lol

True. It takes a team to completely stuff it up.

My view,

The root of problem of current crisis is due to several factor :

1. Interest rate was too low (1%) which prompt investment bank to go for risky asset (like subprime) to generate more return rate as 1% simply too low.

2. Lack of regulatory framework to control, which investment banks or finance instituitional can leverage up until they wish eg. 1: 30+ ratio for some finance instituition aka you have 1 dollar but can borrow until 30 dollar to do business or use it for investment.

3. Greed, which resulted a lot of toxic investment product or exotic derivatives which was a darling before problem emerged but become a toxic now.

4. Housing bubble worsen the situation as with housing bubble, finance instituitional lend even more.

It is a combination factor which lead to problem now.

Just like one person always like to eat goreng stuff, then eventually too much oilly foods which resulted in sickness. But none of a single piece of fried chicken or french fries or mee goreng that is resulting the sickness.

This post has been edited by cherroy: Sep 17 2008, 02:02 PM

Even if Anwar has not taken over the present government, what he does is pretty cunning. He's scaring potential businesses and foreign investments and indirectly causing Malaysia to go bankcrupt (since we already have a huge budget deficit). Although PM says he won't back down, he's in a precarious position to fix the country's finance and boost growth. Therefore it doesn't matter if Anwar's threat is credible because either which way the country is headed to bankcruptcy.

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Added on September 17, 2008, 2:02 pmUpdate:
Prime Minister Datuk Seri Abdullah Badawi and his deputy Datuk Seri Najib Razak are holding a joint press conference at 1pm at Putrajaya to reaffirm their commitment to the transition plan. Najib is likely to be given a new cabinet position. More to come.

www.malaysiainsider.com

This post has been edited by AdamG1981: Sep 17 2008, 02:02 PM

do not forget that many MPs are still in Macau or somewhere, how to jump ship when they can't present themselves personally? Who knows they might be asked to stay back up to 24 sept. (Anwar's trial)

The mind games Anwar is playing is destroying UMNO internally and these internal bickerings causing rift between BN parties as well. Time is not on Anwar's or UMNO's side and both parties will only lose out in the end as the country's future darkens.

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Added on September 17, 2008, 2:33 pmFKLI Sept 08: 1002 last done

This post has been edited by AdamG1981: Sep 17 2008, 02:33 PM

Najib name Finance Minister effective Immediately. Another Richard Fuld or Martin Sullivan?

Najib takes over as financial minister...

Najib as finance minister? LOL!!

No wonder FKLI is dropping.....

I'm really LOL for this. So who will takes over Najib previous post?

About 5 years back, US corporate worlds were demanding their CEOs to grow the businesses and profit by at least 15% a year. There is no other excuse not to achieve it , than to resign.

And through so many merging and so on, this target is not easy to achieve for giant companies. Moreover. a single CEO needs to know multiple lines of businesses. Can he or she do it ? Or he or she just pass the orders from the top to the bottom. You ether do or leave it ?

So many creative ways of doing businesses emerged, so called investment products.

Likewise for Maybank buying so many investments in overseas at one go , are we following the footsteps of Americans ? Are they able to cope or not ?

This post has been edited by SKY 1809: Sep 17 2008, 04:24 PM

Eh you are right, then who's going to look after the C4s?

Market didn't like the appointment at all.

This post has been edited by AdamG1981: Sep 17 2008, 02:48 PM

LOL at this...

Eh?Abdullah takes over Najib's job as Defence minister. Why the swap?

Update:

FKLI Sept 08 994 last done

Intraday low: 993

Who else other than pak larr.

Some 1 wants back the powder

Finance minister post is the most important post in the cabinet, and usually the next PM will hold this post before officially becoming PM.

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Added on September 17, 2008, 2:55 pmPak lah kata jangan.......

This post has been edited by AdamG1981: Sep 17 2008, 02:55 PM

These 2 men can do a lot better than any of our current ministers.... Najib to be compared with them?

So things are arranged to your predictions of 900 ?