tag:blogger.com,1999:blog-33693245.post5246189407004467134..comments2024-03-04T23:40:58.133+05:30Comments on The Big Picture: Perils of PPPThe Big Picturehttp://www.blogger.com/profile/06018983225756352176noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-33693245.post-49856666219401717352008-08-14T16:19:00.000+05:302008-08-14T16:19:00.000+05:30Ram,Well as some people have put this current cris...Ram,<BR/><BR/>Well as some people have put this current crisis as an eg. of 'moral hazards', we cannot help but sway our heads in agreement with the steps taken by Central institutions.<BR/>Closer home, sooner or later we will hear the same story with the protaganists replaced by ICICI bank and RBI. The frantic pace and callousness seen in ICICI's lending is no different from the greed behind mortages to people with not so good credit history.<BR/><BR/>Can we say it as necessasry evil?vaibhttps://www.blogger.com/profile/14002893797975074792noreply@blogger.com