Discussion in 'Stock Market' started by DavidS, Jan 8, 2009.
Satyam crashes again as investors dump shares - MarketWatch
Uh, I should care why?
Lots of companies are having it rough, even when they are healthy. The finance sector is not doing at all well right now.
This looks like a fraud, Like Freddie Mac and Fannie Mae. People are all rushing to the door before it closes on them. Sucks to be the last one out the door.
You should care a GREAT DEAL. This is going to have a major detrimental effect on many large Amercian firms due to loss of IT talent as these Indian tech guy get lost in their own economy for some time and we can round them all back up.
Projects are going to cave in, major things YOU depend on in doing basic business are going to fail. Banks are a huge consumer of this talent so this will further agitate credit markets as new applications will now NOT be delivered.
One thing the idiots of the forum needs to remember. We don't outsource IT talent any more to cut costs. We outsource because our dumbass kids are too lazy to take engineering and computer science in College and instead take BRAIN MUSH CRAP no one cares about.
Our colleges basically graduate punks who can't find their asses with both hands.
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