SEBI gone EXOTIC!!!

SEBI = Speculative Endeavors Broadening Initiative



Reference:

Now, exotic derivatives in the works

So where does the problem lie? ... Honor v. State Craft

HONOR: Fighting in battle, [the king] should not kill his enemies with weapons that are concealed, barbed, or smeared with poison or whose points blaze with fire. (see Laws of Manu Chapter VII, Verse 90).

STATE CRAFT: Use of poison, spies, spread of discord, lies and economic sabotage is justified (see Kautilya, who judged the means by the result, a result he sought for the general good of his kingdom .. or was it so? for the Kingdom or for the Kingdom?).

Such is the difference between an honorable and a pragmatic approach. Pragmatism has replaced courage, self-interest has taken the place of sacrifice and honor is now a term only in dictionaries. And rightly so has the usage of pragmatic as meaning "officious; meddlesome; interfering" and "dogmatic; opinionated" been forgotten and become archaic. (see pragmatic definition |Dictionary.com)

One often wonders whether there is an actual problem to begin with or is this just a global take on large scale corporate restructuring in the garb of a global crisis resulting in laying-off of workers employed by corporations who one fine morning realized that their plans of the past had all gone wrong and that they could not sustain their swelling profits to swell any longer and thus are now "being forced" to dispense with human capital like non-living matter.

Wrong assessments galore ... ?

Finance Minister, Prime Minister and RBI Governor. Educated in Oxford, Cambridge and the like. Even Krugman could be wrong despite the Nobel prize. (When Krugman spoke of closing weak banks in India)

Economics is the most dangerous two edged sword wielded by nations and international bodies alike. Personal gains are the only aim; besides the sincere effort to make the present effort look better than the previous solution. (... Meet the new boss, Same as the old boss ...)

Is there a perfect solution or are we to be hung by the very governments that we create? Are these very governments going to tax us (just because we voted for them) and serve the interests of those who have retrenched us?

The the taxpayers' money is being risked on salvaging private interests of corporates (see Effort to halt financial crisis costs governments two trillion pounds, "... the huge cost to taxpayers of bailing out the financial system is likely to be felt for many years -and possibly decades - into the future") while corporations effortlessly evade being taxed by the governments that rescue them (see UK Banks Should Shut Tax Haven Units, Cable Says (Update1)), just because those corporations fund our political system and political parties in it. It seems like quid pro quo for election and kick-back money as distinguishable from tax we pay to the government for services it would or might render us, that is not to be quid pro quo. Is it fair? Is it just? Is it honorable? Or just state craft?

It's not enough ...

Not Enough Money in the World: The Real Monster in the Meltdown Closet

RBI's Rs 20000-cr package not enough, say mutual funds

Reforms are not enough anymore, Hungary needs stabilisation too ...

Brown urges more global reforms - bank stabilization "not enough"

Structural changes not enough to solve SANS problems: BND

Europe' Bank Bailout: Is It Enough?


Well said by The Who in their album Endless Wire

It's not enough
Whatever you give

A little bit more
You always need
A little more man
A little more seed

It's not enough
It's not enough
Whatever I give
It's never enough

I gave you cash
I gave you love
All that I heard
Was "It's Not Enough"

I work so hard
It gets so tough
Whatever I give
Never feels like enough
It's not enough
It's not enough
Whatever I give
It's never enough

When I'm on my knees
I keep taking your stuff
Make sure that you know
It's never enough

You said you'd go as far
As to turn to my friend
Who once warned me of you
Said you'd hasten my end
Because I have lent
Every ounce of my juice
My essence is spent

You'll always want
A little more pink
I'll always need
A little more ink

It's not enough
It's not enough
Whatever I give
It's never enough

However I praise
However I puff
Though you may smile
It won't be enough

Right at the end
When I start to bluff
An' the lift's going down
An' I start acting tough

It's not enough
It's not enough
Whatever I give
It's never enough

I'll find someone else
To finish filling me up
I'll smile and admit
You were never quite enough

Like Brigitte Bardot
In Godard's Les Mepris
I can't love you enough
To make you complete
You appear in my dreams
With some new courtier
You need me there to see
What you need to convey

It's not enough
It's not enough
Whatever I give
It'll never be enough

No hysterical scene
You will never play rough
I'm the one who will scream
But it won't be enough

It's never enough
It's never enough

It's not enough
It's not enough
Whatever I give
It'll never be enough

I'll never hold you
How can I scold you?

It's not enough
It's not enough
Whatever I give
It'll never be enough