The game has began with President Obama declaring a budget with huge deficit. President Obama is walking on a thin rope and I wish him all the best to him.
My simple statement is: Things are too much confused...The risk has gone to government. The bankers are back to huge bonus days. So, who suffered at the end of the day? The public is still suffering with unemployment and high inflation may add up if government is forced to pay higher interest on the bonds. High interest will led to higher unemployment and ...
The government should force banks to pay a levy or extra tax because government has been forced to save these banks. The government must not use public money to save these banks but it should use money from a separate fund collected through new tax.
RBI is indeed smarter the way it has controlled Indian banking system. It has beautifully balanced growth with safety. And It has forced banks and bankers to forget one word which is root of all financial chaos - 'Banker Greed'
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