Wednesday, July 1, 2009

Indian Politician's Loan Rage

A Member of Parliament (MP - elected official) in India, has taken it upon himself to judge and punish a bank employee. On a lighter note, I wonder how long before we see elected members of congress and the senate to go after those who created the banking crisis in the same way. Maybe the fear of appearing on a youtube slap video would be a deterrent to many of the greedy gecko's and would make them think twice before starting any scheme which results in systemic risk.

This is no way for any politician to behave, but it happens routinely in India. Politicians think that they are a higher force and take it upon themselves to verbally and physically abuse normal ordinary people. A bunch of thugs, ("goondas" as they are locally called) usually accompany the politicians on their daily beat. This happens because they usually face no consequences from the party higher ups as evidenced here. The MP should be fired by the ruling party, but instead he is just asked to explain himself. He on the other hand, denies having assaulted the bank employee, though the video evidence speaks to the contrary.

I am sure the bank employee on the other hand was guilty of at most following the rules that were in place. Sadly, the employee's case against the politician will go nowhere, but the MP will be back at this again.

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