Banner Advertiser

Monday, March 28, 2011

[ALOCHONA] Re: Banker Yunus banking on emotion defying law

We must give credit to Hasina the PM of Bangladesh, to be the first PM of any country to make fun of their OWN Nobel laureate. Even more credit must go to the Honorable Her Excellency Sheikh Hasina Wazed, for being so impartial and magnanimous to humiliate not only her own Nobel Laureate - but also, the ONLY Nobel Laureate that the country has. How honest can a PM be.

Far from being the ONLY Nobel Laureate, this single-Nobel person hails from the low-lying, coastal plains of the far-reaching corner of Ganges plain, called Chittagong, for which he even speaks the language called Bengali. The language which the UN declared as the Mother of all Languages, is spoken by the Nobel-Laureate, and also by the sam PM.

Yet, so dynamic, so honest and corruption-free is the land of Bangladesh, that even the PM of that country made disturbing comments about this Nobel Laureate, and dismissed him as trash.

Credit must also be given to the Judiciary system of the country, that NOBODY belonging to the "ruling party" EVER gets punished, jailed or convicted of any crime. All criminals, convicts, remanded, demanded, jailed, bailed are hailed from the opposition party, or any party, that is not awami league.

Credit must also be given to Honorable PM of Bangladesh for doing NOTHING to eradicate poverty in 40 years of Bongobondhu drum-beating. While this 28-year-long M.D of Grameen Bank, spent 50 years of his life sacrificing his own time, education, energy, lifestyle to the selfless dedication of upgrading the desperate POOR from underground to the surface, the Honorable PM spent 17,000 CRORE TAKA ANNUAL BUDGET this year only to propagandize against Dr Yunus.

From all the politics of Bangladesh which the supporters of Hasina are so proud to sing the song, of Bongo-whatever, the desperate poor of Bangladesh have nothing to sing songs about. Yet the 20 million beneficiaries of Grameen Corporation can be proud of one thing - that ONE MAN GAVE HIS LIFE and CARED FOR THEM, and handed them the tools of survival. The Whole World recognized that sentiment to the fullest, the whole world, except the supporters of Hasina, in as far and wide countries as India!!

May the Honorable PM of BD, get NOT ONE, but TWO Nobel Prizes for being so sympathetic to the the poor people of BD, as to using the free and fair , fully awamised, shadhinotar chetonized, Judiciary system to SNATCH the Managing Director position away from this son of Bengal - MD Yunus.

