Best of Luck to all my friends who are working with any of these cos directly/indirectly...
Am awaiting who's next...They say Goldman Sachs and Morgan Stanley are also trying to save their asses.
There is this interesting "simple" diagram explaining the Subprime Crisis in the US (the cause for the current financial meltdown). You can find it here - http://en.wikipedia.org/wiki/Image:Subprime_diagram.png
If any of you guys understand it, please explain me....Gosh, why do these Americans make things so difficult to understand? No wonder, they couldnt figure out this financial crisis approaching...:)
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