1st it's Fannie Mae and another real estate giant crushing everybody'd economy.. nt long ago the US govt announced they were gonna give them a hand.. things started to get a lil better.. and now it's Lehman Brothers going bust.. Merrill Lynch bght over by BOA.. impending bust of AIG.. every country's financial sector is sinking in.. becox of the US economy.. i always thot the financial sector holds the most crucial factor for a country's economy.. cox it has the ultimate direct impact on the economy as a whole.. nt from the people -> economy, but economy -> the people.. the effect is diff.. there's ought to be more uncertainty and fear in people when they have no idea the extent the economy wld slump into..
and i remb attending a global banks networking session.. when merill lynch was so confident of themselves.. if i'm nt wrong.. their talk was 1 of the more interesting ones.. and now.. where r they gonna be? i'm juz glad barcap din buy over lehman brothers.. else i wld think it wld be too heavy a burden on them..
can anything more serious than this happen? i think there's every possibility that it could happen..
- nt a time to think abt oneself.. time to look at the big pic..
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