ABSTRACT

This chapter recounts the process of retrieving trust of the depositors in the credibility of banking which engaged the state, the banks and the press. The banks shifted the onus to the state and to the depositors’ vulnerability to rumours. The state appealed to the people to be calm, but without taking any punitive steps against the offending banks. In fact, the state refused to take the responsibility of the losers, mainly the middle class with a large segment of poor refugees. The press was deeply sympathetic about the losers and critic of the adiaphoric state. Civil society critique of greed took the form of critical writings and plays.