This time its different

If you look at the history of India’s credit cycles, most of the time companies have gone bad, but not their promoters,” Mr Uday Kotak said, referring to the owners of India’s largest industrial houses. “This time the banks must ensure that the pain is shared fairly between the banks and equity owners.”

Vajpayee’s comments on Sonia’s speech

After seeing this clip, feel saddened about Manmohan Singh’s aloofness and silence.Feel he has destroyed the prestige of the office of the PM.Even Deve Gowda had more presence than him !!

Also, why has Vajpayee not given the Bharat Ratna?Lesser mortals and lesser PMs than him have received it.It would have been an easy way for the Congress to score brownie points