Lehman Brothers . Age 158.
Status : R.I.P
Merril Lynch . Third biggest US investment bank.
Status : Adopted by Bank of America.
AIG . The Insurance Giant.
Status : Death Bed . Serious.
The list goes on . The American financial companies are bleeding . The highway of economic success story , The Wall Street , is collapsing . The impact is truly global . All the markets are down and beaten . Dalal street which was in downhill last many months is further battered and butchered.
The party is over . The world is reeling under economic depression. Pink slips , Inflation , downsizing is the word buzzing around corporate world.
How quickly things changes ?!! Last year , Dalal street was on a rock n roll . ( i had made even a topic on it !) and now its all seems history and a dream. Billions of market capital wiped . Small time investors to biggies thrashed. Its a gloom everywhere.
Growing inter dependency and cross holdings of companies across the globe makes everyone inclusive of the impact. If US sneezes , India, Europe and asia catches cold .
Lets hope the worst is over and the market makes a slow recovery from now on . I feel things may try to change only after US elections are over and new government comes in place . Bush in my opinion had mismanaged the US economy in his hot pursuit of west asia and afghanistan . May be I am wrong , may be I am right but i am entitled to my view and this is my view.
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ha ha pics is too good….got it somewhere?? or your own creativity?? if yours, thatz awesome.
regarding topic, I dont know if market recover anytime soon….I got heavily struck on market by investing 2 laks money on reliance stocks….and it is nearly at 70% loss as per today. I wish the worst is over and market will recover very soon.
The stock bull i got from web but the blood drop is my creative touch :p
and as for the market , the slump will be der for a few more months i feel and then it will start pulling back .. but slowly …
yeah I know abt stck bull, blood dripping didn’t see anywhere. Very creative!!!
‘Bankrupt’ Lehman Brothers on hiring spree!
http://timesofindia.indiatimes.com/Business/Bankrupt_Lehman_on_hiring_spree/articleshow/3508893.cms
NEW DELHI: Collapse of the Lehman Brothers in the world’s biggest ever bankruptcy story may have sent thousands of its employees flocking the job market, but the 158-year-old American investment bank giant still seems to be in hiring mood.
Once known as one of the favourite places to work in the financial services space, especially due to its fat pay packages, Lehman Brothers had a workforce of close to 26,000 employees at the last count. But its filing for bankruptcy protection on September 15 saw nearly all its employees on a lookout for new employers.
http://www.7days.ae/storydetails.php?id=140&title=US%20court%20approves%20Lehman%20sale
US court approves Lehman sale
A US bankruptcy court yesterday authorised the sale of key assets of fallen US investment bank Lehman Brothers to its British competitor Barclays.In a Manhattan court hearing that ran into the early hours, bankruptcy judge James Peck approved the sale, saying he had found no better alternative for the assets Lehman sought to sell.
Interesting huh!!