Thatz Why We Need Strong Regulations

Okay, so why are Indian companies in trouble in spite of Palaniappan Chidambaram’s ironclad assurances that Indian markets are so well-regulated that we are insulated from the crisis?

It is because our financial sector is so well-regulated that we do not have a decent corporate bond market.  So, Indian companies that wish to borrow end up borrowing in foreign currency from global markets. In other words, we have regulated our financial markets so well that we are more tightly coupled with the evil deregulated financial markets than we should have been.

The solution, of course, is more regulation. It always is.

Crying Up and Down

The last two posts by the Jagadguru are a pleasure to read  imbibe*:

 Before some media sucker starts crying up and down, I just want to educate such fools that they have only mentioned the publication where such a study was reported and it is different from the scientific publication where such a study was published in the first place. If you have trouble even recognizing this, go swear at your parents for not offering you a good education and don’t whine here. (source)

Only in India such blatant racism can get away with support from the so called “educated” people. It needs to be condemned strongly. Shameful and Disgusting.(source)

*I can do one better than Nilu