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It is amusing to see how the banking industry is snorting in relief that Citi Bank declared a 2Q 08 loss of 'only' $ 2.5 Billion. Things have come to such a pass that a bank like IndyMac going under ...
For all of us who have been tom tomming electronic money, digital payments and mobile payments, this report by the British Retail Consortium is a bucket of cold water splashed on our face! See http://...
Going by the events of the 10 days, it looks like Lady Subprime who has been grabbing all our attention has serious competition. The 'World Food Crisis' threatens to take us back to the basics and mak...
The below mentioned piece of wisdom arrived in my inbox yesterday. Appears to be one of the many profound pieces of wisdom on the subprime mess. It makes good reading; although can't decipher how to g...
Biff!! Bang!! Kerplunk!! -..... These would be annotations if a comic book artist were to draw a strip on last week's events in the financial markets. The industry now looks like how the Roman Army is...
The onset of the New Year gets me thinking on what are the likely fads and buzz words in 2008. 2007 has already enriched our vocabulary with 'sub prime' , 'Ninja loans' and other such terms that a Cr...