Citi ,Wells Fargo, repay,

Citi group announced that it would repay $20 billion TARP funds,by selling securities
Wells Fargo has followed suit by declaring that it would pay back $25 billion TARP funds, after completing $10.4 billion common stock offering.

The repayment considerably reduces ,say to 75%U.S investment to bail out banks and would earn a healthy profit for the tax payer.$185 billlion out of $245 billion is slated to return.

The government assigning funds to Wells Fargo was highly unnecessary , according to Warren Buffet, the largest shareholder of the bank.

Wells Fargo was tantalised by the regulatory monitoring and irked by the undue interference.The present move will keep Uncle Sam out of the purview,thus its independent movement will not get affected.

The pay back schemes will keep the Fed at bay.
The banks get deregulated.
Their liberty is high sounding and the freedom they would enjoy would be remarkable.
They can settle in for extraordinary compensations.
They can take home heavy pay packets.
They can arrive at sumptuous bonus and perks.
They can breathe free air ,away from the regulatory body's eyes, which keep hovering over them.
The Fed can expect many such pay backs ,in the course of next year.
The inference seems to be enigmatic.
Do the banks really have gone up the earning ladder?
Did they make so much money, in spite of the recession?
The ploy to sell securities appear to be suspicious.
Why did they not do so before accepting the bail out package ?

Many indefatigable fluctuations come to the mind.
A vivid picture has to emerge to harmonise the disquitened mind.

Obama Under An Umbrella

The media is excited to see Obama with an umbrella, in China.
This posture has won Obama many fans.
I was amused to read the excess media attention to this trivial issue.
It is but natural to use the umbrella when it is raining.
Everyone did, does and will do when they have to move out in rain.
Obama is no exception.
He will not want himself to get wet.
He would not wish to catch cold.
He would have been advised by his mother or grandmother, as it was his granny who brought him up, to use the umbrella during rain, lest he would fall sick.


Obama had unfolded the umbrella , and held it above his head in China, all by himself,when there was a bout of rain.
The chinese got the shock of their life , when they saw him uholding the rain protector,without help.
What a feat!
What an achievement!
An impossibility is it!

Chinese Premieres and those in high offices, have ghost writers, have speech writers, have a long retinue of aids and helpers.
Obama too has all these in great numbers.
He too has umpteen speech writers, hundreds of advisors, fifties of groomsmen,forties of attendants to take care of his wants, twenties of chefs to provide him the best of meals, and tens of close personal tenderers to supervise his routine.

Yet , he held the umbrella over his head ,without help.
This simple gesture has triggered media attention, and won many a heart.
Obama has been knighted as a chivalrous hero overnight.

The virtuousity and honour he extended by his umbrella posture are dazzling.
Strange are the ways of human.