Timeline: Global credit crunch - BBC

BBC has come up with a great time line of how the Global recession started. This is something interesting to read.

http://news.bbc.co.uk/2/hi/business/7521250.stm

There are various question arising out of this.

Are we(India) so dependent on the US of A or any other developed countries?
Where has all the money gone?
Who is keeping all that cash?
How does a Country Treasury Bail out huge loss making public Private sectors ?
Where does the government get those money from?

Many to answer..... only time will tell

I hope that everything go well & every one is happy

Update:

Some more on Global credit Crunch. Loved the presentation

http://thewiredjester.co.uk/2009/02/26/voodoo-economics-the-credit-crunch-explained/