kgazi
USA

--- In alochona@yahoogroups.com, "ezajur" <Ezajur@...> wrote:
>
> What a lousy defence of an argument. One of the best things about this debacle is the way it has crystallised the idiocies that govern our thinking. In one clean sweep the world can see us for what we are. It is simply brilliant.
>
> Here we have an argument that Dr Yunus has outlived 9 lousy governments in a third world country and therefore he is a very bad man. And this is proposed by people who don't have the guts to disagree on anything with anyone in their ruling family.
>
> If Dr Yunus had kneeled before his Nethri Shamim would have nothing to say. If Hasina and Yunus make up tomorrow, Shamim will have nothing to say. If, as Dr Rezvi requested, Yunus credited Bongobondhu with creating microcredit, Shamim would have nothing to say.
>
> What Shamim cannot stand is that the universally acclaimed success of Grameen has not been reflecting on his Nethri. Shamim wants the Awamification of Grameen. Having installed one hardcore Awami fundamentalist as Chairman, Shamim would like to see another hardcore Awami fundamentalist installed as MD.
>
> And then maybe his cousins in Chatra League can get jobs as debt collectors.
>
> Ezajur Rahman
> Kuwait
>
> --- In alochona@yahoogroups.com, "ShamimC" <veirsmill@> wrote:
> >
> > Dr. Yunus won Nobel Prize along with many other prizes, now what left is
> > enlisting his name into Guinness World Records for being the longest
> > serving Managing Director of any company in the world, TWENTY EIGHT
> > years. Why we will let that record go? Someone should take that
> > initiative to let that happen. Probably this did not happen before and
> > will not happen unless it is owned by someone personally.
> >
> > He was appointed Grameen Bank Managing Director by Gen. Ershad in 1983,
> > since then:
> > * Ershad Government completed its NINE years
> > * Justice Shahabuddin Ahmed's caretaker government completed its
> > term
> > * Khaleda Zia completed her first five year term
> > * Khaleda Zia completed her second short term
> > * Justice Muhammad Habibur Rahman's caretaker government completed
> > its term
> > * Sheikh Hasina completed her five year term
> > * Justice Latifur Rahman's caretaker government completed its term
> > * Khaleda Zia completed her third full term
> > * Professor Iajuddin Ahmed - was compelled to resign on
> > 11/January/2007
> > * Dr. Fakhruddin Ahmed's military caretaker government completed its
> > two year term
> > * Sheikh Hasina's government running almost to its two and half year
> >
> > What a world record for Dr. Yunus, since his assumption of power as
> > Managing Director of Grameen, TEN government has come and gone and the
> > eleventh is running But he is still in the helm of Grameen Bank,
> > congratulation to Dr. Yunus, many more to come, why not outshine eleven
> > more!
> >
> > Thanks,
> > Shamim Chowdhury
> > Maryland, U.S.A.
> >
> > ==============================================================
> > --- In alochona@yahoogroups.com, "Emanur Rahman" <emanur@> wrote:
> > >
> > > This is how mischief is made. Through the presentation of distortion
> > as truth. Let's get a few facts straight:
> > >
> > > • Grameen Bank is not a government institution. The government
> > is only a shareholder.
> > >
> > > • The rate of interest charged for loans gets higher as the
> > notional of the loan gets smaller.
> > >
> > > • An interest free regime would have resulted in a loss making
> > entity requiring constant subsidy.
> > >
> > > • No statistics or metrics have been produced to show that
> > micro-credit has been largely unsuccessful.
> > >
> > > • Yunus was not removed because micro credit is a failure.
> > >
> > > • If 10 poor people were lifted out of poverty, that is still
> > more than BAL (starting with Mujib) or BNP has ever achieved.
> > >
> > > • Yunus was not found guilty of any form of corruption.
> > >
> > > • Grameen's commercial activities are controversial but that is
> > an intellectual debate about the limits (should there be any?) that
> > should be applied to social enterprises in a free market economy.
> > >
> > > To my mind, intellectual dishonesty is one of the worst of all crimes.
> > However it makes sense that this is the stock in trade of politicians,
> > their sycophants and their charlatans.
> > >
> > > Envy is the root cause here - plain and simple - and EVERYONE
> > including this charlatan knows it. The sycophants have so little
> > backbone that they won't even say it although it is now in the record of
> > the JS after the BAL MPs "prayed" for a Nobel for Hasina!!
> > >
> > > Its laughable.
> > >
> > > So the real question for the charlatans is - should we now close
> > Grameen Bank as it is a bad idea? What about BRAC? What is different?
> > >
> > > That's the thing with BAL and their supporters - I expect them to
> > ALWAYS work against the national interest as they are one to all,
> > TRAITORS.
> > >
> > >
> > > Emanur Rahman | m. +447734567561 | e. emanur@
> > >
> > > -----Original Message-----
> > > From: Shamim Chowdhury veirsmill@
> > > Sender: alochona@yahoogroups.com
> > > Date: Mon, 7 Mar 2011 21:58:56
> > > To: Shamim Chowdhuryveirsmill@
> > > Reply-To: alochona@yahoogroups.com
