With the advent of 2009, economists are debating the extent of the impact of global meltdown on the Indian economy in 2009. The predictions range between somewhat optimistic to fairly pessimistic. But the common thread running is that 2009 will be challenging, indeed.
The Deputy Chairman of the Planning Commission Mr. Montek Singh Ahluwalia says the [...]
Gather 'round, kids. The man with the goodies is here.
(Those of you old enough might recall an anti-drug commercial some 25 years ago starring a "pusher" who spoke that line. You can blame CNBC for my recalling it. They're pushing their new feature documentary on "business" and "economy" titled, "Marijuana, Inc: Inside America's Pot Industry." Is it an ind
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims dropped 94,000 to 492,000 from last week’s unrevised 586,000 claims while “continued” claims jumped 140,000 resulting in an “insured” unemployment rate of 3.4%.It’s very important to understand that today’s report continues to reflect employment weakn
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims jumped 30,000 to 586,000 from last week’s revised 556,000 claims while “continued” claims declined 17,000 resulting in an “insured” unemployment rate of 3.3%.It’s very important to understand that today’s report continues to reflect employment weaknes
Liberal activist groups like People For the American Way are outraged that Rev. Rick Warren of Saddleback Church will deliver the invocation at the presidential inauguration of Barack Obama.
I seem to remember being told that focusing on Obama's associations is nothing more than a distraction...
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 21,000 to 554,000 from last week’s revised 575,000 claims while “continued” claims declined 47,000 resulting in an “insured” unemployment rate of 3.3%.It’s very important to understand that today’s report continues to reflect employment weakn
When it the U.S. economy, people are already beginning to wonder if the problems have not end. But it turns out the crisis may be even deeper than most people think.
There is a second mortgage shock heading for the economy. Sub-prime mortgages were bad enough, but there were two other kinds of exotic mortgages that became popular before the housing bubble collapsed, called "Alt-A" and "option ARM.
From Carolyn Harris at Infowars, December 16, 2008.
We all know economic depression here, and some of us have an inkling about what is coming. The governments vacillate between spewing gloom and doom and ridiculous ‘happy fun clown time’ gibberish at the great unwashed masses depending upon whether they want fools to buy into the [...]
The WSJ Law Blog writes about Susman Godfrey:
Susman Godfrey is trying to put its “financial fraud task force,” which the firm says was formed recently in response to the meltdown, to good use.
In a press release the firm says its task force has “launched a comprehensive investigation into the collapse of Madoff Investment Securities, LLC. [...]
Outsourcing fights back and lives to see another day. While everybody was rushing to write off the industry in the wake of Barack Obama's election and the global economic slowdown, two major outsourcing deals in the hospitality and the pharma sectors have been signed which should bring hope and cheer for the Indian BPO sector.The world's premier hotel company, Chicago-based Global Hyatt Corporatio
Lynn Spears said recently she debated naming her autobiography, It’s All My Fault, as she takes the blame for Britney’s meltdown last year. It’s no secret that Britney didn’t have the best upbringing. Lynn, however, is mother of the year compared to Jamie’s drunken carousing!
more Brit Brit news after the hop…
Lynn told The Daily Mail she [...]
A less than two degree Celsius rise in global temperatures might be sufficient to spark a meltdown of the Greenland Ice Sheet and Arctic sea ice, the WWF warned in a new study released Thursday.
"As a result, global sea levels would rise by several metres, threatening tens of millions of people worldwide."
The melting of Arctic sea ice could affect ecosystems, while a meltdown of the
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims jumped 27,000 to 542,000 from last week’s revised 515,000 claims while “continued” claims increased a whopping 109,000 resulting in an “insured” unemployment rate of 3.0%.It’s very important to understand that today’s report continues to reflect emplo
Rabbis are a great resource during this economic crisis, providing both support and networking opportunities.
