Wall St. renamed to Fall St.

Reporting from Wall St., lower Manhattan , Newyork City , USA. Does this sound any similar to you all??? Yes, the fall of Wall St. giants. The last time that we witnessed one such scenario was during the Great Economic Depression during 1929 and we are back again today in one such similar situation witnessing the Fall of Wall St.

"Good Risk is rewarded, imprudent risk is punished ", quote from a major financial advisor from Wall St. Unhealthy risks taken by Lehmann Brothers and Merill Lynch has finally handed them the situation they are currently into. Lehmann Brothers the fourth largest financial investments bank dealing with securities and realities have fallen and reported bankruptcy.They have busted to dust in no time. The major cause for this fall is the subprime mortgage mess triggered it, but the problem lies much deeper.

There is a big crack in the Wall, Is this end of socialized capitalism? Maybe but i guess the Federal Reserve will come all the way down to help all these institutions from to cause any more havoc to Wall St. More money is pumped into the market to handle the crisis.

Reason behind all these havoc is that Lehmann was strangled by a massive credit crisis and fast plummeting real estate prices.Wall Street analysts believe that it was the 'hubris' of Richard Fuld, the 62-year-old CEO of Lehman, who did not take the telltale signs of impending doom very seriously. Fuld, nicknamed The Gorilla for his foul temper, intimidating presence and tough talk, rejected many bids to save Lehman because he thought that the sinking giant was much bigger than Wall Street was giving it credit for, and wanted to get more price for the sale of the company.

Will we see the fall and rise of Wall St. once again ?? the answer to this is simple , we need to wait and watch how rest of the giants fare and keep their strategies tightened to grip in the coming days. We will see a decline in the US economy , maybe the real estate prices will see an all time low in the coming years. We will have better regulatory board who defines strict policies for banks affording mortgages and credit to customers. Will these cracks filled we could see the Fallen hero regain the Wall St. synonymous to influential financial market.