The Blame Game Continues

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What lessons have we learned from high-profile crooks like Bernard Madoff and Allen Stanford ? Are they any different from the gangsters and organised crime bosses that makes their money in similarly illicit fashion. Are they worse than the rats,flies,maggots, cockroaches and all the vermin that humans find awfully disgusting.They can cheat you for yonks without you knowing it.They live the high life at the expense of those they cheated.

This is the where they talk so much about high moral, transparency and accountability but are now caught with their pants down. The West, themselves, rotten to the core.These are the crooks and scoundrels of the financial world, the money mincing machines that not only bankrupted their own companies but other innocent individuals and countries.

Below are some articles that decried the unpleasant and unconscionable action of those people whom we placed our trust in.

Are executives villains or morons?
In the past few months, we've been riveted and disgusted by the exploits of scamsters like Bernard Madoff and Allen Stanford (characters who, if they didn't exist, would have to be invented by Tom Wolfe). It's both easy and convenient to hold them up as the ultimate symbols of the just-ended boom. But we shouldn't. While there was some crime in the mortgage industry, law-abiding, respectable, upstanding citizens caused the overwhelming majority of financial losses suffered thus far. Skeezy money managers and mobbed-up boiler rooms didn't create the economic catastrophe. Read more....

PHOTOS:

Who Is To Blame?

There are plenty of people who contributed to the sad state of our economy. But when it comes to bad decision making, these seven folks arguably deserve the bulk of the blame. (Want to add to this hall of shame? Follow the e-mail link at the end of this gallery.)

Is Wall Street Evil?

Americans have always hated the moneymakers, rather than hate themselves.

See Who's Talking Now

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He was one of them, who, hardly a month ago, kept saying no recession will come to Malaysia.

Second Finance Minister Nor Mohamed Yakcop has woken up from his slumber and came to his senses that the nation is indeed in trouble.However, he doesn't know how serious is the trouble and what the government intends to do other than saying Malaysians must stand united regardless of race, religion, political or ideological differences as only through a united stand could the future generation reap the benefits.

That's a political talk not a solution to the economic problems. Read it here.

The 'Lion Of Bukit Gelugor' Is A Ruffian

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Although, many of us are appalled at the way UMNO youths try to rough up Karpal Singh in Parliament, he is not completely blameless. This combative old coot in a wheelchair is a ruffian.He is a lawyer and should know it was wrong of him, without proof, to accuse UMNO Youth as the culprit who sent him the bullets.Anyone could have sent it including those in Pakatan waging dirty war to discredit UMNO in the eyes of the people. His aggressiveness, uncompromising position and fondness for flabbergasting and abusive rants has earned him detention under ISA and suspension in Parliament. His aggressiveness and combative personality are the likely cause of his constant huff and puff.

His accusation without the burden of proof would certainly invite nasty responses from those who are short on fuse.

He might be wheelchair bound but he is no weakling.He should now be called the 'Lion of Bukit Gelugor".

What's Wrong With This Government ?

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The government had no choice but to allow the toll hike because it was stated in the concession agreements said The Minister of Works Mohd Zin Mohammad.Wonder where this guy come from ?

He certainly doesn't have what it takes to be a minister. Completely clueless about the current state of the economy. He is probably another one of those who thinks Malaysia is not in a recession and there is no need to care for the welfare of the people.It is minister like this that makes the people hate the BN government. Sheer arrogance and no skill in dealing with the masses. Surely, we all know those things are in the agreement and we certainly don't need a dim-witted minister to tell us that was the reason.

In every business, no matter how tight the agreement is, there is always room for negotiations and in this particular case it is Mohd Zin responsibility to negotiate with the concessionaires to suspend or postpone the increase until the economic climate has improved.If such negotiation failed to bring the desired result than the government should pay the concessionaires the price increase.After all it's taxpayers' money that they are going to use.It's the government, not the people, that signed those lopsided agreements putting too much money in the concessionaire's pockets.Some are cronies of those in power.

To show how screwed up the system is.... the example of how the CEO of Tenaga Che Khalib Mohamad was chosen as 'CEO Of The Year 2008' when the company he manages posted huge losses of almost RM1 billion in 2008.The people at Business Times ought to have their heads examined.

This is the time when government must react to the people's problem and do it utmost to lessen the financial burden on the people.This is the time when government should take care of the interests of the masses not just the interests of a few towkeys or some manufactured Malay entrepreneurs who were there simply because of the goddamn policy rather than their own capability.

This is not the time to overtax the people with additional expenses which the government could well absorb itself.There is little doubt that the minister concerned lack experience and is probably too lazy to put in an effort to negotiate with the concessionaires.Of course, it is easier to say the government had no choice.

It appears that the Prime Minister either has no knowledge of this critical issue or flip-flop again, otherwise, he wouldn't call for a review. Like most of us he probably found out after reading the newspaper.Would you believe such an important issue that going to affect the livelihood of the people was not brought to the PM's attention?

This government must have the worst cabinet ministers as far back as I can remember.They are void of any talent and incapable of making intelligent decisions.In everything they do, the BN ministers, knowingly or unknowingly, sabotaged their own government.Already in a precarious position, having lost two by-elections and with three by-elections in the offing they still can't make sensible decision.

A government of the people, by the people, for the people, shall not perish from the earth. (Abraham Lincoln)

This one might.