American Get Screwed

Hantu Laut

The US Senate has approved the US$700 billion bailout package to save the moribund financial sector from biting the dust.The contentious bill is expected to go back to the House of Representatives tomorrow for final approval by congressmen.

This is the biggest bailout in the history of America without which the economy could go under and into serious depression similar to the Great Depression of the 1930s which started with the meltdown at Wall Street on 29 October 1929 that precipitated widespread panic and the onset of a prolonged depression not only in America but throughout the world.

Chicago, 1931

Shouldn't the top billionaires in America who probably had benefited much from the troubles of the financial markets also be asked to come to the rescue?

Much of the troubles started from highly innovative and risky financial derivatives, over-extended credit,over-speculation of trading in stocks and bad financial management.Some of the top CEOs in America are undeservedly overpaid with some having pay packages running into hundreds of million.Their over-indulgence in highly speculative financial derivatives were the cause of the meltdown.

In America,the poor getting poorer ,the rich getting richer and the taxpayers getting screwed.

The American taxpayers should demand that the government should also find the culprits to this astronomical financial disaster and bring them to book if there were criminal act in their dealings.

The financial system has gone completely kaput.The banks assets to capital ratio are diminishing every day and whether the US$700 billion is sufficient to save the sinking ship is not yet known.

The rest of the world should brace themselves for the shock waves that may reach their shores soon.

Selamat Hari Raya

Malaysia wracked by slow, uncertain leadership change

Hantu Laut

An interesting article from the 'Vancouver Sun' that pretty much sum up what went wrong with the politics in Malaysia.Although I don't agree with the government inflation figure(I think it's higher) it has placed Malaysia's inflation at a scary 27 %, which should send shivers down the spines of the boys at the Ministry of Finance.I am sure readers can spot other inaccuracies in the report.

Malaysia wracked by slow, uncertain leadership change

Jonathan Manthorpe, Vancouver Sun

Published: Monday, September 29, 2008

Malaysia, once one of the most politically stable and financially sound countries of Southeast Asia, is being wracked by the uncertainty of a seemingly interminable transfer of power.

Prime Minister Abdullah Badawi, a courteous but ineffectual leader, has been on the skids since the ruling coalition led by the United Malays National Organization (UMNO), narrowly retained power in March elections.

Significant factions within UMNO want Abdullah to resign soon and hand over the party leadership and government to his deputy, Najib Razak.

These calls for Abdullah's head are driven by the apparent resurgence of Anwar Ibrahim, the previously disgraced UMNO deputy leader and now head of the opposition People's Alliance coalition.

Anwar claims there have been so many defections from the ruling alliance since March that he now controls a majority of seats in parliament and should be prime minister.

But despite the economic decline that sees inflation at 27 per cent and capital flight accompanying this political uncertainty, no one will wield the knife on Abdullah. It's a measure of the supreme importance of good manners and respect for power in Malaysian society.

"We want to ensure that the power transition process does not affect Abdullah's honour. It must be done in a dignified manner," said Trade Minister Muhyiddin Yassin on Friday. Read more....

Sex ,China Dolls and Satan

Hantu Laut

Zul Hassan had reportedly told pressmen: “What is important is we did not ask for the women. He (Mohammad Imran) supplied them to us.

“If people sedekah (donate), don’t you want to accept it?” he had supposedly said.

Goodness me! Immoral act of having sex with a prostitute is a sedekah(alms) ?

Sex paid for by someone else, how low can you get? Lodged a report against the same person who supplied sex F.O.C, how stupid can you get?

Can't you differentiate between what is halal and what is haram?

Zul Hassan a PKR member and appointed councillor and businessman Fairul Azrim Ismail lodged a report with the state religious department against Mohd Imran Abdullah(Satan) for encouraging them to commit a sinful act with a woman from China.

Mohd Imran lodged a corruption report with the ACA against Zul and 4 others earlier.

This rookies should learn from the seasoned politicians how to be corrupted and not get caught.

It seems there is little chance of Malaysians getting a clean government, one that will be free of corruption as promised by Anwar Ibrahim if he took over the government.Even now he can't control his men what more if PKR took over the national coffer.

We may get rid of one and bring in another group of monsters.