Archive for the ‘stock market’ Category
If Satyam were Pakistan
Posted by: Subrata Majumdar on: January 7, 2009
Here is what he could have gotten away with
Spokesman: We refute the evidence. It is certainly not enough for taking punitive action against a CEO
Spokesman: The fraud was perpetrated by non-company actors. Satyam is deeply commited to fighting and eradicating frauds
Spokesman: We have arrested the criminals. They are all agents of Infosys (or Wipro, or [...]
Putting things in perspective
Posted by: Subrata Majumdar on: September 22, 2008
Fund to provide liquidity to mortgage backed paper: $ 700 billionadd Funds pledged to Fannie and Freddie : $ 200 billionadd Funds to buy out AIG: $ 85 billionadd Funds stuck in the Bear Sterns bailout: $ 29 billion
Total funds pledged by the Fed in current crisis = $ 1.014 billion trillionSize of India’s 2008 [...]
Shed a Tear for Lehman
Posted by: Subrata Majumdar on: September 17, 2008
Ever since Michael Douglas, as the effervescent Gordon Gekko in the film Wall Street, took the microphone in the Telda Papers Annual Meeting and espoused the “Greed is Good. Greed clears the mind…” principle, Wall Street CEOs have subscribed to that with all heart. Lehman Brothers is not an isolated case of infliction [...]
Bengali Blues
Posted by: Subrata Majumdar on: August 3, 2007
I have this rather untested theory about stock market crashes. Every time you spot Bengalis becoming active and investing in the stock market, you are pretty much near the peaks. I actually witnessed this to some extent during the Harshad Mehta induced 1993 crash when it was common for a Bengali in a crammed Calcutta [...]
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