• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

In the article "How terrible is the financial crisis?" (Business Line, September 24), the author has brought out the frightful consequences of the present financial crisis faced by the US. The situation is akin to the oil price increase faced by the world.

However, the present crisis is borne out of the greed, ingenuity and laissez faire nature of the US economy and the Americans The world is in turn paying a price by way of loss of investment value. In this connection, the US Government has to be appreciated for taking quick decisions and pumping in money to reduce the illeffects of the crisis.

P. E. Muthu Mumbai

More Stories on : Letters | Financial Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line