What is the reason of fortune 500 company are going for bankrupt?

India
October 11, 2008 3:41am CST
I had a question last night, Why the big giant company listed in fortune 500 are decalre bankrupt? If this is the case, then in whom we put trust and deposit the money? Is our world economy is not that much mature to handle the cash flow?
1 person likes this
2 responses
@clarkmy (428)
• China
11 Oct 08
hii,friend, now,there is running away from the current global economic downturn, so many big companies including 500 fortune such the most wealthy sponser can't escape the economic crisis,yesterday reported that government have bialout the bank to help the money .this is maybe a bad method but nothing is a useful way. all of the world are ready forthe channenge on the bright side, this is just a economic storm not a crisis, at this moment,there is no sign yet of rising retrenchment ,it is because of the verious measures they have put in place so far.however,as the downturn continues,thay,can expect realistically that the retrenchment may pick up. about the what is real reason with the crisis ,god knows,i don't know,even the average people suffer from it ,such our money put in bank ,and what a guranteen about our money , i think it is the time that put to the test for goverment.and goverment should guarantee our wages will not go down.
1 person likes this
• India
11 Oct 08
Dont know, how long this downturn goes, Hope we all recover very soon.
@tess1960 (2386)
• United States
11 Oct 08
I blame it on the auditors. In many companies the auditors were allowing the boo,ks to be tampered with in order for companies to make it look like they were doing well and for the higher bigwig typoes to get bigger bonuses. a scam like this will always show up eventually and in many of the banking firms and mortgage companies it finally did. We should not distrust all banks because of a few that had greedy people. I would not be involved with exchanging stocks right now though.
1 person likes this
• India
11 Oct 08
Some what you are true, my friend, we definatly blam on auditors. But ultimate we (common man) suffer from money crisis.