With the global financial scene in a gloomy state, and everyone in the banking and insurance sector wondering what is next in store; the entire episode has become an unending ordeal. Since last year, sub prime lending in US mortgage sector was seen as the major culprit. The crisis reached a melting point recently when the 158 years old investment banking firm Lehman brothers filed for bankruptcy. Their bankruptcy will inturn have an impact on the its creditors like Citigroup, Bank of New York and some Japanese and European banks. More trouble in financial markets seems inevitable.
To brighten up the day, one of my friends sent some Bank-Toons which I am sharing here:
1 comment:
Hahaha,
thanks for compiling the art of our times-
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