Monday, January 5, 2009

America's largest bankruptcies






Hi this is a crucial situstion for big banks.The Greed, it's arrogance, indiscretion and large chunk of bad luck:- this horrible concoction led to America's 4th largest investment bank Lehman Brothers biting the floor and sending tremors across the financial oriented world.

With even some of the giants of this world are unsafe from the un-certainties and complexities of the global economy, the questions that are the uppermost in everyone's mind are:- who will be the next to go to bankrupt and when will this fiscal tempest sub-side?

Frankly speaking, no one knows for sure who will be the next one to go belly up or when will the world economy return to the normalcy. But then for Corporate America, other bankruptcies or vagaries of uncertain economy are nothing new now.

Over the years, the world has been witness to many an irresponsible management policy and greed that was wreaked havoc on the superbb companies that folded up. In the process, billions and bollions of dollars both investors' money and employees' pension went down the drain.


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