Not a joke anymore
It sounded like a joke back then.
The girlfriend is a proud naturalized American citizen for most of her adult life. America is where she made her life. America is where she raised her children. America is her life.
Then came the first rumblings of the financial meltdown in the last months of last year. The girlfriend spent one sleepless night thinking where to park her life savings. By the morning, she cleared out her savings with US banks and migrated everything to the State Bank of India. Now she can sleep nights again, she declared.
We all thought it was such a joke.
Now, the State Bank of India is more valuable than the Citigroup. And there is no end in sight of the ongoing financial carnage with the US banking institutions yet.
Now, the girlfriend's decision seemed so visionary and sound.
Now, the girlfriend's decision is neither flighty nor funny and definitely not a joke anymore.
5 comments:
STate Bank of India. Who would have thought of that? And I think everyone is surprised by how badly hit Citibank is.
against my 'worse' judgment, i followed my gut instinct and cleared out everything from citibank last sept. :) i split and parked it back home and uae. i also took a hard look at south america. i didn't even think of india! i must take a closer look at india.
no bank is safer than home! as in under your pillow. haha.
wow, your girlfriend has good foresight
wildgoose - not over yet. citi still hemorrhaging money!
imp - no one thinks of india. only my gf who is indian!
edpj - aiyoh, if come to that all that paper might as well be used for something else.
suziewong - she is originally from india. SBI is her comfort zone after all.
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