The crisis began on Wall Street. Financial conjurers suddenly discovered that their tricks for making risk vanish had only disguised it. Their leveraged bets went sour, and the derivatives they thought insured them against any shock turned out to be worse than worthless. Check out Express India for the rest of the story.
Are you ready to surive another Wall Street Crash? I know I am. BTW, are the Chinese really going to by Hummer from GM. Would you have guessed that 3 years ago?
Tags: Derivatives, Gm, Hummer, india, Risk, Shock, Slump, wall street, wall street crash, Wall Street Financial