Jaruzelski also has to deal with Western trade sanctions & banking pressures.
Because Reddy, over the objections of Western bankers, International Monetary Fund kibitzing, and kindred local banking pressures, simply did not allow the Indian banking system to engage in Wall Street-style speculation.
He is described by Citigroup brokers as "an absolute disgrace" and "an investment-bank whore".An e-mail by Mr Grubman to the head of research suggests that he understood the deteriorating conditions of the companies he recommended, but could not resist the investment-banking pressure.
Two years ago, he nearly quit as the managing director as debts and bank pressure looked set to drive the company under.
Regulators, for their part, say they cannot micromanage a bank or outlaw its risk taking and did not bow to bank pressure when assigning examiners.
As the subprime market heated up, she said, the bank pressure to move more loans — for autos, for furniture, for houses — edged into mania.
LONDON — As Britain's government prepares to tighten its grip on another bank, pressure is mounting on lenders that have turned down government help to join the British Treasury's latest effort to revive the economy.
For example, in the late '60s, bank pressure tied to a $70 million power-transmission loan to India forced Indian state electricity boards to jack up the rate of return on investment to a reasonable level.
"It's part of the job," Isakson says of resisting the bank pressure.
Even when there is an effective law on the books, the government doesn't take advantage of it because of big bank pressure.
