Panic withdrawal, savings squeeze reduce banking liquidity

[Bilal9]

I wonder why she needs to steal so much money that she cannot probably stash in many foreign banks.

She needs no money but she wants to destroy the economic future of the country. It is because of brainwashing by the RAW, BD itself is a country whose people killed her entire family.

She wants to take revenge for the 1975 killing on the people of BD. She needs psychological treatment.

Whatever she can steal and stash away now - is insurance for coming back by another dhoka midnight election.

One needs money to mobilize the cadre and "buy" votes and election commission people and also hundreds of millions to pass off to India to her BJP Hindutva sponsors for running Bangladesh under BJP support and eventual akhand Bharat implementation.

The more she can steal, the better her chances (or her AL successors' chances) of coming back to loot even more.

 

[BananaRepublicUK]

Whatever she can steal and stash away now - is insurance for coming back by another dhoka midnight election.

One needs money to mobilize the cadre and "buy" votes and election commission people and also to pass off to India to her BJP Hindutva sponsors.

The more she can steal, the better her chances (or her AL successors' chances) of coming back to loot even more.

Hasina will be the last PM from Mujib’s blood line.

Family dynasties are not sustainable for more than 60 years.

Look at what happened to the Nehru bloodline.

Bush dynasty.

Kennedy dynasty.

They all had 50-60 years at the top.

Hasina is an extraordinary survivor. She is unique. Her sister is a pigmy in comparison.

 

[Species]

The government continues pumping money to bail out banks, experts are now suggesting to let some banks to fail.

 

[BananaRepublicUK]

The government continues pumping money to bail out banks, experts are now suggesting to let some banks to fail.

These “experts” are idiots!

You cannot let even one bank fail - it will destabilise the entire system.

Some could be merged with state banks, though. It’s an indirect way of winding up existing governance and ownership.

 

[mb444]

There is no run on any bank. No one is panicking that their savings are not safe. There has never been any run on any banks in the history of BD except in 1971 when pakistan stole all the deposits of BD savers.

However ppl in BD deposits savings with the expectation to live off the savings income. Interest rates for these savings instument are fixed for a period of time. With high inflation the interest income buys less and people are hurting because of this.

 

[BananaRepublicUK]

There is no run on any bank. No one is panicking that their savings are not safe. There has never been any run on any banks in the history of BD except in 1971 when pakistan stole all the deposits of BD savers.

However ppl in BD deposits savings with the expectation to live off the savings income. Interest rates for these savings instument are fixed for a period of time. With high inflation the interest income buys less and people are hurting because of this.

@Nergal

 

[Imran Khan]

 

[BananaRepublicUK]

Pakistan will default once more whilst Bangladeshi exports sky rocketed this year.

Bangladesh is booming!

 

[bluesky]

Please understand that our Hasina does not make mistakes. She just does not want non-BAL people to do businesses. With the help of cronies she failed the banks and now want to keep hold on them by taking over those banks.

 

[Bilal9]

Please understand that our Hasina does not make mistakes. She just does not want non-BAL people to do businesses. With the help of cronies she failed the banks and now want to keep hold on them by taking over those banks.

If the Crony Capitalism Index was calculated again right now by the Economist, it would probably reveal that Bangladesh is currently at the top.

In 2016, India was measured at number nine in that Index, today they'd be at the top three. Crony Capitalism Index is connected with the corruption perception index, which is below.

India's rating in general corruption may be low a shown below (due to 'Indian expert bias' ) however their crony capitalism is severely high due to all the Seth's (Adani et al) being Modi's friends and financiers benefitting from his favors and biding his directives (like Adani buying up NDTV as a Godi Media organ).

Map showing countries and territories according to the Corruption Perception Index, 2021

 

[BananaRepublicUK]

If the Crony Capitalism Index was calculated again right now by the Economist, it would probably reveal that Bangladesh is currently at the top.

In 2016, India was measured at number nine in that Index, today they'd be at the top three. Crony Capitalism Index is connected with the corruption perception index, which is below.

India's rating in general corruption may be low a shown below (due to 'Indian expert bias' ) however their crony capitalism is severely high due to all the Seth's (Adani et al) being Modi's friends and financiers benefitting from his favors and biding his directives (like Adani buying up NDTV as a Godi Media organ).

Map showing countries and territories according to the Corruption Perception Index, 2021

Speaking from a lot of experience of India…

India is an extremely rigid and hierarchical society. Their lower officials are very diligent and are relatively honest. India’s corruption is concentrated at the top especially the higher caste.

By contrast, Bangladeshi corruption is top to bottom. Petty corruption is endemic in BD.

Bangladeshi elite share their loot with their on the ground goons.

Indian elite demand their goons work for free.

Pakistan is extremely similar to India.

Which is why India and Pakistan have disproportionate (relative to GDP) number of dollar billionaires compared to BD.

Average Bangladeshi faces daily hassles at hands of lowly civil servants compared to the average Pakistani or Indian.

On the plus side, the loot is shared fairly evenly in BD. Hence BD has less endemic poverty than India and Pakistan.

@EasyNow
@UKBengali

 

[fallstuff]

The government continues pumping money to bail out banks, experts are now suggesting to let some banks to fail.

Interesting comment from BRAC Bank. His bank deposit increased by 36% which is unusual as he stated, but overall growth is 6-7% which is unhealthy depicting lack of trust in Banks.

 

[bluesky]

The government continues pumping money to bail out banks, experts are now suggesting to let some banks to fail.

The govt is pumping money to avoid a liquidity crisis. When account holders get their money upon submitting withdrawal slips, people start to think no crisis exists.

The govt initiative is not bad. But, people should ponder why many people now distrust banks.

 

[BananaRepublicUK]

The govt is pumping money to avoid a liquidity crisis. When account holders get their money upon submitting withdrawal slips, people start to think no crisis exists.

The govt initiative is not bad. But, people should ponder why many people now distrust banks.

People have been withdrawing money for tourism.

Every single hotel is fully booked.

It is excellent for the economy.

Tourism boom will add a per cent to GDP growth.

 

[Species]

The govt is pumping money to avoid a liquidity crisis. When account holders get their money upon submitting withdrawal slips, people start to think no crisis exists.

The govt initiative is not bad. But, people should ponder why many people now distrust banks.

It is more like dumping money into a bottomless pit. The money will only end up being looted by the defaulters again.

This is why experts are suggesting to let some banks to fail that would set an example and will force the authority ensure better governance.