Folks,

I am WORRY enough to increase my emergency fund to 3 years from 2 years. So, be careful. Make sure that you have the staying power to survive first.

Dreamer

alivecmh,

Come on. If a bank is only worth $1 and you adjust the accounting rule to let it reports that it is worth $5, how does THIS makes any different?? In fact, it will make it worse!!!

As an investor, I want a TRUE PICTURE of what a bank worth before investing. A blurrier picture just make me stop investing TOTALLY.

Let's have some common sense thinking here. People have LOST TRUST on accounting for banks. To earn trust back, you need TOUGHER accounting rule. Not a looser rule.

Dreamer

Folks,

I would like to remind to many of you that whenever BNM lower the interest rate, RM will go down. And, that will hurt those companies with a lot of foreign currency debts. A good example will be TNB. So, check your counter and find out how much foreign currency debet that they have.

Dreamer

All,

Could someone please tell me what is the foreign borrowing level of our banks?? With interest rate and RM going down, I assume that will put pressure on banks' profit.

Thanks in advance.

Dreamer

This post has been edited by dreamer101: Mar 13 2009, 07:18 PM