Are the Bankers new scapegoats.

Generally the incoming government is quick to put its own people in places of power it starts with IAS and goes down to Governers and VC of varasities. But it seems this time it has gone to a new level. The government seems to be scapegoating bankers for the loans they granted to Kingfisher. Former chairman of IDBI and other top officials were arrested recently. Bankers in mumbai definately feels it is vendetta politics. Swaminathan writes in ET a piece on it. He exhorts the government to be pragmatic and set up a bad bank. That possibly the solution to this mess.

 

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