Showing posts with label James Wolfensohn. Show all posts
Showing posts with label James Wolfensohn. Show all posts

Monday, February 14, 2011

Leave Yunus Alone

Rabindranath Tagore won the Nobel prize for li...Image via WikipediaThe Stink From The New York Times
Nazrul Islam Chunnu: Motherfucker
Telegraph: Bangladeshi leaders decide Nobel financier Mohammad Yunus must go: Professor Yunus is Bangladesh's most respected international figure ..... Prof Yunus was now too old and that the government wants to redefine the bank’s role and bring it under closer regulation. ..... the government of Sheikh Hasina, which, according to Western diplomats, regards his international profile as a political threat. ..... The government’s stance also sets it on a collision course with Western governments, aid and finance organisations ..... Hillary Clinton has voiced her fears that Grameen Bank’s independence is under threat ..... former Ireland president Mary Robinson and former World Bank president James Wolfensohn, launched Friends of Grameen to save the bank from a government takeover. ..... Yunus said the government wanted to take control of the bank from its 8m borrowers and savers ..... The bank’s borrowers and savers own 75pc of the company, while the government has a 25pc stake. According to the bank, it lends $1bn every year while lifting 5pc of its borrowers out of poverty. ...... Sheikh Hasina, who said the bank was “sucking money” from the poor and using them as “pawns to get more aid”. ..... Yunus said government control would lead to the bank being used to help “win elections” and fuel corruption and that he would not step down until the government promised to maintain the bank’s independence and mission to help the poor
This is like Putin going after that businessman dude in Russia. This is a severe abuse of state power. While they are at it, the Bengalis should go ahead and disrespect Rabindranath Tagore as well. This is insane.