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BW Article - Is this turmoil not going to end?

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nink
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WE 1: IB - Restructuring & Distressed M&A
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BW Article - Is this turmoil not going to end? [#permalink] BW Article - Is this turmoil not going to end?   24 Nov 2008, 14:42
https://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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domtri33
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Re: BW Article - Is this turmoil not going to end? [#permalink] BW Article - Is this turmoil not going to end?   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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ElleBee
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Re: BW Article - Is this turmoil not going to end? [#permalink] BW Article - Is this turmoil not going to end?   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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refurb
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Re: BW Article - Is this turmoil not going to end? [#permalink] BW Article - Is this turmoil not going to end?   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] BW Article - Is this turmoil not going to end?   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] BW Article - Is this turmoil not going to end?   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