Posted by HuckleberryFinn > 2015-08-17 14:57 | Report Abuse

The difference between all the financial crisis including the 2008 Fed and ECB, is 1. The latter was routine - in this there is short term and long term solution to ease the market 2. 97/98 was MYR currency attacked by Sorors - well so called attacked by Soros, but in actual fact was Dr M and Sorors betting of different currency and the winner of the forex bet was obvious. Again this was in a controlled environment in the sense that the amt bet by Dr M has a limit 3. Coming to present day, the current situation starting with - 1Mdb - No proper answer as to the loses, no financial governance of the money transaction abroad which exposed loophole, too much power invested in single person - No accountability of perpetrator is the major source of collapse. No action so far can be taken on the perpetrator manipulating the money from govt in and out of the country is draining the foreign investors. - Our democracy is in full question because it is apparent now the functions of key supposedly independent entity such as MACC, AG are under the thumb of the PM. In previous, Dr M was the culprit who empowered AG with the power to decide in mitigating the powers of the royal. This means any investigation be it from MACC, BN, PDRM will be vet and decided by the AG. The AG also decides the court a case should preside. Finally the AG can be remove by the PM. So much for being independent.