2. Me placing FD with BR or MBSB - NO. Lack of service is not the issue here, I have mentioned long ago in previous thread that I am against using the rakyat money to bailout greedy people who go deposit with financial institutions offering higher % rate... And for those anti BN who go deposit in BR for higher FD rate - you guys are hypocrites.... (I do not expect many to understand this paragraph... or maybe none at all, hahaha).

This is interesting......but not clear what actually Gen X meant . I hazard a guess here Gen X, i stand corrected.
1) BR and MBSB are government instruments - so if you hate BN, do not put FD with them there.

2)Put FD in BR or MBSB , you cannot lose  your money becos even if BR/MBSB go bancrupt,government will bail you guys out, and this GEN X is against government bailing you guys out.

betul kah Gen X?

Bro, like I said many won't understand what I said. You have to go and read up how BR came about being under MoF and how EPF landed being the major shareholder of MBSB.

1) Wah, I am surprised to see you use the word hate which is related to emotions.  If a person really hate BN, today he won't be bothered about FD but unable to sleep nor and eat knowing BN is in power, hahaha. Anyway, here is an example I can give you - Go check who is BR chairman. Imagine, if LKS was appointed BR Chairman in the event PR somehow take charge of the government, would Perkasa supporters go deposit with BR? And boy would I love to know how much (if any) both these institutions donated during the last election ( or generated funds indirectly for election war chest ).

2) Of course the depositors loosing their money is slim in BR or MBSB, as you mentioned and history has proven that government will bail these institutions. However, I doubt the government will need to bail out any of these two institutions in the short term because like I said they making unbelievable profits from the civil servants. As for your item 2, final part, I guess my earlier statement touched one of your nerves, hahaha. I can easily misquote you and state that you support the use of the Rakyat's money to go bail out mismanaged companies over and over again or even further that you support government bailing out greedy investors who have lost money in quick rich schemes... but I believe that is not the case.

We all have a choice where to deposit our money, either into banks subjected to BNM strict guideline paying less interest and the money protected by PIDM to a certain amount OR into some non-bank not subjected to BNM guidelines paying higher interest rate and knowing that the government will use the Rakyat money to bail these institutions when they are mismanaged. To me it is a matter of principle, however most are ignorant but for some it is pure greed. So YES, I am against using the Rakyat's money to bail out companies/organization which have been mismanaged due to in-competencies, corruption, greed etc etc and that include the banks too.

This is fun discussion instead of repeating the same FD promo until new FD promotions are out 

Bank Rakyat is under direct supervision of BNM under the DFIA act.
Most of us also think EPF has been also treated as a cronies piggy bank.

........ money to bail out companies/organization which have been mismanaged due to in-competencies, corruption, greed etc etc and that include the banks too.

This is fun discussion instead of repeating the same FD promo until new FD promotions are out 

Captain, if you think about the crony issue, this topic relates to many sectors and that will be no ending for discussion..

For bread without crony is Massimo, I believe you know about this.

For banks without crony, only Public bank and foreign banks left.
I will never put my FD in Public bank because of the low interest rate, in this case, I do not care whether it is a crony or not. 

About the greedy for high FD rate, it is quite normal for everybody to aim for the possible higher interest rate. I think it is
quite controversial if this involves of crony issue, but I agree this probably should take into account.

Singapore dollar and US dollar rise against Ringgit like a rocket lately..

I cannot imagine what will happen if one Singapore dollar hits Ringgit 3.00..?  Many people believe this will happen
very soon..

What will happen on our FDs if Ringgit is keep depreciating..?   Back to history during 1997/1998?

S$ 1 = RM 2.594  --> Hu..hu..  
US$ 1 = RM 3.330 --> will go up again..?  
AU$ 1 = RM 2.982

YES, I am against using the Rakyat's money to bail out companies/organization which have been mismanaged due to in-competencies, corruption, greed etc etc and that include the banks too.

This is fun discussion instead of repeating the same FD promo until new FD promotions are out 

Premier Banking ???

Bro, true that it is normal for us to aim for higher FD rate. Like I said, we have a choice. And once again it is not about cronyism but my personal choice based on my principles. 

Let me put in another way -

If there is no guarantee by the government that Rakyat's money will be used to pay the depositors of BR, will educated people that come to this forum deposit with BR? Most probably not. But because they know the Rakyat's money is there to bail them out when these companies are mismanaged, they go deposit there for no other reason except that they can get more money. So what is the difference between these selected few people and politicians that uses/receive/steal/misuse Rakyat's money for their own benefit?

Captain, I retrieved some emails that sent to me about Massimo bread quite some time ago:

---------------------------------------
Please give all support to this brand of bread. This is the Robert Kuok new brand. Main reason after Gardenxx "string influenced" is taken over by Rxxxxx family,

the original long term flour supply with Federal Flour Mills (FFM) has been cancelled. In order to sustain the business and livelihood of all the FFM workers,  Robert Kuok decided to come out with his own brand of bread, many tried and feel that it is tastier and cheaper.

