![]() Online edition of India's National Newspaper Monday, September 22, 2008 |
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A stitch in time saves nine
BFSI meltdown calls for new stepsEven as the U.S. Government has put a rescue plan in motion to tackle the financial crisis, and central banks globally have pumped in huge funds into the system, there is still a large uncertainty in the minds of the people. “Fear” ... FINANCIAL SCENE Coming to terms with new realities financial scene The latest developments are momentous and have far reaching implications Nature of risks taken It would take a very long time for anyone to catalogue the various acts of omission and commission that led to the current U. S. financial crisis. At this stage, the following failings on the part of the leading banks are well documented: ... A trip down memory lane
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