Collapse after collapse of financial institutions trigger genuine panic among Indians. Whether Americans can digest the fall of Lehman Brothers and AIG, I don't know, but we Indians in India are rudely awaken from the false rosy pictures depicted by Indian economy.
All sorts of erratic parameters indicate the total chaos and the general public are truly dazed. Have we all lost money only or confidence in the Governments?
All the leading American banks that were said to have employed top notch finance wizards, graduates of Harward and so on have miserably failed to foresee what is coming.
Citizens of the world, will you all wake up at least now and spend only what you earn?
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