Another Black Monday At Wall Street

15.09.2008 can be marked as another black monday at Wall Street, with some of the major investment banks Lehman Brothers, Meryll Lynch and insurance companiy AIG declared their bankruptcy. Dow Jones plunge by more than 4.4% or 500 points today, its highest fall since 9/11 tragedy, even the Indian sensex did not remain untouch with the wall street disastor, in the early trading hours it loose more than 800 points. Even somebody on the Street is comparing this as worst day in the financial industry after Great Depression of 1929.

Besides, scene at the Lehman headquarters are really bad Feer of loosing their jobs, apprehension of their future work, was looming over the mind of every banker and employee working in these banking stalwarts. Subprime Crisis really hit the backbone of the US financial Industry and the overall world economy. But the question is whom to blame? Govt. Financial Institutions, Regulators, Speculators, Rating Agencies, or Investors. Every body played their role in bringing the world economy to stand still, and bringing another black day in US financial history.

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Thanks&Regards,
Mohit