> > > Subject: [ALOCHONA] Banker Yunus banking on emotion defying law
> > >
> > > We must give credit to Dr. Yunus for taking micro financing to world
> > stage and branding Bangladesh as the brand owner and finally wining a
> > Nobel Prize. He may have not invented the idea but certainly he was able
> > to give it a height which no one was able to do before. Because of his
> > personal connection with Hillary Clinton the then first lady current
> > Secretary of State of the most powerful country of the world Dr. Yunus
> > was able to get the world attention.
> > > Â
> > > Dr. Yunus got his first world wide media attention during the first
> > micro summit which took place in Washington where our present PM Sheik
> > Hasina co-chaired the summit along with Queen Sofia of Spain . In the
> > home turf Dr. Yunus got support of the then Prime Minister Sheikh Hasina
> > who went all the way to Washington to unveil Bangladesh brand financial
> > system in first ever world summit on microfinance.
> > > Â Â
> > > In the early days of microfinance, Dr. Yunus has a success story to
> > tell but not much audience other then few media outlet. The country was
> > going through high trouble. It was couple years after the death of Gen.
> > Zia when Gen Ershad claimed the power overthrowing corrupt BNP
> > government of Justice Sattar. In a state wide televised speech, Justice
> > Sattar claims wide spread corruption in his government and asked
> > military to take over, so did Gen Ershad. Suddenly Dr. Yunus saw some
> > light at the end of the tunnel, military marshal law governments civil
> > Finance Minister Abul Mal Muhit, yes readers, ironically it’s the
> > same person who is our current Finance Minister.
> > > Â
> > > Finance Minister Muhit gave an audience to Dr. Yunus and Dr. Yunus was
> > the speaker, as good orator he was and is Yunus was able to make Muhit
> > understand the value of starting a new bank solely for the poor. Muhit
> > as the Finance Minister was able to get permission of Gen. Ershad to
> > form the Bank name Grameen Bank, a bank for the poor. Ershad’s
> > military regime issued a proclamation establishing the bank and
> > appointed Dr. Mohammad Yunus as its Managing Director, it was 1983 and
> > since then he is the head of this government institution.
> > > Â
> > > It need to be clear that Grameen Bank unlike many other privately
> > owned NGO is not a private entity at all but a government entity with
> > autonomy and Dr. Yunus is nothing but government approved Managing
> > Director of the Bank. Success of Grameen Bank is not just the success of
> > its Managing Director Dr. Yunus’s but the government of
> > Bangladesh and its shareholders as well.
> > > Â
> > > Mohammad Yunus played a wonderful role of mentoring the organization
> > setting its goal. The negative story picks up there where Grameen Bank a
> > bank for the poor changed its role of providing free of collateral cheap
> > loan to the poor especially women to high interest loan sharking
> > business.
> > > Â
> > > A noble cause and idea which started its journey from village Jobra
> > under the stewardship of a young professor Dr. Yunus caught into
> > so-called social business gimmick. Loan to the poor started with no
> > interest climbed to as high as THIRTY percent though in Grameen
> > transaction shows it as twenty percent not showing the actual cost that
> > the borrowers has to bear.
> > > Â
> > > Day by day Grameen involved it self into all sorts of profit making
> > business, telecommunication to making so called energy curd and what
> > not. A brand name Grameen paid a hefty price for that as well not just
> > financially but receiving endless criticism. While the poor people
> > Caught into microfinance debt Grameen caught into illegal VOIP business
> > and slapped with hefty punitive fines of hundreds of millions of BDT
> > during last caretaker government and loosing its clean image.
> > > Â
> > > Some people may say Dr. Yunus has no relation to those illegal
> > wrongdoings of Grameen Telecommunication. How ever that notion will not
> > be justified and he had to bear the responsibility. Grameen mobile is a
> > part of Grameen family and Grameen receives a huge stash of profit out
> > of it. So if you accept the profit you have to bear the responsibility
> > as well.
> > > Â
> > > A Nobel laureate like Dr. Yunus never came up with one word to condemn
> > his organizations wrongdoing but keep tight-lipped. His muted un
> > acknowledging attitude of this grave matter did hurt lot of his
> > supporters as well as rest of the nation. Though this is nothing new
> > from him, he kept mum or talked in favor of military and undemocratic
> > rulers as near as past Gen. Moeenuddin-Fakhruddin  or Iajuddin
> > government.
> > > Â
> > > Dr. Yunus who started (not really) claiming as the
> > originator/author/owner of this microfinance idea thought about Grameen
> > Bank with same obsession. Like many others who rose to power and fame
> > Dr. Yunus started thinking about him as indispensable and his role as
> > Managing Director as prerequisite for banks survival.
> > > Â
> > > Probably Dr. Yunus himself and many others thought him and Grameen
> > Bank as one and one entity, that thinking process was based on a
