Saturday, November 22, 2008

Global meltdown and its effect on indian economy

Indians have great power of resistance and patience unlike the global community who are feeling the heat now a days due to global financial crisis.The common man is passing through a river full of fire due to the laggardness and mismanagement of the finances of US govt which spreaded across globe.

The US govt is responsible for the financial crisis.

The banks and financial institutions were just the followers of the Govt.

They did what they were told to do, lent money to everybody not by looking at thier credit worthiness but just to create a scenario of " Home for all", so created a bubble of loans.At last it got burst.

and we all suffered.

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