Friday beckons Banks collapse in U.S.
25 , banks have so far failed.
They crumble like a pack of cards.
The queries and comparisons to bank failures in 1930 and 1989, seem frivolous.
Looking back , recollecting the experiences, reflecting on the woes, and brooding over the dead ,has become a trend of the day.
Drawing comparisons, inclining to find consolation in the previous failures. reconciling to the present dreadful scenario by relating to past debacles is but an inevitable acceptance of the severity of the crisis.
The major cause for the dwindling economy , is mismanagement, greed and over confidence.
Loans have been advanced without proper appraisals
Money had been disbursed in haste, for very low interest.
Extreme superiority and indulging arrogance and conniving deceit has led to the fiasco.
Banks failures are to be taken seriously ,as it predicts the total stagnancy of the treasury.
If treasury becomes an empty repository, then where will the country nestle snugly ?
such .
