OS PINGOS NOS IS – 27/07/2022

Through this article, the author tries to explore the background of one of the biggest financial failures in the world. Investors across the globe lost billions of dollars in this great financial trauma in the US. The banking system in the US was crippled down; thousands and thousands of people lost their jobs and their social status too. Let’s first examine the normal scenario in which the Wall Street firms like Lehman Brothers used to operate.

Automobile manufacturers are possibly the worst sufferers of the current market conditions. Over the past few years the automobile manufacturers have taken decisive actions to improve fuel economy and reducing emissions. However, under the present circumstances, it is a mammoth challenge for any automobile manufacturer to continue this drive. The lull in the economy has forced them to demand the certainty of a single national standard set by the federal US government.