In any period of difficulty, it is essential that communities pull together to share their expertise to support those in need. During this period of economic uncertainty, it is certain that there will be no sector, faith, nor community that will be unaffected by redundancy and financial
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims jumped 32,000 to 516,000 from last week’s revised 484,000 claims while “continued” claims increased 65,000 resulting in an “insured” unemployment rate of 2.9%.It’s very important to understand that today’s report continues to reflect employment weakne
The recent financial meltdown got many investor burned their pocket. Some of the blue chip investment companies where transaction are in billions like Lehman, Freddie Mac, Fannie Mae, AIG have been wiped out almost of their capital due to crisis.
Below here are some of the capital loses as compare to their peak a year ago.
* [...]
In India on a four-day visit Bill Gates was confident that the recession would not have a long-term impact and India would continue to grow at good pace. He lauded the Indian IT industry for building an “incredible reputation”. While the Indian IT companies too would be impacted by the global economy, they will continue to grow business.
If you have an attorney holding your structured settlement money in a trust account, it is incumbent on you to make sure your money is held in a financially viable banking institution. The current financial economic problems have led to warnings that courts have complete leeway to determine attorney responsibility in the loss of settlement funds in the event of a bank failure.
In the past, a N
Farmer OP Kurien, whose income has for ages depended on the fluctuating prices of farm produce, had just begun to look for a well -settled techie groom for his techie daughter when the current global financial meltdown washed away his dreams for a more stable future. Till recently young men and women working in India's mushrooming information technology (IT) firms and earning fat salaries were amo
I'd like to share an excerpt from an essay on Tun Dr Mahathir Mohamad in the Time magazine's Essay section in its November 3rd issue by Mark L. Clifford, Executive Director of the Asia Business Council. I think this is a nice piece of a fairly-well balance article. Reason why I say this is because, it is relatively hard to find any positive review by Western media or journalists on Mahathir, espec
ut this is exactly what is happening in Russia as their richest man, metals magnate Oleg Deripaska went hat in hand to the Russian government and asked for $4.5B to help pay a few loans he had with a couple unnamed Western banks. Now, everyone involved is denying the loan
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims went unchanged at a level of 479,000 while “continued” claims declined 12,000 resulting in an “insured” unemployment rate of 2.8%.It’s very important to understand that today’s report continues to reflect employment weakness that is strongly consistent
Please watch below Nouriel Roubini giving a speech'Panic' May Force Market Shutdown on October 23, 2008, in five parts:Nouriel Roubini is Professor of Economics at the Stern School of Business, New York University, and Chairman of RGE Monitor (www.rgemonitor.com)Part 1Part 2Part 3Part 4Part 5
The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump. Currency pegs are being tested to destruction on the fringes of Europe’s monetary union in a traumatic upheaval that recalls the collapse of the Exchange Rate
Ask FII's to reverse all their lending within 30 days. 30 days time frame is more sufficient to cover all lending in the light of the fact that FII's themselves agree that selling is more due to redemption pressure. This act will provide exit to all wanting to sell due to forced sell. It will act as balancer.Reduce STT to pre budget level to bring back jobbers which used to provide handsome amount
The writing is clearly on the wall now. There is an obvious meltdown in the world financial markets. The impact is being seen on the jobs as well. The companies have started to downsize the staff (Jet Airways fiasco is the latest example). They actually have no other option. If a company has to survive, it has to downsize to cut costs. The easiest victim would be the employee who is an average
David Callaway points out that oil’s failure to reach $200 a barrel — it is now sitting in the low 70s after collapsing from $145 — is suggestive that the current economic gloom will not reach apocalyptic proportions. There is a good probability that Callaway is right – in the short term.
Powerful individuals at [...]
Irrational exuberance is back. That’s my best explanation for the ten percent plus gains in the stock market today following the historic cascading collapse (as it was called on CNBC’s Fast Money) of the stock market last week. There are other explanations, of course. You can say that a bottom was established. You can blame [...]
