Our Reserve bank is a govt owned institution, unlike the US federal reserve which is a private initiative. Just imagine if our Reserve bank was private owned.
RE:RE:RE:U S rate cut
by Gautam Sinha on Feb 01, 2008 09:04 PM Permalink
Read the news of last few days. When FM asked RBI what it was doing to protect consumer rights, RBI said its business it to ensure solvency of banks not customers interests. If this is the attitude of guardians appointed by govt, imagine what would happen if it was private owned? Vested interests would rule India fully.
RE:U S rate cut
by Yogesh Patel on Feb 07, 2008 01:38 AM Permalink
Dummy US federal reserve is not privately owned. Its US Government. Federal in US means Federal Government like Central Gov. in India. You dummies talk about USA but dont know a jackshit.
