Worst Industrial Catastrophe – Union Carbide / Dow Chemicals and Bhopal Victims of India
June 12, 2010
By Padmini Arhant
On June 7, 2010, the verdict on the worst industrial gas leak in 1984, Bhopal, India was delivered by the state’s local court.
According to the several reports:
The ruling convicted the seven officials in senior management along with the employees of the former Union Carbide India Limited (UCIL), the then subsidiary of the Union Carbide, USA with CEO Warren Anderson at that time.
Conviction included two years jail sentence and Rupees 100,000($2,100, €1,800) in fine.
Understandably, the judgment aroused sentiments among the victims’ devastated families and the survivors.
The NGO’s and other organizations representing the victims welcomed the much awaited process brought to national and international attention after pursuing the legal course for more than twenty five years.
However, they expressed huge disappointment in the limited sentencing and the exemption to the then Parent Company, Union Carbide CEO Warren Anderson.
India’s request for the CEO’s extradition to face trial was rejected in June 2004 by the United States.
Mr. Warren Anderson was the CEO of Union Carbide U.S.A during the industrial disaster in 1984 and served the corporation until 1986.
Subsequently, Union Carbide in their statement delineated themselves from the gross industrial negligence that claimed scores of lives and continue to affect more, the living and the yet to be born evidenced in the birth defects as well as other illnesses diagnosed thus far.
Union Carbide U.S.A transferred all liabilities pertaining to Bhopal incident over to its then fully owned subsidiary Union Carbide India Limited, while accepting the revenues and profits from the offshore operation. Effectively reflected in the multinational corporation CEO’s income, stock options and bonuses.
Moreover, the facts supporting the systemic operational facility discrimination between the U.S site and the Bhopal plant was disregarded in the entire proceedings.
Source: Wikipedia.org titled Warren Anderson (Chairman)
“Greenpeace asserts that as the Union Carbide CEO, Anderson knew about a 1982 safety audit of the Bhopal plant, which identified 30 major hazards and that they were not fixed in Bhopal but were fixed at the company’s identical plant in the US.
Union Carbide asserts that the Bhopal plant addressed all of the identified issues well before the December 1984 gas leak and that none of them had anything to do with the disaster.
Greenpeace claims that neglecting these hazards in Bhopal caused the explosion.
Others, such as the former police chief Swaraj Puri, who was injured in the Bhopal disaster, asserts that Mr. Anderson must have known about the danger of the plant because an employee had died there a year before the disaster.”
Statistics on the human tragedy from this major industrial catastrophe are as follows:
Source: Indian Supreme Court, Madhya Pradesh government, Indian Council of Medical Research
Initial deaths – more than 3,000 – official toll
Unofficial initial toll: 7,000-8,000
Total deaths to date: over 15,000
Number affected: Nearly 600,000
Compensation: Union Carbide pays $470m in 1989
Unfortunately, for the survivors and the victims’ families, the issue is not restricted to the selective indictment or the mild sentencing on a monumental management failure;
It’s rather an uphill battle to investigate the matter because of the high profile corporate and political power implicated in the horrific crime, especially with more information presented through visual content in the Indian media that confirms,
The “most wanted” CEO, Warren Anderson escorted in an Indian state government vehicle for safe departure from the Indian shores upon being released on bail after his arrest in December 7, 1984.
Mr. Anderson noted as the “chief defendant” in the trial from the beginning was excluded in the recent hearing outcome.
Per Wikipedia.org:
Later, “the arrest warrant issued on July 31, 2009 by the Chief Judicial Magistrate, Prakash Mohan Tiwari, Bhopal, India rendered ineffective due to the U.S. declining the extradition treaty, citing a lack of evidence.”
It bears resemblance to the 9/11 tragedy when the terror mastermind, Osama Bin Laden’s family were reportedly allowed secure passage from the United States in 2001.
The dangers of politics and prejudice playing dominant role in the judicial system, often deprives the innocent from obtaining justice even in the democratic society.
Such obstruction of justice through political influence and camouflage from the top bottom makes a mockery of the judicial system in a democracy.
It’s increasingly prevalent in the trials that could potentially expose the authorities in bad light.
No political system is an exception to the concept.
Besides, the news corps media being the primary voice for democracy have a journalistic responsibility to decipher the intricacies behind the funds exchange between Union Carbide USA and the Indian government that received the disclosed $470 million compensation with or without any stipulation.