By Justin Pope, AP Education WriterAs financial meltdown rocks even sturdy ivory towers, colleges will have to cut backFor many colleges, the last 15 years have been a golden age. Philanthropy and Americans' grudging tolerance for high tuition fueled an unprecedented boom -- investments in everything from gyms, dorms and labs to faculty and expanded financial aid.Now, suddenly and like the rest of
Here are a few photos capturing the mood of investors last week. Maybe we’ll get a “mercy bounce” this week but market confidence has been shattered.
In a few of the photos it looks like the people are praying. Hopefully it helped them out.
I got response from my last post from a supporter of Ayn Rand. It claimed that Atlas Shrug was a work of genius and had I read it. I am familiar with Atlas Shrug, and my mistake was to think that most intelligent people would see through its glarying emotional irrationalism. While I don’t have the space to go through most of its internal logical flaws, I will give one of the most obvious one. Fi
I got response from my last post from a supporter of Ayn Rand. It claimed that Atlas Shrug was a work of genius and had I read it. I am familiar with Atlas Shrug, and my mistake was to think that most intelligent people would see through its glarying emotional irrationalism. While I don’t have the space to go through most of its internal logical flaws, I will give one of the most obvious one. Fi
The deadly global financial slowdown will have a very deep impact on the realty sector in India, which is already fighting a desperate battle. Realty sector watchers are of the view that the slowdown will carry a double edge impact to it. One, as big-ticket banks, financial institutions and companies are pruning their staff, the market will lose some of the possible buyers of new houses. And, seco
'I sit there and I look back and I'm like, "I'm a smart person. What the hell was I thinking?"' Britney Spears said in an interview to air on MTV on Nov. 30, two days before the release of her new...
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In this week's edition of Q&A (we've had Rapid-Fire, Lightning, 100-Meter Dash and now Light Speed... suggestions for new names are welcome), I once again compress as much information as possible into as few words as possible.
Surprisingly, this week we cover some questions that aren't related to economic collapse / the end of investment banking as we know it / other end-is-nigh scenarios.
There is fear in the air. The financial meltdown has created a scary environment and everybody is running helter-skelter and are trying to save their investments.
There is uncertainity also in the air and in the corporates. Employees are feeling insecure about their jobs and corporate are laying off people in heaps just because they have lost major businesses.
But what does this financial mel
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims decreased 20,000 to 478,000 from last week’s revised 498,000 claims while “continued” claims jumped 56,000 resulting in an “insured” unemployment rate of 2.7%.It’s very important to understand that today’s report continues to reflect employment weakne
Image by ??• Cishore ? via Flickr
When the global banks decide to cut interest rates yesterday, I shuddered a little. Not that I have a fortune in the stock market and banks but I was concerned with the current financial meltdown.
See, the truth is regardless of all that is happening in the financial markets and [...]
Jesus offers us away out of the madness. We Christians have forgotten that we are not to be comfortable with this fallen world. If the heat on Wall Street the last week and the Christian response has proved anything, it is how much Christians in America have turn away from our classical theology and gone to one formed more by Adam Smith and the promise of Wealth. I have heard in the past day that
Jesus offers us away out of the madness. We Christians have forgotten that we are not to be comfortable with this fallen world. If the heat on Wall Street the last week and the Christian response has proved anything, it is how much Christians in America have turn away from our classical theology and gone to one formed more by Adam Smith and the promise of Wealth. I have heard in the past day that
by Steve Selengut
Both presidential candidates want to crucify SEC Chairman Cox for failing to control our creative financial institutions. But rumor has it that Congress specifically excluded the devilish derivatives from SEC purview. Let’s fire the right bunch of “poips” for a change!
Scary markets are brought about by many factors, some normal, and some not [...]
- Scott Miller
Stanly Kurtz, investigative reporter for The National Review magazine, has been on the fore-front of breaking all the stories about Obama’s deep association with William Ayers, the unrepentant terrorist who founded the domestic terrorist group called the Weather Underground.
Today he is breaking a new story about Barack Obama’s ties to the radical community organizer [.
