The country will go bankrupt if the government continues giving out subsidies, says Tengku Razaleigh Hamzah. I suppose this is a statement of support for the recent increase in the price of petrol and a vote of no confidence on Anwar Ibrahim’s pledge that Pakatan Rakyat will reduce the price of petrol if or when it comes to power.

I do not quite agree with Tengku Razaleigh’s statement or with what Anwar Ibrahim has pledged. First of all, for Anwar to say that the petrol price should not have been increased is easy. We don’t want to know about what should not have been. We want to know what should be.

Can Anwar please table his economic blueprint so that we can see what he has up his sleeve? Malaysians no longer want to buy this ‘vote me in first and then I will show you how I can do it’ — or what the Americans would label as ‘read my lips’ rhetoric.

Nope, no more read my lips rhetoric please. We have had enough of all this over the last 50 years. What we want now is for you to put your money where your mouth is. ‘Show me the money’, the Americans would say. Yes, money talks, bullshit walks — and bullshit is what has been dished out these last 50 years. It is time everyone come clean and put their cards on the table, face up. We want to see what hand they are playing with. Do they have a full hand or is this mere poker playing?

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I can’t recall when was the last time Members of Parliament were so enthusiastic in grilling chief executive of a corporate organization. Perhaps it didn’t ever happen considering the government had never (since 1969) lost their precious two-third majority and hence strong voice before. Malayan Banking Berhad’s (KLSE: MAYBANK, stock-code 1155) new CEO, Wahid Omar, just joined the company and sympathizers might argue that he knows nut about the whole transaction but this argument is not strong enough to sweep the RM3 billion over-paid money under the carpet.

Continue reading this article at stocktube.blogspot.com

I cannot recall a time when the issues were so clear: Save the banks or save the People. The shame of it.

As a trader, I am a mechanic. A brain without a soul. I trade prices. But as a human being, I find it pretty hard to take watching greedy bankers snuff out the lives of hundreds of millions, and steal from the future of our children and their children. I believe these bankers and central bankers should be criminally prosecuted for crimes against humanity.