiters Lehman and Meryill wont turn up this placement season |
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17-09-2008
| #2 |
 Join Date: Jan 2006 Location: New Delhi Age: 31
Posts: 3,257
Rep Power: 10 |  This is not looking very good at the moment... We can only hope for this situation to get better coz if this continues we are in for a world wide economic depression ... and I think we are actually going through one at the moment and just cant tell that we are. Indian stock market will take a very bad beating if market sentiments dont change... leave alone the unemployment which is waiting for us around the corner  |
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17-09-2008
| #3 |
| Guardian Angel  Join Date: Dec 2007 Location: Pune
Posts: 4,064
Rep Power: 5 | Analysts are saying that this is probably the worst period after the great depression. Lehman Brothers had quite a bit of holding in some IT companies, e.g., KPIT Cummins. They had holding in other Indian compaies also. Wonder what will happen.
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17-09-2008
| #4 |
| The Research Scientist  Join Date: Aug 2008 Location: Chennai
Posts: 1,295
Rep Power: 2 | Credit woes: IT cos may cut 25K jobs Credit woes: IT cos may cut 25K jobs Credit woes: IT cos may cut 25K jobs- Job Market-Careers-Indiatimes - Infotech |
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17-09-2008
| #5 |
| Join Date: Jan 2006 Location: New Delhi Age: 31
Posts: 3,257
Rep Power: 10 | Looks like sensex is gonna dip below 13k any time now... |
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18-09-2008
| #6 |
| Junior Member Join Date: Feb 2008 Location: Mumbai
Posts: 25
Rep Power: 0 | Please go through the interview of Jim Rogers. This was predicted long back and worst is yet to come. You may see lot more job cut and real estate rates coming down. |
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18-09-2008
| #7 | |
| Platinum Member  Join Date: Sep 2008 Location: Ahmedabad
Posts: 859
Rep Power: 1 | Quote:
Check Jim Rogers : Jim Rogers: 'It's going to be much worse' - Jan. 31, 2008 Exclusive Interview: Jim Rogers Predicts Bigger Financial Shocks Loom, Fueling a Malaise That May Last for Years | |
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01-10-2008
| #8 |
| Bronze Member Join Date: Sep 2008
Posts: 130
Rep Power: 1 | This trend will definitely affect our economy.But we are to some extent immune to them as we do not take risk especially on the market economy. |
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4 Days Ago
| #9 |
| Junior Member Join Date: Nov 2008 Age: 23
Posts: 16
Rep Power: 0 | wonderful topic is this  |
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