a fairly accurate article in NYT on how indian banks managed /were forced to avoid the financial meltdown:
http://www.nytimes.com/2008/12/20/business/20nocera.html?_r=1&scp=1&sq=Joe%20Nocera%20on%20Indian%20Banks&st=cse -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.

