End of Major Brands
Well said that over confidence ends up nowhere! Major brands venture into small companies and new start-ups to save their taxes in America. However, the economic slowdown had a great impact on all the privitized banks in the USA.
One of my relatives, who is preparing for his daughter's wedding complains that he cannot withdraw more than few 100 $s from his ATM using his debit card in Virginia, and he has to wait for a week to draw more.
George W. Bush said "A deadline is coming. American taxpayers who would not let their money be used to subsidize their own companies — Lehman Brothers, Bear Stearns and Merrill Lynch — will not have their tax dollars used to subsidize your endless dithering over which Iraqi community dominates Kirkuk.... Look in the eyes of Americans who are seeing their savings wiped out, their companies disappear, their homes foreclosed. We are a different country today. After a decade of the world being afraid of too much American power, it is now going to be treated to a world of too little American power, as we turn inward to get our house back in order."
A version of this article appeared in print on September 24, 2008, on page A27 of the New York edition.
One of my relatives, who is preparing for his daughter's wedding complains that he cannot withdraw more than few 100 $s from his ATM using his debit card in Virginia, and he has to wait for a week to draw more.
George W. Bush said "A deadline is coming. American taxpayers who would not let their money be used to subsidize their own companies — Lehman Brothers, Bear Stearns and Merrill Lynch — will not have their tax dollars used to subsidize your endless dithering over which Iraqi community dominates Kirkuk.... Look in the eyes of Americans who are seeing their savings wiped out, their companies disappear, their homes foreclosed. We are a different country today. After a decade of the world being afraid of too much American power, it is now going to be treated to a world of too little American power, as we turn inward to get our house back in order."
A version of this article appeared in print on September 24, 2008, on page A27 of the New York edition.
Labels: Bear Stearns, Lehman Brothers, major brands, Merrill Lynch, ny times
posted by Narasimhan @ Permanent Link,
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