Its ominous that most of the financial firms including Major Banks all across the world are running for their profits and try to trim their lending and recover debts and on the verge of collapse.
The so called Bailout package which was sent by Bush Admn and and the Fed seems to be a temporary relief as there might come a need for these kind of bailout packages very frequently whenever bank collapses or the premier banks of a particular countnry is in the verge of collapse. Its high time , the FED and also the European Banks sit together and discuss what has brought the current situation, whether there is excessive lending witout considering the credit worthiness of the consumer or a corporate company or any malpractices which has led to this kind of collapse. A
pattern has to emerge on the basis of this collapse and this can be taken up for discussion and debated as to what remedy and fail proof policies and laws can be introduced to prevent another BAILOUT.
Lehmann Brother is a fine example of a bankruptcy which has rattled the financial world and some more are coming but god only knows as to what extent and what is going to be the aftermath.
Introducing parameters for predicting a collapse or a clear analytics on the financial losses made by Banks and financial institutions is the need for he hour and this job should have been completed by now. World leaders G7 and G30
should sit together and agree for a comprehensive law and governance to protect banks and financial institutions and the so called SUB PRIME Mess has to be averted with a sharp eye to detail and even if it takes months to solve, it is good
as we have made a progress in finding out the remedy for the illness.
As far as the daily news goes, we happen to sit by and relax as there is always a President or a Minister or the FED who gives assurance that necessary actions will continue and these coordinated actions might give temporary relief just a PAIN BALM might soothe an ACHE. What we need is a surgery of the Post Bailout and the numerous companies which have declared bankruptcy as to what is the symptom , cause , effect and the corrective actions and if needed pass LAWS necessary.
Let us hope the G7 summit leaders and the World financial leaders and the World Markets took a holistic view of whats happened in the past and try to move on to a new stage where we have a picture of whats lying in front of us and whats coming next.
I wish the Markets remain cheerful whenever there is good news and we expect a speedy return to Bull Markets.
The so called Bailout package which was sent by Bush Admn and and the Fed seems to be a temporary relief as there might come a need for these kind of bailout packages very frequently whenever bank collapses or the premier banks of a particular countnry is in the verge of collapse. Its high time , the FED and also the European Banks sit together and discuss what has brought the current situation, whether there is excessive lending witout considering the credit worthiness of the consumer or a corporate company or any malpractices which has led to this kind of collapse. A
pattern has to emerge on the basis of this collapse and this can be taken up for discussion and debated as to what remedy and fail proof policies and laws can be introduced to prevent another BAILOUT.
Lehmann Brother is a fine example of a bankruptcy which has rattled the financial world and some more are coming but god only knows as to what extent and what is going to be the aftermath.
Introducing parameters for predicting a collapse or a clear analytics on the financial losses made by Banks and financial institutions is the need for he hour and this job should have been completed by now. World leaders G7 and G30
should sit together and agree for a comprehensive law and governance to protect banks and financial institutions and the so called SUB PRIME Mess has to be averted with a sharp eye to detail and even if it takes months to solve, it is good
as we have made a progress in finding out the remedy for the illness.
As far as the daily news goes, we happen to sit by and relax as there is always a President or a Minister or the FED who gives assurance that necessary actions will continue and these coordinated actions might give temporary relief just a PAIN BALM might soothe an ACHE. What we need is a surgery of the Post Bailout and the numerous companies which have declared bankruptcy as to what is the symptom , cause , effect and the corrective actions and if needed pass LAWS necessary.
Let us hope the G7 summit leaders and the World financial leaders and the World Markets took a holistic view of whats happened in the past and try to move on to a new stage where we have a picture of whats lying in front of us and whats coming next.
I wish the Markets remain cheerful whenever there is good news and we expect a speedy return to Bull Markets.
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