Milton epitomises man’s disobedience and the loss of Paradise in his epic poem “Paradise Lost”
Satan revolts from God and draws with him a legion of angels. God drives him out of Heaven along with his crew and places him in the great deep hell.It is a place of deadliest darkness and utter chaos.
“Of man”s first disobedience and that fruit
of the forbidden tree,whose mortal taste,
Brought death into the world and all our woe.”
Milton”s Paradise Lost is being enacted by Modern Bankers.
The banking community was in an enviable status before 1930.Financial empires were built on strong fundamentals. Certain banks were based on fraud . The competence of the bankers , their influence in the society, their high ideals ,placed them in a pedestal. The profession was regarded as a fine vocation, with promises of lucrative remuneration and resounding success.
During depression , the banking system envisaged a great fall . Regulations were set in. It came under tight ropes. It became a less interesting profession. Bankers shied away from liberal lending.This period of severe security saw a rise in economic prosperity. The growth was spectacular .
In the late twentieth century, again Banking had a radical transformation. The liberalisation found its existence. There was an enormous activity, hustle-bustle,and the industry exploded.
Anything above normal, anything exceeding its capacity, anything that is over exposed comes to a stunning halt.The recession has set across, the meltdown has sidelined the industrial progress,has effaced trade priorities.Currencies have slided down,,commodities are fastly going up and hastily. falling down . Banking has become a boring industry says Paul Krugman..
Banking ,like Satan , has pulled with it a legion of other industries and trade into an abysmal darkness. Satan tried to mend his ways to restore Paradise.The Banking sector should deliberate upon a serious financial reform to regain its fiefdom.
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