Tag: Credit Crisis

Warren Buffet – An Investor turns Moneylender

Posted on by kalidas

No one questions Warren Buffet. He is next only to Lord Jesus that the people begin to believe. However, he too is not infallible. He is human and makes mistakes. The wuthor critically examines how venerable Warren Buffet was taken for a ride by a few opportunists in the Fed and Treasury, and how did he compromise on the security aspects of his massive $ 8 billion of investment in Goldman Sachs and General Electric. The edge is cathing on Mr. Buffet. He is 78 and want to see the return in short term before he gets the final call. In this anxiety, he has begun to make a few mistakes. They are costly ones. Read more…..

A Decisive President thoroughly Wasted – George W Bush

Posted on by Anil Selarka

One of the most devastating article from the pen of Anil Selarka (Kalidas). The author critically evaluates the performance of George W Bush, the President of United States, with only 3 more days to go. He compliments Bush for his decisiveness and unwavering mind, but also admonishes him for relying too much on his coterie of advisers who misguided him all the time during his 8 years of Presidency. “While engaging in war of Iraq, Afghanistan and rest of Middle East, the President Bush almost forgot the map of United States” the author exclaims. He could have been a wonderful leader but he lost all opportunities. The author considers that he was highly influenced by his ex-President father George Henry Bush and his legacy of advisers Cheney and Rumsfeld. How he erred, where he misfired, where he excelled and how his overall performance was de rated is clearly explained by the author. Read more….

Robbers on the Loot

Posted on by Anil Selarka

The author examines the role of the FED, Treasury, Senate and the President in denying paltry $34 billions of loan package to US Automakers, viz. GM, Ford and Chrysler and save 3 Million jobs while liberally giving $410 billions in loans and guarantees to Citigroup who fired 75,000 employees. Is FED creating unemployment? It would cost otherwise $200 billions by not helping the Automaker due to massive rise in unemployment allowance by $200 Billions combined with lost taxes. Is it real stupidity or does it point to corruption in high places. FED distributed over $ 2trillion dollars in last 2 months in non transparent operation. Something is wrong somewhere.

Helping Indian Industrialists, Mr. Prime Minister

Posted on by Anil Selarka

The Author applauds India’s top Industrialists – Ratan Tata and K M Birla. They became victims of the credit crunch that severely dented viability of their overseas acquisitions such as Corus, and Jaguar (in UK by Tata) and Novelis (by Birla). The author appeals to the Prime Minister and Finance Minister of India to help these great industrialists from India’s FOREX reserves of $300 billions and save these vital groups from dire distress. India’s forex reserve should be used for Indians first and others later, the Author argues.

Ignored Letter to the President Bush Causes $15 Trillion Blow Out

Posted on by Anil Selarka

The Author reproduces the letter addressed to the President Bush proposing resolution of credit crisis with complete action plan. The letter was received by White House on 25 August, 2008, almost 2 months and 1 week before the present impasse. It was not attended to with the result the crisis developed at unprecedented pace from 2nd week of September, throwing entire Nation and the World into most horrific financial crisis. While the President had time to go to G7 meeting, he did not have time to at least look at the solution recommended at his doorstep by this author. And the result is known now – $40 trillions lost world over in last 2 months (including $15 to $20 trillions in US alone) and the crisis is not even showing sign of abating – in fact it is worsening. 2 months of golden opportunity was thrown away by the President of United States who never had any idea what to do, when, how and resolve it as fast as he could. He believed merely on rhetoric and trusted his advisers who let him down everywhere.

India’s ON and OFF Policy

Posted on by Anil Selarka

The author analyzes the reasons for indida’s ailment, its misguided rupee policy, how weaker rupee hurts the economy and foreign investment, damaging measures taken by SEBI, RBI, Finance Ministry in hurting the rupee and their own economy. One of the finest essay on the Indian economy.

Retiring President’s Parting Gift to Paulson

Posted on by Anil Selarka

This article is written just after tentative agreement reached between Congress and the President. It squarely deals with the potential fall out in the market and the streets. it also shows how irresponsibly a person like Paulson having 36 days of political life (unless renewed) to spend $700 billion by legalizing the illegal and parallel economy created by the banks and brokers

Paulson’s Poison Pill – Cost $700 Billions

Posted on by Anil Selarka

The author thoroughly invesigates the Paulson’s game plan that seeks to blow up $700 billions of American Tax payers. The author informs that taxpayers may lose $700 billions overnight to finance the securities having zero value. He also asks why American taxpayers should pay for the obligations of off-shore obligations of some American corporations? A master piece and very informative that answers many questions in the minds of today’s intellegentia and common men alike.