Friday, September 26, 2008

Bubbling Complacency

These days, newspapers are all about the US financial markets. Housing bubble just doesn't seem to bust completely. Last one year was marked by events which experts would term as the ultimate bust of the bubble. But the bubble just doesn't stop busting. It wiped out the whole investment banking in US and converted them into traditional banking business models. I like to believe that they are following Indian footprints.

As I walk towards my office gate, I realize that tremor of this earthquake have reached all the way to Indian banks too. There's a strike in my bank and all nationalized banks. Ha.. got you.. if you thought we have some sophisticated complicated convoluted complex problem related to financial quants!! No sir, we Indians have more humane problems. Like the union issues!! Really sad.