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Defunct Banks

A Banker, A Lawyer and An Indian: A Tale of Corruption in our Banks

posted onAugust 28, 2020

By Frank R Kasoroza

A story is told of an elderly woman in 1935 New York whose son in law abandoned her daughter and their two children. The toll of the great depression apparently more than he could bear.

This elderly lady, herself reeling from the economic hardship of the day, but spurred on by that most beautiful of human traits - goodness, took them in. Today, because of Covid19, the world once again finds itself having to deal with an unprecedented economic shock whose net result is, unfortunately, the deepest global recession since 1933.