> > complete flawed understanding. Â It is very unfortunate Dr. Yunus did
> > not play an affirmative role on bringing that wrong notion down rather
> > fueled the idea.
> > > Â
> > > A noble idea strangulates to death slowly but surely. A bank that was
> > created to ensure loan to the poor ravenous people of Bangladesh is now
> > hungry it self for fame and ready to play any game. Getting the Nobel
> > Prize whisked away Dr. Yunus into a fairy land of foolishly considering
> > him as indispensable and a savior of the world poor. High ambition and
> > hunger for fame and name ruined his stature and brought him down to
> > earth facing criticism home and abroad.
> > > Â
> > > Grameen Bank was and is an autonomous government entity though it is
> > not just like much other autonomous body but a special one. If the
> > banking law of the country as well as Grameen Bank’s own employee
> > service manual clearly states that all Grameen employees will retire at
> > age 60 then how in the world it is OK for Managing Director Dr. Yunus to
> > violate that law and say I am indispensible therefore I must stay for
> > life and defy any law.
> > > Â
> > > Some Yunus supporter might say there are others too who has crossed
> > that age such as PM her self or others in the cabinet. Yes that is true
> > but that is a whole new subject/concept to deal with. Present law of the
> > land dose allow those position holder to continue their official duty at
> > or above sixty, if you do not like it then go ahead and make effort to
> > change it. But as long the law allows or disallows, you just have to
> > abide by the rule, period.
> > > Â
> > > Dr. Yunus in many of his speech talked about lawlessness in our
> > society and politics but when the time came for him to set the standard
> > he downplayed the law and played his sentiment card and vowed to stay in
> > power as long someone is not able to pull him down.
> > > Â
> > > During caretaker military rule, Dr. Yunus talked harshly about
> > politicians and labeled them as corrupt and promoter of family dynasty.
> > He did talk about fresh leadership to make the difference and now when
> > the question comes about new leadership of Grameen, Dr. Yunus back out
> > and his laughable reply that Grameen will not be able survive
> > without him or there is no one who can assume that responsibility. If
> > so, then it is shame for him that he stayed in that position for couple
> > of decade but miserably or the more correct choice of word would be
> > mystically failed to create a chain of leadership who can and will take
> > new challenges.
> > > Â
> > > Critics say, to keep his tight grip on all matter Dr. Yunus never
> > allowed any new leadership capable of running the organization
> > independently around for too long. Any one who happened to be capable
> > will be removed and a person will be replacing the position with his
> > approval only.
> > > Â
> > > The nine members of the board out of twelve are selected by Dr. Yunus
> > himself and rest three appointed by the government of Bangladesh . Nine
> > members of the board who has been handpicked by Dr. Yunus have
> > absolutely no idea whets so ever of how a billion dollar bank like
> > Grameen runs. They are there no more then to act as rubber stamp to go
> > along with Dr. Yunus whim.
> > > Â
> > > Dr. Yunus has taken full advantage of the disadvantage of his
> > executive board members neophyte of the banking business and ruled the
> > business as he wishes rather then following the business rule prescribed
> > in Grameen’s business policy.
> > > Â
> > > The bank which strictly supposes to land only to the poor’s
> > started funding family owned business defying all rules. Grameen is tax
> > exempted business institution. They do not pay to the government in
> > return they do public service, is this what public service, service to
> > the poor means to Dr. Yunus.
> > > Â
> > > When Grameen Bank’s poor member has to return every singe penny
> > they borrow whether loose or gain otherwise face penalty, intimidation
> > and legal or social boycotts by the group but strangely his family gets
> > a very sweet deal of sharing profit and loss which even commercial banks
> > do not offer other then some Islamic banks. Is this kind justice and
> > honesty Dr. Yunus is talking about while in the international stage.
> > > Â
> > > It is unfortunate that a man of his stature will set such a bad
> > precedence and take ill advantage of his position and international
> > connection to pressure law of the land takes a different course to keep
> > him in his position. It is more unfortunate that now he wants keeps the
> > nations image hostage and play his emotions card once again to keep his
> > position.
> > > Â
> > > It is so childish for him and his lawyer Dr. Kamal Hossain to say that
> > if he was allowed to violate the bank law for ten years then he should
> > not be blamed about it at any letter stage? Does Dr. Yunus mean
> > violation get justified if it was not challenged or corrected in time?
> > > Â
> > > Are we going to say that recent epoch making judgment of high court on
> > nullifying all military rule of seventies and eighties in Bangladesh and
> > declaring it as illegal occupation of power was wrong judgment as it