Bloomberg - Commodities Meltdown as Leverage Vanishes, Growth SlowsCommodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials.The value of the 19 commodities in the Reuters-Jefferies CRB Index fell $280.6 billion, or 43 percent, from its July 3 peak, a loss larger than their total worth two
The 7 billion-dollar Wall Street bailout has riled many Americans, and rightfully so. If there had been genuine benefits in that agreement for the middle and working classes to equal those for the wealthy and businesses that greedily fed at the hog trough of deregulation, it might be easier for us to swallow the bitter pill that President Bush is ramming down our throats. But as usual, what we
Credit Unions Buck Trend; Remain Solid Despite Mortgage Meltdown
The subprime mortgage meltdown continues to have ripple effects throughout the economy, but a too-often-ignored bright spot in the mortgage industry is just down the street: the local credit union. And in a society in which 70 percent of all mortgage shoppers start their mortgage searches on the Internet, credit unions of all sizes
‘Global financial system in complete meltdown as the free market collapses'August 2008 was the first anniversary of the global credit crunch, during the year the world witnessed the global food crisis, soaring oil prices and the spectacular collapse of a number of banks and companies around the world. Debates about a severe recession reached fever pitch. Northern Rock in Britain, Bear Sterns in
in the last week, something happened in the usa real estate mortgage market which is being called simply as a "meltdown". according to the media, mortgages worth over hundreds of billions of dollars have become overdue, and the banks are foreclosing on them. the results of these overdue loans is causing tremendous pain in the stock markets around the world. AND a number of banks are declaring bank
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 1,000 to 497,000 from last week’s revised 496,000 claims while “continued” claims jumped 48,000 resulting in an “insured” unemployment rate of 2.7%.It’s very important to understand that today’s report continues to reflect employment weaknes
Yesterday, in a surprising turn of events, the House of Representatives turned down the proposed $700 billion bank rescue plan. This in turn, caused the Dow Jones market to go into free-fall, accumulating the largest one-day drop in a couple-odd decades. Markets around the world reacted, mostly in sympathy, with the U.S. market, racking [...]
by Rep Ron Paul
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to [...]
Let me get this straight: Moments before a fragile vote in the American House of Representatives, a member of one political party decided it was the perfect time to give an incendiary speech criticizing members of another political party which in retaliation decided to let a critical piece of legislation fail and potentially throw the [...]
Both presidential candidates want to crucify SEC Chairman Cox for failing to control our creative financial institutions. But rumor has it that Congress specifically excluded the devilish derivatives from SEC purview. Let’s fire the right bunch of “poips” for a change!
Scary markets are brought about by many factors, some normal, and some not so normal. [...]
President Bush and the Congress are about to transfer $700 billion dollars of taxpayer money to unethical bankers and investors whose predatory and unethical business practices have finally caught up with them.
Make that caught up with us.
Walden Bello, Foreign Policy in Focus.
Many on Wall Street and the rest of us are still digesting the momentous events of the last 10 days. Between one and three trillion dollars worth of financial assets have evaporated. Wall Street has been effectively nationalized. The Federal Reserve and the Treasury Department are making all the major [...]
Great video found on Moonbattery
“It’s no wonder we get vague, convoluted hogwash from the media instead of an accurate description of how the economic crisis came about. The true story isn’t all that complicated, but if it were known, the Democrat Party would be finished for a generation.”
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 32,000 to 493,000 from last week’s revised 461,000 claims while “continued” claims jumped 63,000 resulting in an “insured” unemployment rate of 2.6%.It’s very important to understand that today’s report continues to reflect employment weakne
It sometimes takes a good financial crisis to remind us just how interconnected we are. When the New York stock market crashed in 1929 the economic shockwaves reached London, Paris and beyond, in one of the first examples of global economic contagion. News travels a little faster these days, and markets don’t just follow Wall [...]