Although, the monetary compensation is not proportionate to the suffering and damages sustained by the victims,
It’s still important to ascertain the amount actually received (if any) by the affected individuals in the prolonged dispute and address the status quo adequately.
Setting the political priorities aside, the dire situation beckons the Indian and the U.S. entities to view the Bhopal victims’ plight as a humanitarian calamity and exemplify requiring transnational corporations to adhere to universal environmental and ethical standards in the globalization era.
Justice denied to the innocent is Justice betrayed. For actions and decisions by all are judged accordingly.
Bhopal victims deserve better considering the long ordeal endured by them.
Providing medical assistance, toxin free living conditions with continuous monitoring to eliminate the persisting health hazards are the minimal needs for survival.
Enforcing strict industrial safety codes and regulations would protect workers from serious occupational injuries.
In addition, imposing liability on the corporations regardless of statehood for human and environmental harm is necessary to prevent negligence and evading financial obligation.
Whether it is Bhopal, India or the Gulf Coast in the United States, the communities pay the price in the deadly chemical release and oil gusher.
Perhaps, the bilateral solution to the problem rests with the Indian and U.S authorities to do right by shifting the burden of proof from the victims to those connected to the horrendous casualty in the Bhopal gas explosion.
Thank you.
Padmini Arhant
Environmental Disaster – Gulf Coast Oil Spill
June 7, 2010
By Padmini Arhant
Ever since the explosion at the oil rig in the Gulf of Mexico that initially claimed 11 lives, the avalanche of unmitigated losses has become the reality.
It is evident in the oil dripping Pelicans, dolphins and lifeless birds alongside the economically devastated fishermen, tourist industry and restaurateurs.
Approximately 1.6 million gallons of oil reportedly gushed from the spill that is yet to be completely contained.
Meanwhile, it has evolved into the economic and environmental disaster for the entire Gulf Coast threatening the inhabitants in the adjacent regions with oil plumes traced as farther in Florida.
Further, the BP oil company liable for the calamity has maintained that it could take until August 2010 to stop the leak in the face of extensive damages to the states near the Gulf Coast.
During the congressional hearing on the major environmental catastrophe, it was clear the BP executives including the federal regulators responsible for monitoring the risks failed in their assessment of the pervasive repercussions from the oceanic accident prior to issuing permits.
Like any other hearing, the company CEOs’ concern for the shareholders interest superseded national interest when they evaded the obvious questions leading to the cause and aftermath of the accident.
The disappointments following the oil spill is the BP’s unsuccessful action to block the leak and more disturbing is the legislators, especially Alaska’s Republican Senator Lisa Murkowski and others rejecting the Democrat Senator Bill Nelson’s bill to increase the cap for oil spill damages to $10 billion from $75 million,
Thereby, eliminating the possibility to hold BP accountable in the greatest man-made environmental destruction.
As it turns out, according to the NYT June 5, 2010 report – titled ‘Gulf Oil Spill’:
“The letter co-signed by Janet Napolitano, the director homeland security, said that federal agencies had already spent $93 million on the spill response, which BP is yet to reimburse.”
When the industry representatives in Congress are in the forefront protecting them from financial liabilities and diligently transferring the burden on the taxpayers,
Besides allowing the federal agency to issue more permits for offshore drilling continuation,
The combined power in Washington and Wall Street determination to ruin the habitat with unsustainable policies is conspicuous.
Not to mention their decisions adding insult to injury endured by ordinary citizens across the coastal region having a ripple effect overall.
The reason to proceed with shallow water or deep water offshore drilling is provided as the necessity to meet the enormous energy requirement in the United States.
With energy and environment directly linked to consumption and conservation, the pursuit of clean energy from natural sources – solar, wind, hydropower and bio-fuel comprise the absolute safe energy solution against the increasingly risky and hazardous resources viz. coal, oil and nuclear energy.
Now the argument is immediate availability of the latter and the projected longer duration to harness the former.
Even though the solar, wind, hydrothermal as well as bio-fuel technology is currently in use, the U.S. investment in these abundant sources is replaced by the energy industry preferred limited resources i.e. oil, coal and nuclear power.