> > happened thirty years ago and no one challenged it earlier therefore
> > illegal unconstitutional occupation of power by military rulers was
> > justified!
> > > Â
> > > High interest Grameen’s micro credit is nothing but unambiguous
> > rape of frail but lucrative financial body of poor of the poorest
> > especially women. Most vulnerable segment of the society is trapped into
> > Grameen’s loan shark landing microfinance policy, calamitous
> > attempt of the poor to escape from local loan shark known as Mohajon to
> > get caught by institutionalized shark loan lender named Grameen is
> > unfortunate and unwanted.
> > > Â
> > > It’s a farce that the poor of the poorest who need the most low
> > interest finance to change their ill fate are locked into maximum high
> > interest loan up to 30 percent from Grameen while the affluent society
> > gets loan at very low interest some where 10 to 12 percent from
> > commercial banks. Now Grameen might say we are giving loan to someone
> > with no collateral therefore we have to cover our risk. No comments on
> > that as that is a fact, however then question comes, do not call this
> > sort of loan sharking a social enterprise call it what it is.
> > > Â
> > > In U.S. to often you will get advertisement about car loan or housing
> > loan with bad credit or no credit everyone applies everyone gets credit.
> > Those lenders are known in the U.S. as loan sharking institution and
> > they do not challenge it. If Dr. Yunus also agrees that Grameen does the
> > same then their will be no question but question comes when he claims to
> > be doing business of social just. Grameen’s over exorbitant
> > interest rates and alleged coercive debt collection policy has no
> > difference then shark lender of the west.
> > >
> > > What is Loan Shark: A loan shark is a person or body that offers
> > unsecured loans at high interest rates to individuals, often enforcing
> > repayment by blackmail or threats of violence. Dose that sounds Dr.
> > Yunus and Grameen Bank, Yes it dose. Wikipedia Link explains the
> > characteristics of Loan Shark: http://en.wikipedia.org/wiki/Loan_shark
> > > Â
> > > If wants know more about the result of Grameen Loan Sharking business
> > and hide and seek game then go to this link and play the video:
> > http://www.france24.com/en/20080404-bangladesh-burden-microcredit-caring\
> > -grameen-bank-mohammed-yunnus
> > > Â
> > > Watching this video will raise very suspicious question what Grameen
> > and Dr. Yunus wants to hide from getting out? Its no wonder anymore why
> > Dr. Yunus wrote a personal memo to NORAD asking help to keep donors fund
> > misappropriation secret, WHY? What he is scared off! Why Dr, Yunus
> > appointed director Noorjahan Bagom ask her security to tie the
> > journalist who simply says that he wants to ask some question! Hope one
> > day the poor of the poorest will know about the name of the game.
> > > Â
> > > I just read his public statement (March 7th 2011) where he makes calls
> > to the nation. That is just tricky rubbish. When a case is waiting for
> > ruling, his public statement is a mere attempt to fuel confusion among
> > mass people and pressure on the court to take the verdict in his favor.
> > > Â
> > > He and his lawyears are making evry effort to make our justice system
> > look bad, that is not right thing to do for a Nobel lauriate! He himself
> > went to the court challenging Bangladesh Bank notice of his removal now
> > after three days of deliveration his lawyears are talking saying they
> > might not get justice. Dr. Yunus is following a carbon copy plan of
> > Khaleda Zia after she lost her house and court fiasco played by her
> > lawyear.
> > > Â
> > > Within months of getting the Nobel Prize he applied this same sort
> > of public call/statement technique during last military CTG attempting
> > to grab political power in the vacuum using help from military
> > intelligence unit. I surely hope dr. Yunus stop this uncalled technique
> > and keep faith on system.
> > > Â
> > > IÂ certainly hope Nobel laureate Dr. Yunus will come intto his
> > sense and do what is good for the Bank and its poor borrowers not
> > just looking at self interest. Reduce the interest burden from the poor
> > and be a real benevolent banker of the poor. Above all, he will abide by
> > the law of the land as any other ordinary citizen and not claim aspecial
> > stature just becouse of he is a Nobel laureate.
> > > Â
> > > Â
> > > Shamim Chowdhury
> > > Maryland, U.S.A.
> > > Email: veirsmill@ yahoo.com
> > >
> >
>


------------------------------------

[Disclaimer: ALOCHONA Management is not liable for information contained in this message. The author takes full responsibility.]
To unsubscribe/subscribe, send request to alochona-owner@egroups.comYahoo! Groups Links

<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/alochona/

<*> Your email settings:
Individual Email | Traditional

<*> To change settings online go to:
http://groups.yahoo.com/group/alochona/join
(Yahoo! ID required)

<*> To change settings via email:
alochona-digest@yahoogroups.com
alochona-fullfeatured@yahoogroups.com

<*> To unsubscribe from this group, send an email to:
alochona-unsubscribe@yahoogroups.com

<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/