^ i never even heard of them bro
but you mentioned they are in the US, would that affect londoners?
i honestly dont even know what ac redit crunch is
Hello All
Lehman Brothers the 3rd or 4th largest investment bank in the US filled for bankruptcy today. - because of this the stock market tumbled today
This is going to affect the credit crunch big time, because how complex there dealings are.
not only that 25k employees are jobless!
Kind Regards
^ i never even heard of them bro
but you mentioned they are in the US, would that affect londoners?
i honestly dont even know what ac redit crunch is
of course it will, there investment banking so they have investments in many companies like pension angencys have dealings with Lehman Brothers, there deals are so complex it will take months for people to fid out the real damageformat_quote Originally Posted by IbnAbdulHakim
^ i see, then i guess we wont really know who it affects
American economy is screwed. American economy is going down and taking the world with them.
but the credit crunh will only get worse.....format_quote Originally Posted by IbnAbdulHakim
Its even the UK, Northern Rock? but because america is so big everyone is worrying even AGI or AI (dont know the name) americans largest insurance company wants to borrow $40 billion......and if they dont get that what will happen!!!format_quote Originally Posted by Questfortruth
If American economy went down alot. Would this affect the IT jobs outsourced in India?format_quote Originally Posted by qassy!
it affects everything....what sort of it jobs?format_quote Originally Posted by Questfortruth
computer system analyst and IP engineeringformat_quote Originally Posted by qassy!
well.....credit crunch affects all industrys, inshallah nothing will hapeppn 2 ur jobformat_quote Originally Posted by Questfortruth
oh no its not my job its my cousins that live in India. Yeah but inshallah nothing will happen to their jobs.format_quote Originally Posted by qassy!
yes it will affect the UK big timeformat_quote Originally Posted by IbnAbdulHakim
This country is gonna talk itself into recession imo :rolleyes:
I just watched that on the TV. it breaks down most the stock markets in the Middle east if not all hardly since the most of them linking their currencies with the dollar
its really a miserable situation on our stock market !!
WELL THE STOCK MARKET IS SO BAD!!!!!
£50billion has been lost of compaines values today in ftse 100 thats how bad it is
Never never ever heard of lehman brothers in my life now all of the sudden im hearing all about them.
The stock market. I think they are now like a mad dog with ties loose, scratching heads and shouting in the phone mouth. One pic particular describes it.
Its a panic state.
actually I 've never heard of this bank.........subhan allah I just knew about it when it collapsed, but there no doubt that it has its great impact on the majority of the world stock markets especially our local ones in MEGlobal stock markets plunged Monday as the dramatic collapse of US investment bank Lehman Brothers sparked steep losses across the financial sector, dealers said.
Wall Street slumped in opening trade after a bankruptcy filing by Lehman Brothers and the distress sale of Wall Street rival Merrill Lynch.
New York's Dow Jones Industrial Average shed 2.53 per cent after European stock markets tumbled as much as five per cent.
Major central banks, led by the US Federal Reserve, rushed to inject tens of billions of dollars into money markets on Monday as Asian indices also closed sharply lower and Gulf markets lost up to seven per cent in value.
Elsewhere, the dollar fell heavily against the euro before rebounding in volatile trade, while oil prices slumped to seven-month lows under 93 dollars a barrel on fears about weakening energy demand.
"The collapse of Lehman Brothers has sent a major jolt through global financial markets as it is by far the biggest victim of the credit crisis that started in August 2007 and had been considered too big to fail," said Global Insight economist Howard Archer.
"There is obviously widespread concern about other banks' exposure to Lehman Brothers, not only in the US but also in Europe. Lehman's collapse also increases concerns that other banks could fail."
Europe's main stock markets recorded falls of more than five per cent before clawing back some ground in late afternoon trade.
In London, banking group HBOS plunged 20.2 per cent and Barclays shed 10.8 per cent. German banks Commerzbank lost 11.7 percent and Deutsche Bank 8.24 per cent in Frankfurt.
In Paris, French peers Credit Agricole and Societe Generale saw their share prices slide by 11.9 per cent and 10.9 per cent respectively.
Lehman Brothers filed for bankruptcy on Monday after a frantic weekend of negotiations failed to arrange a rescue.
"This story is likely to dominate proceeding for the next few sessions, dragging financial stocks further in to the red, creating yet more fears over the strength of the global financial system," said CMC Markets dealer Ian Griffiths.
"The news will totally eclipse the fact that oil is trading below 100 dollars per barrel which usually would have boosted sentiment."
In late afternoon European trade, the Paris CAC 40 index of leading shares was down 4.32 per cent, London was off 4.54 per cent and Frankfurt lost 3.33 per cent.
Amid the fallout, the head of the British Bankers' Association, Angela Knight, told AFP that Britain's commercial banking sector was "safe and sound."
German banks' links to the collapsed Lehman Brothers were "manageable and can be dealt with," said the German finance ministry, adding that it was in close contact with its international partners.
Share price losses were also steep across Asia, with Taiwan stocks ending down 4.09 per cent and Philippine shares off 4.2 per cent. Sydney fought back slightly from earlier losses to end the day down 1.8 per cent.
Several major markets in the region, including Tokyo, Hong Kong, Shanghai and Seoul were closed for public holidays.
In the markets that were trading, financial stocks suffered most.
Lehman Brothers said that it intended to file for bankruptcy "in order to protect its assets and maximise value."
Bank of America meanwhile said it was buying Merrill Lynch for 50 billion dollars in a transaction that creates the world's largest financial services company.
"Wall Street is reeling this morning," said Chris Lafakis at Economy.com on Monday.
"Today will be difficult for equities as markets digest the events that unfolded over the weekend."
source:http://www.business24-7.ae/articles/...scollapse.aspx
Last edited by Danah; 09-16-2008 at 06:42 AM.
that is suret al-Anfal for you...[Pickthal 8:36] Lo! those who disbelieve spend their wealth in order that they may debar (men) from the way of Allah. They will spend it, then it will become an anguish for them, then they will be conquered. And those who disbelieve will be gathered unto hell,
إِنَّ الَّذِينَ كَفَرُواْ يُنفِقُونَ أَمْوَالَهُمْ لِيَصُدُّواْ عَن سَبِيلِ اللّهِ فَسَيُنفِقُونَهَا ثُمَّ تَكُونُ عَلَيْهِمْ حَسْرَةً ثُمَّ يُغْلَبُونَ وَالَّذِينَ كَفَرُواْ إِلَى جَهَنَّمَ يُحْشَرُونَ {36}
they will spend
it will be anguish for them ( i.e from the massive losses)
they will be conquered
I love that verse, especially when I browse the forum, and find these vehement kaffirs only taking delight at the plight of Muslims...
Let them have a taste of the misery and bankruptcy they have brought upon people. That is the price of illegal wars.. the price of usury, the price of having blood on ones hands.
let them elect the other moron, see if they desire another 8 years of the same crap.. they never learn until they end up not only with third world politics but economy as well!
I guess how many other names are there that we need to know. Let them collapse and let us know. Only way
lol i nevr even heard of them, until i see this thread then its alllll over the news
America is goin down because of ther stupid actions they do.
Hide
Looks like you're enjoying the discussion, but you're not signed up for an account.
Posting Permissions
Bookmarks