10/25/2008

OUR MONEY, WHOSE MARKET?


5 billion to stand in the gap against a run away globalized market crunch?
My dog has more economics sense then to throw away good money after bad.

The warong kopi says, URFeG (UMNO Run Federal Government) is clueless to the rumblings of the financial market.
But again, could there be method to URFeG madnes?
And there are more billions from the EPF spigot.
Our money...whose market?

20th of October
Malaysia will inject 1.4 billion dollars into the ailing stock market and cut its growth forecast for 2009 amid a worsening global financial crisis, the Finance Minister said Monday.
Earlier, Najib said the government will double the size of its state-run investment company Valuecap Sdn. Bhd, which was formed in 2003 to invest in under-valued, but fundamentally strong shares, by pumping in an additional 5 billion ringgit (1.4 billion dollars).
"Yes, our stock market is affected by the sentiments in other markets but I would like to stress that we are not in a financial crisis, and certainly we should not talk ourselves into one," he said.
Positive boost after the 20th announcement?
Can pigs fly?
Kaladher Govindan, research head at local brokerage TA Securities said the move "is a positive boost for the stock market," which has dropped 37 percent this year.




A win win situation. We get rid the scums of the earth and the scums get their 72 virgins in heaven.
Virgins...what virgins?
(special report by The Guardian - Ibn Warraq)
WHEN the time finally comes for the Bali bombers to meet the end of their lives, it will be in a dark forest, they will be tied to poles with hoods over their heads, their hearts will be illuminated by reflectors and they will all be shot at the same time.
The trio - who orchestrated and carried out the devastating 2002 Kuta nightclub bombings - were sentenced to death in 2003. They have never shown any remorse, claiming to welcome death as Islamic martyrs who were fighting the infidel West.
They angered victims and families again recently by repeating that they have no regrets (except that Muslims died in the bombings) and would do it all again.

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