means handing over all the hard earned money of Indians to the western banks. Overnight India can be paupersied. British took two centuries to suck India's wealth. Bnaks can do it in a few hours.
RE:Watch out- reforms in banks, insurance, pension
by Kris on Jul 20, 2008 04:52 PM Permalink
Does America allow foreign banks? Name one country which allows foreign banks? There are just couple of ICICI branches in US that too only when they bought billions of subprime loan which became zero.
I say yank even 26% foreign equity from Indian banks. India does not need 'expertise' of US banks.
US banks are ALL INSOLVENT--all of them. They need trillions of dollars of bail out. You want Indian banks to become like that?
RE:Watch out- reforms in banks, insurance, pension
by praful nikam on Jul 20, 2008 07:57 PM Permalink
I dont know why reforms word hearing all got afraied,,,,,,,,,, who see other national does not allowed foregin banks, how SBI got lot of Branches all over world.......... Left is lot afraid of Reforms they wann to be in darklight and happy in poverity....
RE:Watch out- reforms in banks, insurance, pension
by king kong on Jul 20, 2008 04:44 PM Permalink
'And I sincerely believe with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.'- Thomas Jefferson
