- BASIC REASON FOR RECESSION!
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!
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