BiziNation # 21: Going Going Gone!
Monday, 29 September 2008 20:00
9 Comments
When they asked Tom about his occupation, he balked. He wanted to keep that as a secret. But they persisted wanting to know about what Tom does for a living. He finally relented, "I work as a piano man in a brothel." He had lied. He was too ashamed to admit that he was an investment banker. This podcast is dedicated to all the innocent Toms from the unsinkable 'Titanic' like industry in the US called Investment banking where the lifeboats are afloat with people who's jobs and families are on the line. We would love to know your take on this unceremonius downfall of goliaths like Lehman Brothers, Merrill Lynch, etc. How bad is it out there?
| {mosgoogle} | Episode Notes
Listen Online (64 kbps) : Episode length: 19 mins
Download Episode 64 kbps: File size: 9 MB
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Comments
0
#1
2008-09-30 05:34
A good episode, hurray. :-)
I was listening recently to some old podcast
from some months ago where Abhishek states agreement with some Indian dude that the Indian economy/market was somehow stable and independent of the U.S. market !
I haven\'t stopped laughing since :-) :-)
I was listening recently to some old podcast
from some months ago where Abhishek states agreement with some Indian dude that the Indian economy/market was somehow stable and independent of the U.S. market !
I haven\'t stopped laughing since :-) :-)
0
#3
2008-09-30 17:24
some mention of layoffs in this episode
i likethe Indian method of dealing with layoffs much better, I think we should definitely adopt th e Indian method here in U.S.:
if you get layoff, just form a mass mob and slaughter the CEO!
I bet there would be lot less outsourcing/layoff in U.S. then!
i likethe Indian method of dealing with layoffs much better, I think we should definitely adopt th e Indian method here in U.S.:
if you get layoff, just form a mass mob and slaughter the CEO!
I bet there would be lot less outsourcing/layoff in U.S. then!
0
#4
2008-10-01 12:36
Wonderful episode !!!!!!!
Real Stuff , lIve examples, Beautiful... Mazaa aa gaya.... And Abhishek the parallels drawn between the Fed and the parents was quite an example in this scenario...to explain i mean to say....And the last bit of real live example was a nailbiter ....This episode was like a 20 20 thriller .... No time for respite and full of action. Looking out for more such stuff...
Regards
Akhilesh Mattoo
Real Stuff , lIve examples, Beautiful... Mazaa aa gaya.... And Abhishek the parallels drawn between the Fed and the parents was quite an example in this scenario...to explain i mean to say....And the last bit of real live example was a nailbiter ....This episode was like a 20 20 thriller .... No time for respite and full of action. Looking out for more such stuff...
Regards
Akhilesh Mattoo
0
#5
2008-10-01 12:40
I stole that example from you. Glad you liked what you heard in the episode! Thanks!
0
#6
2008-10-02 13:35
Welcome back.. i thought bizination was dead! Be consistent or dont waste my time.
0
#7
2008-10-08 06:27
Good episode.. I think we are talking about all the investment banks which fell but wat happened in US two-three back is happening in Asia now... I am sure you would have seen , \"how easy it is to get a loan in India from the bank\"... so very soon we will see the markets crashing... so falling of US markets will be bad for the entire world economy...
0
#8
2008-10-08 09:10
Hi Vikrant. There is a cliche which goes like this - \'When the US economy sneezes, the world catches cold.\' And like you mentioned, that\'s exactly what is happening.
Glad you liked the episode. If you have any topics to suggest, do so!
Glad you liked the episode. If you have any topics to suggest, do so!
0
#9
2008-10-08 10:42
Hi Vkrant,
I will slightly disagree here. I dont think it is so easy to get loans in India. Even thought we are constat\\ntly hounded by marketing calls for easy loans and credit cards, on closer inspection, these are mostly to salaried people who have s steady income. Also when it comes to actual disbursal of loan, they take into consideration many other things like how long have u been working, how many other loans u have etc....Many a times it results into rejection of loan.....
And the Interest rates in India are way to high as compared to in US to encourage very cheap borroowing.
That said, of course we may also see a rise in NPA\'s in near term but i dont think it will be as bad as in US bcoz we are more regulated.
I will slightly disagree here. I dont think it is so easy to get loans in India. Even thought we are constat\\ntly hounded by marketing calls for easy loans and credit cards, on closer inspection, these are mostly to salaried people who have s steady income. Also when it comes to actual disbursal of loan, they take into consideration many other things like how long have u been working, how many other loans u have etc....Many a times it results into rejection of loan.....
And the Interest rates in India are way to high as compared to in US to encourage very cheap borroowing.
That said, of course we may also see a rise in NPA\'s in near term but i dont think it will be as bad as in US bcoz we are more regulated.
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