It started in the middle of 2007, when the Lehman Brothers, the world's supposedly second largest bank, closed its subprime lenders. In 2008, the fear was triggered with the collapse and bankrupcy of the same bank, creating a global economic melt down. The NIFTY, DOW-JONES, HANSEN were the biggest hit including the other national and international markets. The SENSEX made a dramatic ascent into the 20,000 point mark, but just like the dramatic peak, it fell below 10,000 mark within a week. With each and every asset down, the bankers panicked, making a panick call to sell shares and that did let to further fall the market price. The pandemonium set in a new kind of terror. Job security.
Wall Street broke down creating a collapse all over the world. Jobs were at stake. It was reported that this phase is one of the largest hit financial phases in the World Financial History. The UNO associated ILO (International Labour Organisation) reports that by the end of 2009 we can see some 50 m…
Wall Street broke down creating a collapse all over the world. Jobs were at stake. It was reported that this phase is one of the largest hit financial phases in the World Financial History. The UNO associated ILO (International Labour Organisation) reports that by the end of 2009 we can see some 50 m…