Tsunami? I thought that only happens in real economies run by financially literate free economies that have to abide by internationally recognized market rules and order? Well, Iran does have an economy but not the kind of economy you and I, living in the west, are used, it's economy consists of hundreds of smaller gang leader style economies all joined into one big economy working along side of twenty million plus exclusive private ones.
When a new president is elected in Iran for many hundreds of first line big economies there, it creates or serves a notice of bankruptcy which means clear your desk by tomorrow or risk being jailed or suffer a most painful death because my guy needs to sit at your desk and run his own financial mafia type family. When this happens all the big guys change, and the big guys change the little ones below them, and the little guys change everyone else below them, so you get a complete house clean from top to bottom, even the guy who brings tea for the little guy at the bottom is changed too just in case he is not still loyal to the last little guy. Is this because the new guys disagree with the way these officials served the people? Or these guys did not meet targets? Or people complained about them? No! The simple quick answer is, they are replaced simply for the reason that they have been ripping people off and making good money, so they need to go and our guys from our family and friend circles to replace them and start making money for the next few years.
Did Ahmadinejad do the same? Not at first, although he did change many right at the beginning and also tried to change a few others, it took him a few years to do that. People like Rafsanjani, Jaasbi and few other long time behind their desks and people like Rafsanjani’s son and daughter, etc. who had jobs ranging from Tehran's metro chief to veterans affairs were making tens of billions of tomans monthly. The more Ahmadinejad and his gang tried to remove the big fish, the more they realized how much money was being earned by some and it was tempting to do the same themselves. The Azad university was price tagged at 250b dollars 4 years ago with an income of over 20 billion dollars a year, giving students third rate educations in remote areas of Iran some times in middle of desert with a three story building and a Bank Melli branch next to it to collect the student tuition fees. The head of this university was Rafsanjani and his deputy in command there was Jaasbi, the two most powerful guys with financial means to destroy Ahmadinejad's dreams for the future. After 4 long years of studying the big fish that Ahmadinejad was having problems to remove as easily as other smaller fish, he decided his own gang members could enter similar businesses to ensure his grip on power. Although we do not hear his views or thoughts anymore on the state run TV due to the state sensorship placing a black out on him, this does not mean that he is not ambitious anymore.
Ahmadinejad's ambition was not to get rich, his ambition was to destroy this gang of big fish exclusive club at all cost with all means, even if it meant he had to steal himself to get rich to challenge these guys or bring them down economically. So what did he do? What is he is doing right now? He made a multi facet get rich quick moves a few years back while he was still the apple of the supreme leader. His long time friend and his son's father in law, Mashaei, started this by opening a private bank with initial starting capital of "0" but an I owe you note of 25 billion tomans to the Central Bank of Iran (CBI) to get permission papers to set up a private bank called "Tourism bank" Banke' Gardeshgari. The CBI did not agree to issue a license for the bank and stopped the already expanding branches all over Iran, until the head of CBI was sacked and replaced by Bahmani who then gave an operation certificate for a bank which started with zero back up money to ensure depositors monies but had given the bank worthless piece of IOU note called a "Safteh" in Iran. By locking its customers into long term deposits where the account holder of many cases could not touch his or her money for 5 years, it gave an unusually high interest rate, an interest rate that was capped by the same Ahmadinejad for all other banks at 12%. Bank Gardeshgari in some cases gave up to 19% interest to its customers or victims without being challenged by the CBI, whereas if State-owned Bank Melli had just increased its rates to 13%, it would have been fined.
Who are these tourism bank staff and backers? They consist of ex-loyal lower rank crooks and thieves who defected the last regime of Khatami to join Ahmadinejad from Mirasseh Farhangi and Gardeshgari, two organizations which became one by Ahmadinejad. Where is this Tsunami? If you had time to read the news in the past few months, you would have noted little here and little there flash news about Ahmadinejad, ranging from taking away his newly opened university to monies stolen by him, to ceasing assets and properties owned by him to... He is in fact being striped down to his underpants by small, but systematic cease and closures to stop him from ever gaining power in any place to do any damage ever again. So what has he got up his sleeve to not worry about any of these? Tourism bank! A bank that cost him nothing to set up just an IOU note that means nothing in a real court for trillions of tomans owed to depositors? What I think he is doing to rip people off is filing for bankruptcy and pocketing all the depositors’ monies, while the CBI, which issued the license, has to repay a certain amount to depositors under the guarantor law of banks by the state. There is more to this, but another time!