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Sock it to me!

Well, with so many billions washed out in 2008, it looks like banks don't think a billion is too much! See this hilarious news item - http://news.bbc.co.uk/1/hi/scotland/glasgow_and_west/7804876.stm

With the banks getting it between their eyes, one can understand their being cross eyed. Not sure if banks are thinking of creative solutions to recover their losses - such as these!

Let us all hope that banks and other financial institutions rise from the ashes in 2009 and regain at least a semblance of credibility.

In 2008, we have seen it all - Ponzi schemes, meltdowns, CDS, counter party defaults........ don't think there is any other negative element left to be seen. Or so we think..........

But let us raise a toast to the New Year in fresh hope and with a prayer that we have all collectively learnt a lot of new lessons in 2008.

 

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