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BW Article - Is this turmoil not going to end?

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SVP
SVP
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Status: Burning mid-night oil....daily
Joined: 07 Nov 2008
Posts: 2400

Kudos [?]: 746 [0], given: 548

Schools: Yale SOM 2011 Alum, Kellogg, Booth, Tuck
WE 1: IB - Restructuring & Distressed M&A
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BW Article - Is this turmoil not going to end? [#permalink]

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New post 24 Nov 2008, 14:42
http://www.businessweek.com/magazine/co ... op+stories

If this article is true and the govt does nothing about it, do you think there is a good chance that this recession will be still around 2011 and beyond? (estimated time table when most of us will be done w MBA)
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Kudos [?]: 746 [0], given: 548

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Joined: 09 Nov 2008
Posts: 216

Kudos [?]: 29 [0], given: 2

Location: Evanston, IL
Schools: Kellogg '11 (MMM)
Re: BW Article - Is this turmoil not going to end? [#permalink]

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New post 24 Nov 2008, 14:50
"Over the next four years, it became one of the country's largest subprime lenders, with 750 branches and 5,000 brokers across the U.S. Cugno, now 59, took home millions of dollars and rewarded top salesmen with Caribbean cruises and shiny Hummers.."

Maybe this is the solution to GM's problems!! :-D

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Joined: 16 Jul 2008
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Schools: Duke
Re: BW Article - Is this turmoil not going to end? [#permalink]

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New post 24 Nov 2008, 14:56
Ugh, I'm glad I'm not applying until next year (and then not graduating until 2012)...good luck to you all.
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Schools: Tuck
Re: BW Article - Is this turmoil not going to end? [#permalink]

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New post 24 Nov 2008, 20:07
No one can predict the future.

I think the chance of the economy being anything better than "OK" by 2011 is pretty low.

It's like investing, don't try and time the market. Find what has value and buy it (or in the case of an MBA, do it) no matter what the market looks like.

RF
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Re: BW Article - Is this turmoil not going to end? [#permalink]

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New post 25 Nov 2008, 08:18
It will take some time.Hopefully will recover by 2011.

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Re: BW Article - Is this turmoil not going to end? [#permalink]

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New post 25 Nov 2008, 09:01
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Re: BW Article - Is this turmoil not going to end?   [#permalink] 25 Nov 2008, 09:01
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