The simple explanation for the less importance to plentiful alternatives over scarce energy resources – which has led to perpetual wars, nuclear proliferation and consequently standoff is profit driven strategy set by the OPEC, ONGC, Coal and Nuclear industry.
Anything that is freely accessible to a large extent with a higher possibility to trade within national and international territories i.e. solar, wind and hydrothermal projects are secondary choices due to the broadening energy supply capabilities inducing competition to the energy monopolies in the industry.
The recent mining accident in Virginia, oil spill in the Gulf Coast, civilian nuclear program used as a pretext for nuclear weapons –
The latest being Myanmar, the military junta is apparently involved in uranium enrichment for a nuclear warhead,
All of it underscore the urgency to adopt energy programs that are environmentally conducive.
In terms of curbing the extraordinary energy demand, the society consuming less and leaning towards environmentally healthy lifestyle is the viable remedy to the burgeoning energy shortage.
For example, California’s recent announcement to ban plastic bags throughout the state and,
Previously guiding the nation on stringent carbon emission standards through EPA regulation to avoid legislative rigmarole are the positive steps to energy saving and life enhancement on earth.
Concentrating on the green technology development to boost green jobs is a favorable short and long term economic and environment goals.
Again, divestment from the conventional minerals to natural elements is the ideal alternative to energy independence.
Unless vigorous investments are made in the solar, wind, hydrothermal, biodiesel etc.,
The world will never be ready to migrate from the life endangering fossil fuel and nuclear energy to the truly green energy production.
Planet sustenance is dependent upon the ecosystem optimized preservation that is violated through prevalent drilling and mining for oil, coal and uranium.
The limitless human wants and desires have contributed to the status quo –
A dire economy, prolonged wars, cataclysmic changes to the environment in the form of extreme drought, flood, tornadoes, hurricane and tsunamis…beyond human control.
It is made worse by the lack of recognition to rein in on the profit oriented energy opportunities depleting the earth’s resources with no regard for the present or the future.
If the energy industry giants conscientiously engage in the energy derivation from sun, wind, water and bio-fuel the demand and the affordability factor can be effectively addressed, particularly with the hydrosphere phenomena –
Oceans covering the two-thirds of the earth’s surface supplemented by sunshine and windy conditions in the equatorial zones.
Instead, polluting and contaminating the natural habitat through risky mechanisms is opted regardless of the carnage from it.
Notwithstanding, the democratic powers political appeasement of the “Petro-dictatorial” regimes merely to replenish the ever growing contemporaneous energy needs.
There are several ways to relieve the society from the energy deficiency.
Reducing the usage and maximizing the above outlined potentials is the origin to end the energy and environment crisis.
Manufacturing and distribution of eco-friendly products and services is an emerging trend but not popularized in practice.
The existing problems related to the economy, energy, environment and political issues are attributed to excess greed, self-interest and dominance ultimately affecting all.
Unfortunately, the political and economic powers resist the environmental dangers in the Gulf coast oil spill and a range of energy industry mishaps for they refuse to steer away from the traditional means irrespective of the tragic outcome.
Expecting different results from the same methods fits the fantasy than the fact.
The position on the ‘presumed’ job losses from these sectors as the justification to resume offshore drilling in spite of massive environmental harm does not bode well for it ignores the similar, if not severe economic experience by the local industries and residents affected in the oil soaked areas.
Moreover, the energy industry is being requested to retain the workforce and not abandon them by diverting to solar, wind, hydrothermal and bio-fuel sources that aptly qualify as –
“Clean energy substitutes.”
Collective reaction rather than actions is witnessed in the Gulf oil spill with BP not demonstrating the ability to terminate the leak altogether into the seventh week of the horrific incident, rendering the numerous livelihood and lives dispensable.
Monetary compensation to the victims and the states impacted by BP’s negligence is the least the oil company could offer in this instance.
Marine life has been significantly impaired creating an ecological imbalance reflective in the deteriorating food pyramid.
Offshore drilling moratorium is negated by simultaneous shallow water drilling permits despite no guarantee in the so-called ‘risk free’ process.
Conflicting preparations are detrimental to the planet, the natural habitat for all species.
Energy challenges in the modern era are best dealt with natural and holistic approach.
Gulf Coast oil spill is just the tip of the iceberg in the energy exploration.
Thank you.
