It seems this year will not be pleasant for many banks and financial institutions. Speculations shows that many banks and other financing companies will go bankrupt. More than 14 banks in UK are filing bankruptcy. One the major banks, Lloyds in London is filing for bankruptcy after it’s share price fell for more than 20%. The government is planning to buy 70% of its shares to rescue the bank. This is really scary, big banks are losing, people are jobless, others are starving…nothing seems to be on the right track. We just have to wait and see when this turmoil will be over.
We all have to be patient, and to thank GOD for what we’re enjoying now. At least we still have our homes and jobs.