All Malaysian xxx must know, Gardenxx used to go with FFM flour in the past. Lately, Gardenxx is taken over by Bernas and the first thing done was not to buy flour from FFM. This is because FFM belong to Robert Kuok. Now everyone knows why he created Massimo bread. Wow, these "XXX", cannot take over other people's company and wanted to take over the big time customers. please forward to all Malaysians and use the PEOPLES' POWER and send Gardenxx to "Holland".

Can watch Robert Kuok rare interview with CCTV below (mandarin).... 19parts abt one hour.. just vieand you will know how humble this man.

http://www.youtube.com/watch?v=CeS8aenOCno...D9028A7B0E9E53D

----------------------------------------
Buy Massimo Bread
 
Let's support the new Massimo bread by Robert Kuok and boycott Gardenxx bread owned by Umxx crony, Syed Mokhtxx Tradewixx group. Massimo bread has finally arrived in Penang. During promotion the wheat gem bread is sold at only RM2.50 as opposed to RM3.20 for the Gardenxx and Hi-Fi brands; go check it out.

-------------------------------------------
I buy my @ Rm2.00 per loaf in Section 17 PJ.  At this price I save RM 1.20. I was told some shops sell it @
Rm 1.80 in Sentosa.  The weight is he same as Gardenxx and Hi=Fi. Very tasty and nutritious.

I recommend you switch over and save. I was given to understand that Robert Kuok is also a big timer in flour
industry besides sugar which Umxx took over by 'force'  and the Umxx goons do not even buy the flour for their
Gardenxx bread on purpose.  This policy impoverishes the people in general but line the pockets of those crony goons. 

-------------------------------------------------
Let's support the new Massimo bread by Robert Kuok and boycott Gardenxx bread owned by Umxx crony,
Syed Mokhtxx Tradewixx group. Massimo bread has finally arrived in Penang. During promotion the wheat gem bread is sold at only RM2.50 as oppose to RM3.20, go check it out.

http://theitalianbaker.com.my/bread.html
Captain, I do not expect BR will bankrupt. 

I guess if something goes wrong with BR, Ministry of Finance must have some legit solutions standby to rectify it.

Thank you for sharing your opinion. 

If the concern is about Rakyat (tax payers) money, then I think this recent news should brought us attention:

Pemuda UMNO Tentang Peminjam Tegar PTPTN Disenarai Hitam

KUALA LUMPUR 20 Ogos - Hasrat kerajaan meneyenaraihitamkan peminjam Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) yang ingkar ke dalam Sistem Maklumat Rujukan Kredit Pusat (CCRIS) ditentang oleh Pergerakan Pemuda UMNO.

Ketua Pemuda UMNO, Khairy Jamaluddin berkata, kerajaan seharusnya mengambil pendekatan lain bagi mengumpul kembali dana yang dipinjam dari badan tersebut dan bukannya menyenaraihitamkan dibawah CCRIS.

"Keutamaan hendaklah diberi kepada tindakan bersepadu yang juga mengambil kira pemberian insentif bayaran balik serta kaedah pembayaran anjal yang mengambil kira situasi semasa peminjam," katanya dalam kenyataan kepada media di sini, hari ini.

Menurut Khairy, hutang pendidikan PTPTN merupakan keperluan bagi meneruskan pengajian ke peringkat lebih tinggi dan ianya bukanlah pinjaman pilihan peribadi seperti pinjaman kad kredit atau pinjaman kenderaan.

"Harus diakui bahawa pinjaman PTPTN bersifat keperluan kerana kerajaan tidak menawarkan pendidikan percuma sepenuhnya di institusi pengajian tinggi dan keperluan memiliki kelulusan sama ada diploma mahupun ijazah adalah penting bagi pembangunan kerjaya dan intelektual seseorang anak muda," katanya.

Jelasnya, PTPTN harus menggunakan kaedah yang lebih efisyen bagi memberi imej yang lebih baik terhadap badan yang memberi bantuan kepada golongan muda untuk melanjutkan pengajian di peringkat yang lebih tinggi

Pandangan Khairy turut dikongsi Presiden Solidariti Mahasiswa Malaysia Muhammad Safwan Anang yang menganggap tindakan memasukkan peminjam PTPTN yang ingkar dibawah CCRIS akan membebankan golongan muda.

“Walaupun kami menuntut PTPTN dimansuhkan, namun tindakan yang boleh menyebabkan penyenaraian hitam nama kepada peminjam PTPTN itu perlu dikaji semula," ujarnya.

http://networkedblogs.com/Ohs5s

actually i don't understand why don't blacklisted into CCRIS. IMO, thisi s the only way to make them pay! Always pinjam puinjam pinjam but no return just like wtf la... U borrow, u return, fair and square right? Why don't return. Totally can't understand... Actually i am neutral bout politics, i will go for the good gov no matter where they come from. However, the only good this i see is this CCRIS thing, but opposed by that people

Received mail from Affin yesterday
1-3 mths 3.68%
4-6 mths 3.78%
7-9 mths 3.88%
subject to 20% in CASA

Any comments?

Just received invitation from Bank Rakyat for this Friday.

Ha ha, so go or not to go ??    Will I be eating into rakyat's money ?? 

Received mail from Affin yesterday
1-3 mths 3.68%
4-6 mths 3.78%
7-9 mths 3.88%
subject to 20% in CASA

Any comments?