PPP KINGDOM

PPP KINGDOM

GLOBALIZATION TENTACLES GROW LONGER: MAJOR BANKS SEEKING BANK LICENSES IN INDIA

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GOLDMAN SACHS

http://www.business-standard.com/india/news/goldman-sachs-seeks-banking-licence/89271/on

BANK OF NY MELLON

http://news.in.msn.com/business/article.aspx?cp-documentid=4641153

DOHA BANK

http://www.hindustantimes.com/Doha-Bank-seeks-licence-again-from-RBI/Article1-646359.aspx

ABN AMRO

http://online.wsj.com/article/SB10001424052702304432304576368514266578854.html

INDUSTRIAL AND COMMERCIAL BANK OF CHINA

http://www.business-standard.com/india/news/chinese-bank-gets-licence-for-mumbai-branch/136128/on

MANY OF THESE BANKS EXPANDING INTO INDIA HAD TO BE BAILED-OUT DURING THE CURRENT FINANCIAL CRISIS WITH TAXPAYER FUNDS. IS THE TAXPAYER GETTING SET UP AGAIN FOR A “TOO BIG TO FAIL” SCENARIO IN THE FUTURE? SOMETHING TO PONDER.

ALSO, IF THE BANKS ARE THE TENTACLES, WHO IS THE HEAD OF THE OCTOPUS?

Best Regards,

FINANCIAL WARRIOR

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