Answer Posted / shruti

hi again


well as we all know that in Sept . there was a major
downfall in share market... the wall street was kinda in a
shock when one of its oldest investment firm Lehman decided
to file petition for bankruptcy...it was for the first time
in its 158 years... it happened coz it was heavily indebted
and the banks refused to invest in it.. losing the faith for
investors , n being indebted...

the main reason for having such a huge debt was its
dependence on leverage assets n property derivatives...so it
invested huge amount in property n housing crash made it
liquidate...on 13-14 sept it was like the end of it...so on
15th sep it declared itself bankrupt after the american
bank refused investment in it on the weekend... on the same
day, Merill Lynch was being sold... so it hampered the US
economy... n affected BSE by 3% downfall..


but still though the whole world is in the gloomy recession
period... our country managed to lit the candle of boom....

rest laters...


take care yall... n keep sharing info...

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