Tuesday, 29 September 2009
Sunday, 13 September 2009
Its one year since two blasts - one in my city Delhi, and another in my line of work, Investment Banking. Last year, Delhi was shocked with multiple blasts, and Lehman went bankrupt, sending multiple shock waves and panic to the industry!
How we have cope up so far in last one year after these incident? The world economy went into recession, and now on the recovery path. Governments had to shell out much more money to banks in order to survive the economical breakdown. Had the Lehman was saved with Government funding, things could have been much better. But not all is lost, and it help reducing the overspending of the Banks. Now, Banks across the world are cautious about how and where to spend money.