Lehman brother is falling down , falling down...

Disaster is spreading through the financial market like wildfire, and there wouldnt be a single soul on this earth that has in someway or the other not felt its aftermath.


After the demise of three of the top 5 investment banksin less than six months after thae start of the sub prime crisis, there are questions about whether the entire business model is sustainable. These banks depend heavily on borrowing in the market and have few depositors; hence they're always vulnerable to a crisis of confidence.The two surviving ones - Morgan Stanley and Goldman Sachs - should be more stable than their fallen rivals. Neither plunged into real-estate lending in the manner of Bear, Lehman and Merrill, while their management seems more on top of things than Lehman's CEO Fuld and Bear's appallingly out-of-touch James Cayne. However, after Lehman and Merill's demise, markets are becoming more concerned about these organisations.


A few months later...the market still tumbling down (FTSE below 4000 (not a joke)), USA has Obama holding the reins, Brown is trying to save the £, the French are laughing and you start almost believing that all this chaos is normal, that it is part of life. And then comes the next set of commotions (as if these were;nt enough) - the scamsters and the fraudsters - Madoff ran off (with 50bn,) Stanford tried with 8bn. India was shining bright with Satyam.

And if within 3 months you have just as many high profile cases and a few dozen other insvester running away or killing themselves , i just wonder how many of these have not come to light.
The Pandora's boxe has been opened (yet again)and I wonder what else lays in store for us....