You have quite a few creditors and you have very little money.You want to pay your biggest creditor to escape his grip on you.You decide to pay him and announce it publicly.What will happen? Other creditors will be peeved and spread the word around.When you look for new creditors(investors), they are not to be found. This what us individuals who have credit will think.Not giant finance companies. Strange is the observation that Govt. should have started selling its stakes,it is akin to asking your creditor to pass on your credit to him to somebody else . Juxtapose this with cooking books in US and Abu Dhabi.
Tag: citibank
Touching memo,but syrupy corporate mumbojumbo.Serving customers for their needs sound altruistic.But do they really do it, with hidden financial charges and heavy penal interests for delayed payment?.Nor does the memo say any where that the Bank shall follow sound financial practice of lending to those who are in need and also who are capable of repaying.Emphasis seems to be more on catching with competitors than with sound financial management..What about the perks of their executives?Are they going to follow Goldman Sachs with bonuses? They should be penalized for having mismanaged to the extent of making the Federal govt. loan Citi to tide over their incompetency, though they have made arrangements to repay.. Time that these corporates are made accountable.Mere expression of gratitude will not suffice.
Thirty global financial institutions make up a list that regulators are earmarking for cross-border supervision exercises, according to the Financial Times. List includes: Insurance companies – Axa, Aegon, Allianz, Aviva, Zurich and Swiss Re – which sit alongside 24 banks from the UK, continental Europe, North America and Japan. Banks: Goldman Sachs, JPMorgan Chase, Morgan … Continue reading Imternational Financial Institutions on Watch List?
now Obama knows nothing is going to come from them he can press for tougher reforms with out qualms,if any...
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