We Pay for our own Greed

The ongoing Economic Crisis, Inflation, Stock Market crash and the turmoil in the Wall Street has broken the Backbone of many Investors like me back home. The question that is haunting me.. 'Am I Paying for my Greed....??'

Back then, a couple of years ago, our own 'Visonary' Capitalist Reliance came up with a huge 3 Billion Dollar IPO. It got oversubscribed to the max. FII's, QIB's, Retail Investors, Mom and Pop shops, you name an X - subscribed for the IPO. When these Foreign Investors were playing big in the field we were Cheer leading for them. We were thinking that India is Growing, we are the best Developing Economy, there is no looking back and all Bull$hit.

Question:
Had there been a Red Tape, FII's are not allowed to Invest in Primary Markets, would there been a sufficient Subscription for Reliance at all...??

Answer:
A simple 2 letter 'No'. Though we have enough money, we do not have enough confidence to raise 3 Billion. Domestic Investors would not have fulfilled "Mere Baap ka sapna.."

What happened now..??
Dollar is 49/- now. Lame question - How is it related in the current context...??

FII's withdrew their Investments. Dollars are going out of the country and that is the reason for the spike in Exchange Rate. They sold all those Reliance shares which are not worth more than a Toilet paper now in the Secondary Market to all of us and took their return flights.

Greed Blinds Wisdom and We pay for own Greed.