The Reserve Bank of India has released a Manual on Financial and Banking statistics.
This 312 page tome is sure to become a wonderful reference for any analyst involved in analysing monetary, financial and banking aggregates in India.
Great job done, I should say.
American Home Mortgage, America’s 10th largest mortgage lender has announced that it will shut shop effective Friday. About 7000 workers lose their jobs.
When the history of this crisis is written, this would rank as a critical milestone, not Bear Stearns, not Blacksone, not KKR.
None of those 7000 persons probably did anything to deserve this. They remain victims of the environment, and the market system, which appears to display ruthlessness at times.
Update : AHM has now effectively shut down operations. More than 7000 workers are expected to lose their jobs.