Lehman Brothers is already down. Bear Stearns and WaMu sold. AIG has been nationalised. Fortis too has been nationalised by BeNeLux (Belgium, Netherlands and Luxembourg) yesterday. Bradford & Bringley gulped by UK. Many to follow. One after another bank is being taken over by the respective governments.
India has a lot many of these nationalised banks which were private entities before Smt. Indira Gandhi’s rule. In retrospect, one can say what a visionary she was 
People are becoming government servants overnight without any application for job 
Next time when someone asks you “Do you work for a private firm or government organization?”, think twice before answering and add to that the clause “subject to change”.
Filed under: Investing, world | Tagged: financial crisis, nationalisation