The LHC (Large Hadron Collider) has been put off line for at least two months following a 'quench'. Helium liquid had leaked out meaning that the large electro-magnets were not being cooled, subsequently they heated up to nearly 100 degrees. Fortunately none of the magnets were irreversibly damaged, however due the the nature of the environment even relatively minor repairs are extremely time cons
Now, may be the peak of fear and panic and the best time to buy. If you are looking for the best buying situation for a long time, it's here and you should start the process now.
With all the news over the past few days, I've been receiving many panicked emails.
Will banking cease to exist?
Will the "glory days of M&A" ever return?
Is the US really being sold to China once the Fed goes bankrupt?
And most importantly, what should you do?
I don't have a crystal ball, but I do know what it's like to go through a recession. Back in 2000-2002, I was in the midst of
Arizona Senator and Republican presidential candidate John McCain has a major problem on his hands, and that is how to neutralize the political and the economic impact of the meltdown on Wall Street.
India market is bleeding due to New York finance crisis. AIG got support from FED to stop finance market meltdown. AIG have plans to sell there asset to add liquid cash flow. September 25th 2008 AIG is going "LET GO" more than 1000 employees and consultants.
Asian Market is surely going to show negative impact bringing BULL to standstill.
Nifty has to maintain above the level of 3939 to
Wall Street had a very busy weekend trying to salvage the flailing financial giant Lehman Brothers, while Bank of America was busy acquiring Merrill Lynch. Monday and today were days of reckoning for the financial markets, and you can bet that this week will be one in which we see the financial implosion in U.S. banking and brokerage that many have been expecting for some time. What we are exper
Shares of Wall Street firms Morgan Stanley and Goldman Sachs plummeted on Wednesday and Britain's biggest mortgage lender neared a sale in the latest signs of extreme distress in the financial...
Continued on JimCramerBlog.com
the following are a few personal thoughts on "the meltdown". for those of you who have not been reading the newspapers to keep abreast of what is happening in the financial world - a number of well-known banks in america are in big trouble. one has even declared bankruptcy. shades of the dot com crash. now, we have "the meltdown".so, what does this mean, you ask?personally, I don't know what i
A number of employees in the financial services industry have even more reason to be concerned about their jobs after the collapse of storied financial institutions Lehman Brothers (LEH) and Merrill Lynch (MER). This follows on the heels of the Treasury Department's seizure last week of the nation's two mortgage giants, Freddie Mac and Fannie Mae, which are under organizational review. While a num
Today is supposed to be the day that the government and other firms figure out how to save Lehman Brothers from a total collapse. What’s different this time around is that according to this article over at Yahoo Finance, the fed is unwilling to use the taxpayer’s money in a bailout like in Bear Stern’s [...]
This is one of the walls in my craft room. It is covered with maedeup (Korean knotting) cording and with the way it is set up it is easy for me to decide what color to use in a maedeup project. There is one little (okay, big) problem I've had with this arrangement.Let me premise this with a description of the wall. It is covered with wallpaper and it is only glued on the edges. I'm not sure if thi
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 15,000 to 444,000 from last week’s revised 429,000 claims while “continued” claims increased 6,000 resulting in an “insured” unemployment rate of 2.6%.It’s very important to understand that today’s report continues to reflect employment weak
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 10,000 to 425,000 from last week’s revised 435,000 claims while “continued” claims increased 64,000 resulting in an “insured” unemployment rate of 2.6%.It’s very important to understand that today’s report continues to reflect employment weak
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 13,000 to 432,000 from last week’s revised 445,000 claims while “continued” claims declined 17,000 resulting in an “insured” unemployment rate of 2.5%.It’s very important to understand that today’s report continues to reflect employment weakn
¡Adéntrate en Springfield y vive una aventura en el mundo de Los Simpson! Guía a Homer en una contrarreloj mientras intenta evitar una fusión del núcleo en la central nuclear. Interactúa con Bart, el Sr. Burns, Apu y más habitantes de Springfield. Evita obstáculos como neumáticos ardiendo y hoyos gigantes mientras diriges a Homer a través de esta frenética y peligrosa misión. Vigila a
Still smarting over the unsavory Asbahi’s ignominious but comical exit from the B Hussein Obama cult, the unindicted coconspirators at CAIR and the American Islamic Association (AIA) of Frankfort, IL believe they have found themselves an American that they hope will even up the score. That American would be Frankfort Illinois Township Assessor Paul J. Ruff, a man with no ties to terrorism or rad
Yesterday, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims declined 10,000 to 450,000 from last week’s revised 460,000 claims while “continued” claims surged 114,000 resulting in an “insured” unemployment rate of 2.6%.It’s very important to understand that today’s report continues to reflect employment we
I was sitting in our hotel restaurant, joking over my shoulder with my new Rishikesh friends when I suddenly caught a glimpse of an unknown arrival who had sat herself down at my table. I turned to discover her twisted up face struggling to control that stressed-induced mania so common among visitors to India. Just [...]