Padmini Arhant
Tragic Events
May 22, 2010
By Padmini Arhant
Heartfelt condolences to the victims’ families of the following events:
India – Air India plane crash in Mangalore, India on May 21, 2010 with more than 160 lives reported to have been lost and the few survivors seriously injured.
Afghanistan – Plane wreckage north of Kabul, from an Afghan commercial airliner with 44 people claimed to have succumbed to the fatal crash.
Insurgents attacks against NATO base in Afghanistan reportedly wounding coalition troops and civilian staff in the repeat assault on a major military installation.
Iraq – A Car bomb had killed 23 shoppers and wounded 50 in a crowded market in a Shiite town near Baghdad.
The loss of life from plane crash and the violent attacks in Afghanistan and Iraq are deeply regrettable.
Time is the best healer in overcoming grief and the victims memories remain as their legacy.
We pray for the departed souls to rest in peace and the injured for speedy recovery.
Happy Mother’s Day!
May 10, 2010
By Padmini Arhant
An opportunity to display gratitude to a mother for her various contributions beginning with the gift of life, endless love, family values and always being there to provide necessary support.
Although, it may not apply to all, a mother’s arduous and joyous experience in giving birth to life in itself deserves respect and appreciation.
A mother nurtures life from conception to adulthood teaching valuable lessons to her offspring.
Mother’s natural instinct to protect her child from harm is seen commonly in life species.
For some, the special relationship may not be shared with a biological parent.
Wherever there is genuine affection, care and companionship, that situation assumes motherhood, fatherhood or both.
Children benefit enormously by growing up in a loving and caring environment. It’s pervasive and has positive effects in life.
Society is represented by citizens and the individual productivity or the lack thereof often reflects the personal satisfaction in life.
Productivity not in monetary terms but the selfless service for greater good is the real achievement that guarantees inner peace and happiness.
A mother plays an important role in early childhood and cultivating those aspirations through simple actions enrich the human character.
It’s similar to sowing the seeds and nurturing all the way for full bloom with widespread fragrance.
On mother’s day, it would be symbolic to honor ‘Mother Earth/Nature,’ for the life sustenance elements and the incredible beauty that brings pleasure to the beholder.
Emulating Mother Nature’s abundant attributes could lead to ‘Nirvana,’ the enlightened soul attaining the universal knowledge.
Mother or Father’s day is everyday for they strive hard to be the family caregivers.
The caregivers are truly acknowledged when the beneficiaries return obligations by attending to the parents or the surrogates’ needs during any crisis particularly in the old age.
Happy Mother’s Day!
Thank you.
Padmini Arhant
For the Record
April 6, 2010
By Padmini Arhant
I have never been on the White House payroll or received any payments in cash or kind from the authorities and any political parties, or anyone remotely associated or affiliated to the political, corporate and any form of organizations in the United States or anywhere in the world.
Furthermore, the humanitarian work has been entirely a free service, on a “volunteer” basis from the beginning and up until now.
Any communication received from or sent to the White House and the political party has been published for the worldview throughout my involvement in politics.
The painting that was mailed by the Chairman of the Democratic National Party, Gov. Tim Kaine with a request to contribute to electing the Democratic Party members was published on the website prior to the final health care vote that I did not endorse.
Unlike the public network pledging to be the ‘voice for democracy,’ who attacked me for not doing so, yet applying my current donation for the negative attributes towards whistle blowers is the irony in public affairs.
Is mudslinging a sign of insecurity or a “Free Speech” misnomer?
I have never met the then candidate and now the President Barack Obama in person nor had verbal conversations during the campaign and until now.
All communications have taken place via email and conventional mail up until last year.
Subsequently, the communication has been through regular mail only.
The materials were all published on the website and available for public review.
Therefore, for journalism to thrive in honor of democracy, I request certain members unnecessarily engaged in unsubstantiated allegations to refrain from defamation of persons dedicated to humanitarian service.
Instead, invest their time and my donations for a productive cause.
Solidarity in promoting truth and justice is required from the media and the press corps, the only hope for democracy to succeed.
Human values are determined by their actions and the noble virtues reflected through their courage to face those challenging the ideals.
I remain steadfast in lending the voice to the voiceless and will continue to strive for peace on earth.
Thank you.
Padmini Arhant
Happy Easter
April 4, 2010
By Padmini Arhant
Easter Sunday is a moment to rejoice Lord Jesus Christ’s resurrection to life.
