“The age of reason has ended, and now we must organise around chaos.” – Watts Wacker. Collapse of various Wall Street firms, one after another has shaken the economy completely. The series of events happening at Wall Street has not only affected the US economy but has a global impact. In this article an attempt has been made to analyse the causes for the downfall of various firms and see how it impacts the global economy.
Global Journal of Business Management Vol. 3 No. 1, June 2009