Libertarian-tinted glasses

Guy goes to a bank; guy finds termites have eaten his money and his savings certificates; bank employee points him to a notice that warns customers of the termite problem (link).

Look how our eminent blogger smoothly inserts the term “It was a government bank, of course.” No dude, there is no “of course” there. Yes government banks are often incompetent. My parents were in Dena Bank for 25 years and I know how annoyed my dad would get at the shitty attitude of some of his collegues. I have an account in the campus branch of State Bank of India and I have written about how painful it is to get them to do even the routine things.

However, it isn’t like ICICI bank is much better. If you don’t believe me, go to the Indiranagar branch on CMH road in Bangalore. We have been there thrice; each time we have seen customers fighting with the manager.

My experiences with Wachovia bank and Bank of America — private banks, paragons of virtue — haven’t been much better either.

And which branch would we compliment for great service: SBI, branch on MG Road.

PS: Bear Stearns is a private bank, of course.

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