It’s a joyous occasion to realize the power of love and truth revealed by the son of God, Lord Jesus.
Lord Jesus Christ touched upon many hearts and the lord continues to be the radiant light for all those who seek the lord’s grace in life.
Happy Easter!
Thank you.
Padmini Arhant
Pesach or Passover Seder
April 3, 2010
By Padmini Arhant
The important Jewish festival that commenced on March 29 and observed until April 6, 2010 is symbolic to freedom.
A family celebration that involves a traditional meal set in a neat order known as ‘Seder.’
Passover is mainly focused on the suffering endured by the Jewish people in the biblical and modern times with a commitment to revive hope, redemption and faith.
It’s particularly related to “God freeing the Jewish people from slavery in Egypt, led by the prophet Moses,” and,
The twentieth century holocaust – a horrific crime against humanity that should never happen again to any human being anywhere in the world.
Religious occasion is a moment to rejoice and reflect on the meaning of life.
Human beings have tremendous ability to transcend negativities and prevail in promoting freedom, equality and peace.
Renouncing violence is the beginning of the end of human tribulation.
Universal love and peace is the core message to the world in conflict with one another.
“Chag Pesach Sameach” / “Happy Passover” to the Jewish families in the United States and across the globe.
Thank you.
Padmini Arhant
Holy Week – Good Friday
April 3, 2010
By Padmini Arhant
Today marks an important day for those who pray to Lord Jesus Christ, the son of God and the savior of humanity.
Lord Jesus selflessly offered his soul to absolve many of their sins.
The caring and compassionate lord taught human beings the virtues that lead to salvation.
Lord Jesus Christ had to bear the cross on this holy Friday and the lord’s sacrifice exemplified his love for all human beings.
Lord Jesus teachings disillusioned many on the facts of life.
Through positive thoughts, words and deeds, it’s possible for the suffering soul to attain eternal bliss, i.e.
Strive to be worthy of Lord Jesus Christ’s grace, mercy and blessings.
Holy Good Friday to all who believe.
Thank you.
Padmini Arhant
Afghan War after Troops Increase
April 1, 2010
By Padmini Arhant
The latest on Afghan war after adding more troops to the nine-year-old battle, a contentious debate that was dominant last year.
Associated Press – Sunday, March 28, 2010.
By Sebastian Abbot – Thank you.
“Troop deaths rise in Afghanistan – Numbers soaring as U.S. adds soldiers
Kabul – The number of U.S. troops killed in Afghanistan has roughly doubled in the first three months of 2010 compared to the same period last year as Washington has added tens of thousands of additional soldiers to reverse the Taliban’s momentum.
Those deaths have been accompanied by a dramatic spike in the number of wounded, with injuries more than tripling in the first two months of the year and trending in the same direction based on the latest available data for March.
U.S. officials have warned that casualties are likely to rise further as the Pentagon completes its deployment of 30,000 additional troops to Afghanistan and sets its sight on the Taliban’s home base of Kandahar province, where a major operation is expected in the coming months.
“We must steel ourselves, no matter how successful we are on any given day, for harder days yet to come,” Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, said at a briefing last month.
In total, 57 U.S. soldiers were killed here during the first two months of 2010 compared with 28 in January and February of last year, an increase of more than 100 percent, according to Pentagon figures compiled by the Associated Press.
At least 20 American service members have been killed so far in March.
The steady rise in combat deaths has generated less public reaction in the United States than the spike in casualties in the summer and fall, which undermined public support in the United States for the mission here.
Fighting typically tapers off in Afghanistan during the winter but peaks in the summer.”
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War Strategy Assessment – By Padmini Arhant
The troops increase to Afghanistan was a national debate last year with mixed reaction from all sources.
It’s important to emphasize that there wasn’t an overwhelming public support to the additional troops deployment in Afghanistan.
There were many reasons for the lack luster response.
Among them, the most relevant ones being:
The U.S. and allies’ nomination of President Hamid Karzai as the head of the government for second term defied the Afghan people’s will.
Notwithstanding, the international outrage on the fraudulent general election that led to the opponent, DR. Abdullah Abdullah’s withdrawal from the election.
Another factor is the U.S. occupancy in Afghanistan approaching a decade and the constantly changing ‘purpose’ behind the mission remains intriguing until now.
