VIKRAM PUNDIT A WILLING SACRIFICIAL LAMB -By DEVENDRA MAKKAR
VIKRAM PUNDIT A WILLING SACRIFICIAL LAMB
Hindus
are elated that a Hindu is now CEO of a biggest financial institution
Citi Group in the world. No one is admitting that Vikram Pundit is a
willing sacrificial lamb for people who want to save their necks after
doing biggest financial frauds in world history.
In
2005 when Pundit moved out of the organized culture of corruption at
Morgan Stanley; he gave an impression that he will create human &
honest standards in the industry. But that impression was very short
lived when in early 2007 he along with his other co-founders sold Old
Lane Partners company they founded to Citi for over $800 million.
Pundit accepted a job at Citi which was like a promotion from small
Mafia Morgan to a much bigger Mafia Citi.
One
can draw a parallel with Ramesh Chauhan of Parle India; who sold
himself to Coca Cola in 1993 in London for mere $60 million. He made a
statement if you can not fight them; it is better you join them. He
fought for 13 years to stop the entry of Coca Cola & Pepsi in
India; used to say we don’t need “Foreign
Expertise” to sell adulterated sweetened carbonated water to Indians.
Chauhan has proved right India does not need Foreign Expertise for Cola
his brand Thumps Up after 30 years is still the largest selling brand
in India. Coke’s market share of 62.5% is really 28% if one take out
Thumps Up from their stable, brand Coke initially tried to kill. Same
way Pundit sold his soul to Citi to live in a $17.5 million Penthouse
to promote Culture of Corruption in NY.
It
is very surprising Citi who recently sold its stake for $7.5 billion to
Abu Dhabi, is besieged with massive high double digit losses 20-30
Billions due to sub prime Loans & and another 30-40 billions due to
crafty debt derivatives, its share price down by 42% so far this year
has chosen Pundit over some well known names in the industry. These are
big challenges even for veteran CEO like Robert Rubin, Henry Paulson
let alone un-tested Pundit who has no experience in Citi’s core
business which is consumer Banking.
Vikram
Pundit is like a fire fighter with his back to the burning volcano
“Citi Group” who in Feb 2007 along with fellow Bankers told the
Congressional Committee every thing is all right with their Mortgage
business and lending practices. There is no need for politicians to
worry; those who can not pay their mortgages & are living beyond
their means should “become renters.”
When
Robbers realize there could be over 2 million Renters by 2008, came a
statement “Bankers are not Lawn Mowers”. Few novices in banking have
made “Pulse only loans” to people who should not have been given any
Loan in the first place. Government must bail out these victims the
poor home owners rather Bankers from mowing lawns.
Politicians
from both sides of the aisle especially Democrat controlled Congress
forced FED into action. FED agreed partially due to their own failure
to control & supervise big Corporations for their excessive greed
and fear of recession with mortgage meltdown. This can scare
international investors away from whole classes of US Debt and bring
complete chaos in securities & debt market. Bankers agreed to
freeze interest rate hike for 5 years for select borrowers and FED in
return agreed to help owners coned by Bankers by expanding the role of
Federal Housing, which insure mortgages for poor families. So far
35,000 houses have been refinanced under this initiative. FED also
agreed to new lending procedures by which banks can borrow from the FED
using some of their existing investments may be crafty debt derivates
based on sub prime loans as collateral. Ultimately it will be the
American public who has to eat up all the losses.
With
this deal Fed & Bankers have put an armored wall of secrecy on what
went wrong and who stole all the billions from investors & home
owners. This has reduced the collective-action problem and has created
a legal cover of leniency for scoundrels with outrageous & inhuman
pay packages & benefits. Some of them make over $17,0000.00 per
minute and say if you increase the Minimum Wages from $7.00 per hour to
$10.00 per hour it will create inflation while sipping wine costing
$25,000.00 a bottle with like wise friends saying “You are damn right
Pal”!
Government
is under the siege of Elite Club; Wall Street, Hollywood & Big
Media & Corporations are controlling the US Congress and all the 50
states of America. You don’t have to be a Rocket scientist to know that
first three sectors are majority & last sector to a big extent are
controlled by Organized Jewish Leadership not their community. They
don’t care for their own community; example is a Jew builder doing
massive permanent wholesale destruction to Environment in an all Jewish
town Springfield of New Jersey.
To
gain access to this Club people like Pundit has to prove their blind
loyalty and have to accept the culture of corruption institutionalized
by them. Vikram Pundit found no problem in doing that. As such Hindus
are famous for confusing their cowardliness with their love for Peace
& centuries old fascination for White skin. That is the reason they
were slaves for more than 300 years and now despite being 58-62% in
India they are living like 3rd Grade citizens where a minority Muslim, Sikh or Christian has more rights.
If
Pundit really believes in “Hinduism” the religion of his ancestors he
must tell the whole world what went wrong at Citi and who stole the
Billions. Pundit must understand Hinduism is not a religion it is Law
of life to serve the humanity in the glory to God.
We
the people of United States we are a nation of great diversity and are
known for eventually correcting flawed policies. If we can come out of
great depression of 1929, housing crash & run away
inflation of 1980’s, Tech Bust of 2000, Enron fiasco & terrorist
attack of 9/11; we will come out of this present financial mess in
housing, debt & securities market. This mess is a creation of Elite
Minority Club’s greed and certainly we the people the majority can
correct it. We must understand what our great founding President
George Washington said, “Government is not reason; is not eloquent; it
is force like fire, it is dangerous servant and fearful master.”
Amen. Merry Christmas.
Dave Makkar
Contact Details:davemakkar at yahoo.com
Post Date:12/21/2007 11:40:17 PM Validity:36500 Days