I’ve seen each of the Harry Potter films as they came out, not because I’m a Potter fan, but because I’m a movie fan. I seem just about every major Hollywood release. I haven’t read a single one of the books, though I did try listening to the audio book of Harry Potter [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 7,000 to 455,000 from last week’s unrevised 448,000 claims while “continued” claims jumped 31,000 resulting in an “insured” unemployment rate of 2.5%.It’s very important to understand that today’s report continues to reflect employment weakn
Scenery Apparel just launched a new design called Meltdown, with which they're hoping to bring more awareness and discussion about global warming. On other news Scenery Apparel has teamed with MeGoGreen, which is an organization that connects people with green business and helps consumers locate green products and services. So not only can you be sure that your purchase from Scenery is green but a
Employee Meltdown While Being On Hold Video The following video is obviously a fake, but it should still get a laugh or two. It would also be a great video to send to a coworker if they’re currently stuck on hold to maybe give them ideas on how to relieve some stress. Tags: [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims surged dramatically 44,000 to 448,000 from last week’s revised 404,000 claims while “continued” claims absolutely exploded 185,000 resulting in an “insured” unemployment rate of 2.5%.It’s very important to understand that today’s report continues to r
By Bud L. Ellis
braves.today.com
Phillies 10, Braves 9
Top of the Order: In a season littered with enough gut-wrenching losses to make even the most optimistic fan spend the offseason wondering “what if,” the Braves let a six-run lead slide away and lost at Philadelphia in Mike Hampton’s return to the major leagues.
The Good: The end result [...]
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims surged 34,000 to 406,000 from last week’s upwardly revised 372,000 claims while “continued” claims decreased 9,000 resulting in an “insured” unemployment rate of 2.3%.NOTE: The charts below plot a “monthly” average NOT a 4 week moving average so the l
In Entertainment
Jeff Vespa/WireImage.com
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Well, Her Makeup Does, Plus J.Lo IsBarely Recognizable: Unflattering Pics
'Yes ... My Wife & I Have Separated'Actor Confesses After Racy Pics Leak
Hollywood Has a Dark Side'Batman' Star Assaulted Mom, Sis?'View' Host Admits Having Abortions
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78% - Sales Rank in Video Games: 408 (was 730) Mercury Meltdown: Revolution by Ignition Entertainment Ltd Platform: Nintendo WiiAverage Customer Review: Buy new: $19.99 151 used & new from $12.00(Ranking is updated hourly. Visit the Movers & Shakers in Video Games list for authoritative information on this product's current rank.)
Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 18,000 to 366,000 from last week’s 348,000 claims while “continued” claims decreased 81,000 resulting in an “insured” unemployment rate of 2.3%.NOTE: The charts below plot a “monthly” average NOT a 4 week moving average so the latest monthly
by: Richard GandonPeople are losing their homes and many more will lose their jobs before the mortgage meltdown works its way through the system.To paraphrase Alan Greenspan's remarks on March 17th, 2008, “The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War. The crisis will leave many casualties.”How many casua
