patrick.net

Wow. Our politicians in the US have sold us as slaves to the banks, but at least our cops are mostly honest.

It's not too much of a stretch to imagine things like that can happen here. Sometimes people are kidnapped in Mexico, and last I heard, the drug cartel has human resources in the USA.

Even if you low-key it, the teller at your friendly neighborhood bank branch, or clerk in the record office that has deed of trust information in your municipality, could be bribed (or coerced) into passing along some tips.

Considering now that some banks will take measures to build their reserves, which could mean reducing their costs (payroll costs?), and considering that local governments all over are reducing costs by reducing pay, reducing hours, or reducing headcount, well if things like that start to happen here, it should not be too surprising.

Sometimes I think that recent case of the gardener accused of murdering a Cupertino homeowner last month might've involved some attempted extortion or something along those lines.

Can you provide a link to Indian state bank CD rate of 9.75%? I am not able to to find this on http://www.statebank.com/cd.asp

Agreed this is very common in all of Latin America, Africa, Middle East, Russia and former east block as well as East Asia.

Indians have large egos at work, while Indian men are a pain, the women
are a walking minefield. Holly Cow, they can belittle you very quicky.
Its a farcry from the laid back Californian work ethic.

Folks,

I am extremely dis-appointed that Patrick posted this "anonymous/unsubstantiated" post. Having lived in US for several years I have seen the "society" on both sides of the world. The kidnapping story seems to be someone's runaway imagination ... Yes there is a Mafia here, but it is not different from US wherein the rich and the powerful somehow mysteriously corner all the prime properties. A

I have been following patrick.net for the past several months from Bangalore, India very dilligently, because I really think this is one of the blogs which is painting the correct picture (though it seems very bleak now). This post by Patrick and the comments are not worthy of this site.

Looking at the situation on both sides of the continent I somehow get this sickening feeling that US has become very very corrupt (especially from the moral angle). Even inspite of the widespread CORRUPTION by the wall street and many many others NOBODY has been jailed yet ! Madoff is still not put solidly put behind bars, the list goes on ... This has somehow been very hard for me to understand. Maybe someone care to explain ?

Sorry for the long rant, I would really appreciate if such "unsubstantiated" posts do not appear again. I would feel very bad to leave this blog.

Regards,
-Bhaktha

Please detail out what widespread corruption your talking about regarding Wall Street. Can you detail out who by name did what criminal act which would justify being sent to jail. You oddly enough didnt even bother give them a trail. Just throw the noose over the branch and lets have a good old fashion lynching!

Patrick, who said that most of "our" police were good? God? Did you take a magical survey? Do you live in a cave?

eternian.wordpress.com

Did you agree willfully to let the fed bail out the banks with tax payer money? I didn't. I wish every one of those corrupt businesses burned.

I had a person working for me in Bangalore go through this. He and his father had lot of property in Bangalore. He also bought property with $100,000 he got from silicon valley stock option in 1999 when land was 1/10th current price.

I guess the mafia wanted to 'wet their beaks' a little on all that wealth.

Nomograph says

Could you give an example of how you were sold as a slave to a bank? Not a rhetorical example with pretend people or a future imaginary scenario, but a real example of how you personally were sold into slavery by a politician.

Keep in mind that slavery is against ones will.

Sure, bank losses were pushed onto taxpayers in many ways. As a taxpayer, I am now forced against my will to work to earn money that will be taken from me to pay for bank losses.

I am their slave, as are we all. Sure, it's a matter of degree, but it's not voluntary. You WILL work to pay for bank losses.

Okay, land mafia is active in Bangalore like all over the world.

But, they get involved if the deal is big, USD 10 Mil or more. Most on this board need not worry.

One can buy 100% legal properties with clear titles. Thousands of expats have sucessfully relocated to Bangalore.

Please don't misinform members.

Politicians who helped bail out banks were all voted by the people. If enough people were upset with it, they wouldn't vote those people out. You might be paying for something you're unhappy with, but that is part of a democracy! You have to pay for things you don't want, sometimes you win, sometimes you don't.