Good, I could inspire at least one IRAS officer to read few pages on internet and write something of substance.
I mostly deal with sand cement aggregates and steel. The abstract called Finance is not something I need to comment on. However, what about those who are so keen to have F word in their designations? The US financial crisis has been in the making for the last three years. Should somebody from Finance not have studied the why what and how of the crisis and enlightened us all instead of proposing murders? In fact, IRAS officers should be holding seminars at zonal and divisional levels to educate all railwaymen about the topic, which is consuming the attention of the whole world.
As for socialism vs. capitalism, there is no line like equator, which if you cross you are a capitalist, and vice versa. Actions of any government of any persuasion can be shown to be either socialism or capitalism from issue to issue. The test can be applied to an individual by putting up a simple question- do you believe that personal money of an individual can be taken away and used for the personal benefit of another individual? Word 'personal' being the key word for both the individuals. Creating public assets to which all individuals of a society have equal access is not socialism.
The use of word capitalist with my designation instead of my name is a result of prejudices which sooner we get rid of better it would be for the department and for the discussions on these boards.
As for Bush suing me, there is just no danger of that ever happening. An aide came to Bush and told him about the demise of Lehman Brothers. Bush told him to convey his condolences to the mother, saying," it is so difficult to face the loss of one son. How would she cope up with the loss of two?" The guy would never be able to make out what I am implying him to be. As for socialists in the US, answer would be reached much sooner if phrase "socialists in the US" is searched on Google.
As for fly by night investment bankers, the scale should not dazzle one. In the US, everything is done on grand scale. Remember Enron, how it had burst on international power scene. Later it turned out to be one big hoax, however enriching its top executives in the process. For the investment banker the basic duty is to judge creditworthiness of the guy asking to borrow money. If instead money is just being flung around and that is being touted as achievement, what results is a bubble waiting to burst.
In addition, shouldn't those who borrow be required to be true to the trust reposed in them by the creditors? In addition, not borrow beyond their means.
