The US financial crisis has been the talk of the town. And the fact that I did not want to  seem as lost as Rakhi Sawant in UN’s World Summit, I had no option but to metamorphise my homepage from indiafm to economictimes. After reading a dozen or so articles about the US economy which were as joyful as  watching RGV Ki Aag a dozen times over, my tolerance levels were slipping. And just  when indications of me facing a mental crisis after reading so much of the US crisis seemed apparent, I decided it was time to take a break from the world of finance, and began chatting with a friend online.

Aise hi baaton baaton mein, while chatting with her, I asked her if she had any clue about what the hell was happening in US. Whilst she always had a doubt that I had some of my screws missing up there, asking her this question was a confirmation of my insanity. “Ek marungi, kuch dhang ki baatein karo” came her curt reply.

Upto mischief as always, I started pestering her and pleaded her to find out about the US crisis and explain it to me. “Apne dost ke liye itna bhi nahin kar sakti” , and a few more emotional dialogues later, courtesy Yash Raj Films, I had really got to her nerves. I could have continued with my pestering ordeal had a project meeting not stalled my activity.

Mentally exhausted after two hours in the meeting, I was  surprised to see a huge message window greeting me. I couldn’t stop smiling once I started reading its contents. And thought I should share its contents with all my blog readers too. So if you really want, a simple/ non -technical depiction of the US financial crisis, then this is very your search ends. Here’s my friend’s description ( word by word) of the US financial situation and its impact on India. Fantastic, to say the least.

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Abe sun jo tera US financial crisis mein mujhe jitna padha who bata deti hun……Jo abhi Lehmenn brothers collapse hua hai na…kyunki it was the major investor in the market for mortaging… and  other reasons as well. kyunki doosre banks ne refuse kiya uske saath kaam karne ko kyunki…kyunki uske business karne ka tarika bahut hi complex and  opaque tha and moreover usne housing loans diye they logon ko who bahut hi risky the. Kyunki jab interest rate badhta tha to borrowers could not repay lehman ..and this led to huge losses.

And the 62-year-old CEO of Lehman Richard Fuld( ulllu and gadha insaan) rejected many bids to save Lehman becoz he thought he wanted more price for the sale of the company…and was not satisfied what Barclays was paying…Because of this ullu jaisa lehman ka crisis many people lost their jobs… and US is facing crisis.

Also to add to it…Bank of America is buying  Merrill Lynch …

kitni bekaar cheez padhwayi tune mujhe…ek dum boring ..aur sun le…India ke bare mein bhi. Crisis in the US financial market will affect India’s real estate sector as well….as RBI has increased interest rates and also restricted the fund flow…RBI has put restriction on Indian banks too finance real estate company in the country..Aur additional info bhi le le..According to the sources….Google northern region mein  lease lene wala tha about lease of 5 lakh sq feet  for the office space..so usne bhi…apni reqiremnt 3 lakh sq feet  kar di hai..( kitni darpok hai google) …aur bhi..SAP jo ki  ek center gurgaon main kholne wali thi..usne apna idea postpone kar diya hai…( yeh bhi bahut hi darpok hai) ((hai bahgwan kya hoga is desh ka…))

Bas maine bahut padh liya…kuch zyada ho gaya..mujhe suffocatin hone lagi hai…

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Three Cheers to this lovely friend of mine, who managed to go through such boring articles and present such a wonderful simplistic description of the US problem. See this is what friendship does, makes a Finance guru out of a IT programmer (if I may call her so).

P.S. : All you finance gurus out there, who plan to blast of my friend’s article, just keep in mind that I have a sharp  Rampuri knife, just for you people. And if you think I won’t get to you, go ahead and post a caustic comment.

By the way, if you want an article by a finance guru, then TT Ram Mohan’s article is where you should head for.