After much deliberation, President Barack Obama decided to approve the request from the defense high command and argued, “It’s not an easy decision to do so.”
Indeed, pledging the troops’ lives to succeed in the targeted goals is never a simple action.
However, a prolonged war provides enough evidence to consider winding up the operation or at least minimize the troop level by supplementing with diplomacy and peaceful negotiations.
Peace and diplomacy could have prevailed with a democratically elected government. It was thwarted by the U.S. endorsement of an unpopular candidate.
Further, the explanation for more troops involved the U.S and NATO efforts to restore political stability in Afghanistan and terminate the Taliban/Al-Qaida activities.
The irony is, the Afghanistan political situation under the U.S. backed Karzai government shows no improvement in governance, despite the incumbent Afghan President being the U.S. foreign policy designates’ choice.
Similarly, the shift in the U.S. and Afghan government’s strategy towards Taliban insurgents appears to be a new approach to win the militants on their side with cash payments and abandoning the poppy fields eradication – the main source of income for the Taliban forces.
An action that is widely criticized by the human rights groups against narcotics in Afghanistan.
As predicted, the tension between the Karzai government and the U.S. administration has surfaced confirming the mistrust in the relationship.
While the political stalemate between the authorities in Kabul and Washington persists, the mounting U.S. casualties in the Afghan war cannot be ignored.
Troop withdrawal from Afghanistan and Iraq is no longer a choice but an immediate requirement to end the procrastinated occupation in foreign lands.
Divestment from wars to social and economic development in these regions must begin to reflect the sincere commitment to bring hope and opportunity in a society deprived of normal existence for decades.
Substituting the combat troops with Peace Corps eliminates the tragic loss of lives on all sides.
In addition, the peaceful atmosphere would deter terror recruitment and foster an environment for the youth as well as others to build their nations towards a positive direction.
Now is the time for the U.S. authorities in the White House, Pentagon and the State department to relinquish failed policies that is proved a liability claiming precious lives and contributing to the rising deficit.
War leads to grief, revenge and destruction.
Whereas, peace is an eternal bliss.
I convey my condolences to the families of the fallen heroes and pray for the early recovery of the wounded brave hearts.
Your sacrifice makes freedom possible for all.
Thank you.
Padmini Arhant
Federal Program Evaluation on Mortgage Refinance and Foreclosures
April 1, 2010
By Padmini Arhant
Please refer to the details laid out in the preceding articles from other news organizations published on this website under the title ‘Mortgage Refinance and Foreclosures.’
Information is also available in the article, @www.mercurynews.com
“By Sue McAllister – San Jose Mercury News, Saturday, March 27, 2010 – Thank you.
“Titled – Debt Relief – Mortgage program: Who will benefit?
Answers to how the federal plan will work and whom it will help”
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Program Evaluation – By Padmini Arhant
Making Home Affordable program targets the vulnerable homeowners on the verge of losing their homes.
Mortgagees who are unemployed, underwater and delinquent in their payments could seek assistance upon they meet the criteria.
Aligning mortgage debt with the asset value in order to help people retain ownership is a prudent measure to stabilize the struggling housing market.
It’s evident from these news reports that the program is well intended but the burden rests on the taxpayers through,
Federal Housing Administration insured loans absorbing the entire risk on potential loan default,
And,
Incentives to lenders to reduce principal value for the underwater and unemployed customers provided from the TARP funds…
The finance sector responsible for the subprime mortgage crisis is exempt from any liability.
On the contrary, they are being coerced with the federal funding that appears to be inadequate to rescue the vast majority from foreclosures and loan qualifications.
Federal programs or reform requires oversight to ensure the rules adherence by the industry.
Again, an independent / non-profit consumer rights agency is appropriate to avoid the conflict of interest.
As stated by the consumer advocates, the bankruptcy procedure for loan modifications is more reliable than the service offered by the federal partnership with lenders.
When a particular method is not yielding the desirable results, it is best to choose the option with a positive outcome.
Since the rules are ignored by the industry, setting consequences for non-compliance is an effective approach to limit the program failure.
If the borrowers are subject to terms and conditions then it should be applicable to the lenders as well.
Finally, the program would be beneficial with the banks accepting a fair share of monetary obligations in the principal reduction and the refinancing structure, having been the beneficiary of taxpayer bailout.
Thank you.
Padmini Arhant
PadminiArhant.com