US Financial Meltdown!

Singapore
September 15, 2008 8:05am CST
Lehman Brothers filed for bankruptcy Merrill Lynch sold to BOA AIG seeking for captial will this trigger more writedowns and bankruptcy and evolved into a depression the world has not seen since the 20s? the future looks gloomy now :(
1 person likes this
3 responses
dev_punjani1
@dev_punjani1 (3)
• India
16 Sep 08
Ofcourse it the Lehman Brothers downfall has exposed that losses that they were hiding, but in India Lehman's operation are under different unit, even though the stock market in India suffered anticipating LB's downfall in India too. Slowly and gradually all such firms hiding their losses are going to be exposed coz even banks are not ready to give loan to other banks too which means that they do not trust which bank might go bankrupt!! If this is US financial meltdown then other countries are going down with it too.
middaymoon
@middaymoon (79)
• Singapore
18 Sep 08
Dow Jones plunged another 450 points today!
Farside604
@Farside604 (870)
• Canada
20 Sep 08
Ahhh the beauty of Capitalism.
MOMMASAM
@MOMMASAM (1004)
• United States
15 Sep 08
sadly, i think the future already IS gloomy. price of food. price of gasoline. price of health care. price of housing. price of heating fuel. price of medications. the list could be 30 lines long. the future IS HERE.