Now this is more like it. For noob and dodo like me for the Finance Crisis happening, this is a much better way of display what's really happening. I find it very funny. But I know it isn't because people might have lost everything. Nevertheless, I believe this is all greed.
Remember, nothing is too good to be true.
From the BBC.
It is shaping up to be one of the most tumultuous times on record in the global financial markets.
The financial landscape is going through a period of upheaval with some major firms folding, other operations merging and a limited number of companies in both the Europe and the US, being rescued at a governmental level.
THE CASUALTIES
As the global financial crisis has worsened, the number of firms to crumble or be bought out has increased.
US BAIL-OUT
Governments have spent billions of dollars on rescue packages, led by the US with its $700bn rescue package.
Remember, nothing is too good to be true.
From the BBC.
It is shaping up to be one of the most tumultuous times on record in the global financial markets.
The financial landscape is going through a period of upheaval with some major firms folding, other operations merging and a limited number of companies in both the Europe and the US, being rescued at a governmental level.
THE CASUALTIES
As the global financial crisis has worsened, the number of firms to crumble or be bought out has increased.
US BAIL-OUT
Governments have spent billions of dollars on rescue packages, led by the US with its $700bn rescue package.
SHARE PRICES
Banks have continued to suffer the steepest falls in share prices. HBOS share prices fell sharply on Tuesday, down 26% at one point, before picking up again.
Royal Bank of Scotland shares have followed a very similar downward path. The bank suffered a pre-tax loss of £691m in the first six months of 2008, the second biggest in UK banking history.
US bank Merrill Lynch was taken over by Bank of America on 15 September prompting an initial recovery in shares, but they have since dipped again.
Fortis shares were falling sharply until a rescue deal was mounted by European banks on 29 September.
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