As it is becoming clear, banks are being bailed out by governments.
And governments bail out banks simply because banks use the money of its citizens.
A bank just does not have enough of its own funds, but is more of wheeler-dealer, now this operation is called treasury; the bank actually plays with its deposits and credits.
As credits of the bank are nothing but the deposits of the people in effect the money of the people. The bank is the dealer(as in wheeler-dealer), now called intermediary.
And there will come a time when a thief shall be called a borrower.
coming back..., governments are set up to protect and safeguards its citizens/ people, so if these citizens are harmed in any manner economical or physical, the governments can be sure that in the next election these citizens will keep them out.
So the governments interest is the citizens interest and this is served by bank bailouts.
The key point is the bankers are the ones getting the free lunch.
The bankers manage business and they do fine and if they do mismanage business they are still fine.
I am sure somebody pays.
Someone is being short-changed.
A moot point is, why was there no Enron or Tyco bail out, but there is a bank bail out by the government.
Tuesday, April 22, 2008
peanuts
peanuts, that what you get when you travel by air in the US.
Maybe what the folks here need is some education in Indian hospitality.
We have a number of airlines now doing the same in India too, a pointer if you give peanuts you will get peanuts. How much does food really cost for an airline?
I doubt it would be more than 10 dollars here in the US and in India not more than 3 dollars.
Maybe it is the serving cost, well maybe it is, then we need to do away with the flight attendants, and not the food.
Or rather the only duty of a flight attendant is service, if you take away the service what need is there of the server.
Maybe what the folks here need is some education in Indian hospitality.
We have a number of airlines now doing the same in India too, a pointer if you give peanuts you will get peanuts. How much does food really cost for an airline?
I doubt it would be more than 10 dollars here in the US and in India not more than 3 dollars.
Maybe it is the serving cost, well maybe it is, then we need to do away with the flight attendants, and not the food.
Or rather the only duty of a flight attendant is service, if you take away the service what need is there of the server.
SSSS
If you ever take an e-ticket in the US, and happen to be stuck with an SSSS imprint on it.
Beware, it means added security clearance needed.
On one of these trips, I ended up with an SSSS tag on my eticket.
And why, well because the airline felt that I need to have added security clearance before I got checked in.
And how did the airline come to this decision, actually I don't know, all I forwarded was my credit card at the electronic machine.
Maybe it reckoned my Credit Card was Indian, which would have been out of the norm compared to the several other swipes it had taken of other credit cards and felt I needed added security clearance.
My point, don't make a machine do a humans job.
I am just wondering how does a computer differentiate a patron from a security risk, it however does identify a shift from the norm but it is still incapable of calling a shift from the norm a security risk.
Beware, it means added security clearance needed.
On one of these trips, I ended up with an SSSS tag on my eticket.
And why, well because the airline felt that I need to have added security clearance before I got checked in.
And how did the airline come to this decision, actually I don't know, all I forwarded was my credit card at the electronic machine.
Maybe it reckoned my Credit Card was Indian, which would have been out of the norm compared to the several other swipes it had taken of other credit cards and felt I needed added security clearance.
My point, don't make a machine do a humans job.
I am just wondering how does a computer differentiate a patron from a security risk, it however does identify a shift from the norm but it is still incapable of calling a shift from the norm a security risk.
Friday, April 11, 2008
sockets and switches
I just happen to notice, electrical sockets in USA do not come with switches. However back in India, every electrical socket come with a switch to allow current to flow from the socket.
Maybe we Indian like to be better safe than mistaken.
Maybe we Indian like to be better safe than mistaken.
Subscribe to:
Comments (Atom)