It was not long ago when 80+ year Bearsterns vanished away from WallStreet. Big financial houses were in the same falling spree. Good samaritan act by Fed has prevented Freddie Mac & Fannie Mae repeating a similar act.
Lehman Brothers showed symptoms that it was brewing up with credit problems...until last weekend it had to sink in to file a bankruptcy. It was pathetic to see a 158 year old instictuition crumble to pieces.
The mood in Wall Street touched bottom low and investors are helplessly seeking shelter in chaos.World markets are trying to shield the negativity to penetrate further. Hoping this can get better with right measures in place.
As the saying goes Time & Tide wait for none.....The Fall in NY wouldnt stop...................and yeah This Fall will definitely miss...BearSterns & Lehman Brothers....
Thanks Lehman & Bearsterns....for your visions and path breaking innovations in world finance they shall be treasured.
Sateesh reporting for GTIP......from NY....
Lehman Brothers showed symptoms that it was brewing up with credit problems...until last weekend it had to sink in to file a bankruptcy. It was pathetic to see a 158 year old instictuition crumble to pieces.
The mood in Wall Street touched bottom low and investors are helplessly seeking shelter in chaos.World markets are trying to shield the negativity to penetrate further. Hoping this can get better with right measures in place.
As the saying goes Time & Tide wait for none.....The Fall in NY wouldnt stop...................and yeah This Fall will definitely miss...BearSterns & Lehman Brothers....
Thanks Lehman & Bearsterns....for your visions and path breaking innovations in world finance they shall be treasured.
Sateesh reporting for GTIP......from NY....
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