Courtesy: Neelakantan Anand, Chennai

Fundamental truths cannot be better explained.

BASIC REASON FOR RECESSION!

A naked and drunken woman boards a cab in London one night.

The Indian driver keeps staring and does not start the cab.

Woman: Haven't you ever seen a naked woman before?

Indian Driver: I am not staring at you lady.

just wondering where you kept money to pay me!

Moral: That is what most of the American and European banks failed to do (i.e) Assessing repayment capacity before taking in the exposure!

Designed and maintained by AKR Consultants