Take The Money And Run

Following a straight path it is difficult to make a few single digit crores. I think it is high time our universities started offering B.Con and M.Con in the Art of Conology with various specializations in areas like rigging stock markets headed by the likes of Prof. Harshad Mehta, corporate cheating by Prof. Vijay Mallya, Nirav Modi etc, amassing wealth via religion by Prof. Ram Rahim etc

 

Dear Balaji,
We need not lament about the borrowers, bankers or the rulers.After all remember ,they are literary stalwarts, who have read, studied and understood Shakespeare more than anyone else.

“If thou wilt lend this money…lend it rather to thine enemy, who, if he break, thou mayst with better face exact the penalty.”
—Antonio, Merchant of Venice, Act 1 Scene 3

Whether Shakespeare has enabled readers to acquire literary appreciation or not, he has definitely helped top bankers
to understand and appreciate the real business knack behind the banking industry, the skill of ' lending' to the notable worthy ones.
The second line is an indirect message to the rulers and
administrators .
He has indirectly spread the wisdom of bringing in those mighty brainees into a part of the globe from where the deportation
is a sheer impossibility.There is no necessity to'face' the borrower.His face is hidden in a far away land.What a clever interpretation of the bard's verse!
Normally we have read many critical interpretations of Shakespeare's characters.Now we find that his advice
is best interpreted and utilised in the interest of lenders, the mighty borrowers, and rulers, and creators of TV serials with characters
crowded with criminal thoughts.
Don't worry about common man.He is going to dust anyway.
What a great philosophy!
Hereafter don't write pages and pages about Bank Scam. Feel happy and proud they are true custodians of Shakespearean literature in letter and spirit.Is it not a blessing?
Long Live Shakespeare!
jayasala42

 

You could not have put it better. With such huge runaways with all the bank wealth, no wonder Governments have to break their heads into means to salvage the banks, and they had thought out the Bank Bail -in clause etc to add to the misery of the Customers. Yes, people are no longer safe parking their hard earned money in Banks - God alone knows where the solution lies for the common man with no insight into all the other various financial investment strategies!

 

Cheating is a skill perfected overtime by taking advantage of legal loopholes and help of the decision makers. It is as old as prostitution. Both cheating and prostitution have flourished and survived with or without rulers' consent. There laws to plug the loopholes in laws and the process goes on. Some of the loopholes are kept to favor some.
I remember when our company was going through bad times and was unable to pay interest on loans taken from the bank, the bank employees helped by advancing another loan for payment of the overdue interest. He might have been promoted for double whammy for the bank. Recovery of the overdue loan and increase in money advanced as loan. Both targets achieved.
This is basically a systematic failure and Modi will learn it hard way to understand that eradicating corruption is next to impossible.

 

Banks hesitate to lend to ladies fearing we will not repay the EMIs.. They will try to get as much collaterals and time to process such loans. Statistically its proven that MEN are looting the Banks through huge amount of Loans. Its time Banks should focus only on providing loans to women and encourage women in setting up enterprises, small business etc without seeking any collaterals. We usually do not immediately run away.. and stay back to pay the dues.

 

Each day , with each scam , the figures are getting more and more digits to count : units, tens, hundreds, thousands .......beyond seven or eight digits, head goes reeeeeeeeeeling.

Its always possible only with Bank officials colluding to create these Robber Kings . When banks ask for our KYC , we should demand their KYS ( Know your staff )