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First, it was Lehman Brothers filing for Chapter 11 bankruptcy, followed by a last attempted deal to sell off its Asia business to Barclays.
Then, there was Merrill Lynch absorbing more than US$40 billion in write-downs and its rescue buyout by Bank of America.
Then it was the giant AIG asking for a loan, which US Fed Reserve is close to finalizing a US$85 billion loan in exchange for a nearly 80% stake in the company.
British bank HBOS, which is Britain’s biggest provider of home loans, is in deep trouble on the stock markets amid the crisis engulfing global financial markets, and it is reported that Lloyds TSB is in talks to buy it over.
And there is speculation whether Goldman Sachs and Morgan Stanley are the next on the line.
The whole financial market is in turmoil. Where is the end? It is yet to be known, but it clearly spells trouble. Any job in the financial sector can be very unstable – I had witnessed it first hand already. Better to be on the toes now and don’t assume own indispensability or job security.
May I be blessed.
Then, there was Merrill Lynch absorbing more than US$40 billion in write-downs and its rescue buyout by Bank of America.
Then it was the giant AIG asking for a loan, which US Fed Reserve is close to finalizing a US$85 billion loan in exchange for a nearly 80% stake in the company.
British bank HBOS, which is Britain’s biggest provider of home loans, is in deep trouble on the stock markets amid the crisis engulfing global financial markets, and it is reported that Lloyds TSB is in talks to buy it over.
And there is speculation whether Goldman Sachs and Morgan Stanley are the next on the line.
The whole financial market is in turmoil. Where is the end? It is yet to be known, but it clearly spells trouble. Any job in the financial sector can be very unstable – I had witnessed it first hand already. Better to be on the toes now and don’t assume own indispensability or job security.
May I be blessed.
2 comments:
Better stock up more Arnotts while they are cheap now!!!
Haaa... U set me laughing!
Yet, I think you do make sense! They are cheap and yummy!
But, Arnotts are really expensive here - $7 to $9 per packet for some of them!!
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