Skip to main content

Posts

Showing posts with the label banking

Higher the call, so is the fall!

Man On The Run ( Documentary, Netflix;  2023) Director:   Cassius Michael Kim We all know the drill. We have heard it all before. The Government started a novel project selling government bonds to buy oil fields in Central Asia. With the returns, the Government, via its subsidiary, 1MDB, would pour money into the country, which would help improve the living conditions of its citizens. The trouble was that the same who applied for the money from the Government approved the loan, executed the loan, received the loan and received the returns were all the same person. Najib Razak is the 1MDB Chairman, Minister of Finance and the honourable Prime Minister of Malaysia. And there were no oilfields that were bought. Still, the whole exercise saw many people making loads of money, enjoying obscenely decadent parties, and the Malaysian taxpayers paying exorbitant amounts of money as interest to international players. Even though the local journalists kept crying foul and were brave to p...

Of integrity, coinage and inner devil of Man.

Naanayam (நாணயம்,   Tamil; Integrity/Coin, 2005) It is ironic the very thing that makes one loses his integrity bears the very same name that gives confidence. In the Tamil language, நாணயம் (Naanayam - the title of the movie), could indicate either integrity or coins as well as currency. The root word tells it all; coin/currency works based on trust. Once someone loses his trust in the economy of a, say banana republic, its whole financial institution collapses. There is no problem that a little moolah cannot solve, they say. In a Tamil saying, it is mentioned that even a corpse would open its mouth at the mention of money. There is no stronger bond than the love for money. Even motherly love can be bought over. At the same time, money unleashes all the evil feelings that have been suppressed over the million years of our civilisation and the code of conduct that evolved from it. At the sight or suggestion of easy money, all integrity goes out of the window. When wealth is sma...