Yeah true! its all about cheating commonan and making money.they are all well trained for that in B schools and MNC banks That is why you dont get an Ambani,bajaj,tata,birla,nirma,asian pants TVS-allof them started from scratch,bult empires without female MBA's so is the case with sony,yamaha etc.,
The money is still on earth; neither it has been burnt, nor taken to heaven, nor destroyed in fire but it has changed hands. It is therefore surprising that the world’s biggest economy of 14 trillion dollars is in recession. The biggest banks, financial institutions, auto giants, insurance companies and so on so forth are in the spiral of recession – after all where all the money has gone which these bodies, institutions were boasting high a year back only. I do not agree that simply by the sub prime factor the biggest economy on this planet can sink like a pack of cards in a few months. Can we say that every American has borrowed in this decade only for a housing loan? Can we say that none of the Americans were having homes till date? Can we say that every American was planning to renovate his home now? Can we say that many Americans decided not to live on rent in this decade and wanted their own homes? Can we say that many immigrants have gone to America to create this big hole in the American economy by way of wanting to have their houses to be constructed?
The Answer to all the above questions seems to be in negative. If we trace the roots it will emerge to be a totally different story. I do not think that in a country where there are only 30 crores people (around 5 crores households) can create such a big hole.If we just compare the requirement of home loan of India & China it is still bigger in scale & economy still booming.
Re: Re: WHERE THE MONEY HAS GONE?
by nano on Mar 15, 2009 12:50 PM
There wer a bunch of friends, they used to work, play eat & drink together.One of them opened a finacial charity consortium.He started giving loans after cheting others,started giving promisory notes,floated securities and finally launched his own private currency.In a span of time he became not only rich but all remaining 9 friends were dependent of his financial activities.The other friends also copied him and started giving loans tking loans from him,now this guy had a mammoth financial assets multiplied with the assets of other friends since the currency floted by him was paying rich dividends.After some more years the loan repayments were bounced and hit the guy holding the key of all game.Now this guy is not able to maintain his private aeroplanes and has not visited his paradise in his privately owned island near greenland for last three years and blaming the recession.
