The majority are indolent and dependent on handouts and political patronage. The minority hold up the country but are regarded as a nuisance and must be bullied. This is the result of the NEP and Ketuanan policies. When the crunch comes, then the real consequences will emerge.
Eversince deregulation of the financial industry in US in 1980s, the capital markets are like one huge ponzi scheme.
Investment banks team up with commercial banks and use depositors money unknown to them to place bets in the trillions. The laws were rewritten to accommodate this irresponsible act.
Like a typical scammer, they use these monies to take risky bets and lure the ordinary people to use their savings and pension money with a promise of bigger returns on their investments.
Every 10 yrs or so,the whole market crashes. Jobs and houses are lost and life savings are gone.
Meanwhile these investment bankers are never punished. They take away hundreds of millions in bonuses and their banks either wind up like Lehman Brothers or get swollen up like Meryll Lynch.
The ordinary joe lost everything. Many commit suicide.
Recent winding of the carry trade positions in Wall Street caused it to crash. Yet again! When will America ever learn?
The sudden increase in lending rate of the yen by Bank of Japan caused it untenable for the traders to hold the stocks as it requires about 13% returns per month just to break even.
The majority are indolent and dependent on handouts and political patronage. The minority hold up the country but are regarded as a nuisance and must be bullied. This is the result of the NEP and Ketuanan policies. When the crunch comes, then the real consequences will emerge.
Eversince deregulation of the financial industry in US in 1980s, the capital markets are like one huge ponzi scheme.
Investment banks team up with commercial banks and use depositors money unknown to them to place bets in the trillions. The laws were rewritten to accommodate this irresponsible act.
Like a typical scammer, they use these monies to take risky bets and lure the ordinary people to use their savings and pension money with a promise of bigger returns on their investments.
Every 10 yrs or so,the whole market crashes. Jobs and houses are lost and life savings are gone.
Meanwhile these investment bankers are never punished. They take away hundreds of millions in bonuses and their banks either wind up like Lehman Brothers or get swollen up like Meryll Lynch.
The ordinary joe lost everything. Many commit suicide.
Recent winding of the carry trade positions in Wall Street caused it to crash. Yet again! When will America ever learn?
The sudden increase in lending rate of the yen by Bank of Japan caused it untenable for the traders to hold the stocks as it requires about 13% returns per month just to break even.
Investment banks; they are evil.