Subprime Meltdown

Submission for Crisil Young Thought Leader Series 2007 Lessons from sub-prime meltdown Submitted by: Neeraj Parashar MBA Full Time Student 2006-07 Second Year prove of Management Studies, Indore Email Address: neeraj.parashar@hotmail.com 5th October, 2007 ACKNOWLEDGEMENTS I would standardized to thank the following for sharing their views on the subject and providing verify in giving this dissertation an organized look; 1. Ms. Mahak Jain, prototypical Year, MBA, Institute of Management Studies, Indore 2. Ms. Ruhi Agrawal, number one Year, MBA, Institute of Management Studies, Indore 3. Mrs.

Neetika Khoda, First Year, MBA, Institute of Management Studies, Indore Neeraj Parashar Executive Summary Wealth without Work, Pleasure without Conscience, cognition without Character, Commerce (Business) without Morality (Ethics), Science without Humanity, Religion without Sacrifice, Politics without tenet are the seven deadly sins that are quoted by Gandhiji along with the popular principle of sacred means for sacred goals. In the story of subprime meltdown the shortcomings of US government, their materialistic society and the plethoric practices of industry got exposed. Subprime meltdown is not an overnight story of fiscal shock but a prevailing tendency of American culture of achieving more beyond their affordability; creation of wealth (subprime mortgage backed loans) without work (passing of buck of CDOs); irrational investments and financial supply on the part of individuals and organizations; technology facilitated credit history of borrowers organism ignored; are only the few manifestations of Gandhian thoughts. A society built on human esteem, dignity and financially disciplined life actually shapes the society concretely on solid values. The subprime meltdown is also a manifestation of... If you fate to get a full essay, order it on our website: Orderessay

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