Our life reflects the way we see this world”.
The one incident that happened to me which changed the way I look at the world was not one single isolated event, but a series of cascading events that changed our lives.
The year was 2008 when I was a final year MBA student eagerly waiting to get placed .The feeling of just about to get placed and become independent was overwhelming. All my batch mates were pretty much excited about the placement season which was about to begin. We were all busy working hard to get placed.
In all our endeavours and dreams towards which we were striving here in India, there was a different series of events unfolding in USA which in my wildest of dreams I never dreamt would change all our lives.
On 2 September 2008, one of the largest investment banks of the world “The Lehman brothers” got bankrupt owing to US subprime mortgage crisis. The subsequent effects in USA and its ripple effects in other parts of the world lead to the second largest recession in the world after the 1940 crisis.
In our campus we were just trying to understand the whole phenomenon of subprime crisis and Lehman brothers collapse ,so that we could answer to the interviewer about it when the companies came for the placements, however they never came , and we later realised that US subprime market crisis and subsequent Lehman collapse has plunged the world into Recession and so no JOBS.
We were caught in an event that takes place once in hundred years Recession
The pressure to repay back the loan that I had taken for my studies with no jobs around was sinking my heart and i realised one very important thing that i had read only in books but never understood –GLOBALIZATION
“A bugger in the USA does not pay his home loan and I do not get a job in India”
This was my subprime crisis (of not being able to pay my education loan) and my Recession.
I knew I was not a big investment bank who will get a bailout from the government I myself will have to bail me out from this situation
This was the event that changed the way I looked at the world
