بِسْمِ اللّهِ الرَّحْمَنِ الرَّحِيمِ
The real-estate crisis exploded in America and engulfed mortgages, rendering debtors unable to pay their loans. Major banks and financial corporations either collapsed, or are on the verge of bankruptcy. Incited by attractive subsidy packages and public announcements of anticipated heavy profits, international banks and investment funds rushed to this sector. So, the collapse of American banks and financial establishments, globalised, spreading to the world. It is as if America sneezed, infecting the entire world, which has now caught its cold.
Some financial sector sources have estimated the …