Financial shocks and effect on Indian banks and Real Estate

#1
okay, now that we all know whats happening with Uncle SAM. Lehman down, Merril being bought by Bank of America and AIG selling assets.

I invite all the senior members to discuss the effect on the Indian economy of this. I am long in real estate. Is this a time to sell now?

What will happen to our lending giant ICICI?

Regards,
Ram
 

ARMHM

Active Member
#2
okay, now that we all know whats happening with Uncle SAM. Lehman down, Merril being bought by Bank of America and AIG selling assets.

I invite all the senior members to discuss the effect on the Indian economy of this. I am long in real estate. Is this a time to sell now?

What will happen to our lending giant ICICI?

Regards,
Ram
You are sending a shiver down my spine.
 
#3
Latest news floating around. Its really bad. If AIG is not able to raise sufficient money by tomorrow, they will file for bankruptcy on Wednesday.

Roller coaster ride.!!!!!
 

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