Monday, September 22, 2008
Aftermath Ike financial Hurricane Hits NY
The month of Sept 2008 is now a 911 for financial giant.Lehman Brothers,begging for a dime or two, and the behemoth AIG, a Titan with tentacles all over the world ,too big to fail now a moth.Bailed for $89 billions by the Feds.Will the banks of the world be supported and stands tall or the pillars washed away by the housing loans of USA. The cleanup will now begins,the Banks will needs to bank on it, and each other ,lending more dollars and dimes.The taxpayers will be the final payer of last resorts. The financial world will be changed forever,new security checkpoint will examine all transactions, including instruments unmask.Some call it cash for trash,whichever way,it will be dejawu of the depression era of Franklin Roosevelt. All will pay for the folies of a few bright sparks and their creations. It has finally turned into a mobid monsters, that bites the creators.Now the next crisis,watch this space!
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