Archive for October 12th, 2008
Thats the way the cookie crumbles!
Posted by: Chirag Jain on: October 12, 2008
- In: business
- 6 Comments
Thanks Rajesh, Chirax and Adarsh for suggesting apt titles. I’d urge other readers to please send in more…..
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Lehman Brothers accelerates cascading failures on Wall Street
Posted by: Chirag Jain on: October 12, 2008
- In: business
- 2 Comments
Its often said that one bad apple spoils the whole basket. Very true indeed, as it turns out that Lehman Brothers’ story didn’t end with just a bankruptcy. Severe repercussions are to follow :
Many investment funds and financial institutions took on insurance policies on Lehman’s debt. This meant, that if Lehman were to default on [...]
