Unprecedented Financial Scandal - A Whopping RM 8.4 Billion of Non-Performing Loans - By Matthias Chang (27/11/09) PDF Print E-mail
By Matthias Chang   
Thursday, 26 November 2009 19:11

Why has Bank Negara been keeping quiet all this while?



It is often said that the best time to announce bad news is just before the weekend or public holidays.

So it came as no surprise that CIMB Group Holdings Bhd (the country’s second largest financial group) decided to drop the bombshell that they have on their books a whopping RM 8.4 billion non-performing loans (NPLs) knowing that it will be a long weekend following tomorrow’s public holiday – Hari Raya Haji!  How very clever.

But this scandal will not go away, that’s for sure!



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Can Asset-Price Bubbles Be Harmless? - By Frank Shostak (26/11/09) PDF Print E-mail
Frank Shostak   
Thursday, 26 November 2009 08:54

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The Economic Crisis And What Must Be Done - By Richard C. Cook (25/11/09) PDF Print E-mail
Richard C. Cook   
Wednesday, 25 November 2009 10:16

Market Oracle

The United States does not control its own destiny. Rather it is controlled by an international financial elite, of which the American branch works out of big New York banks like J.P. Morgan Chase, Wall Street investment firms such as Goldman Sachs, and the Federal Reserve System. They in turn control the White House, Congress, the military, the mass media, the intelligence agencies, both political parties, the universities, etc. No one can rise to the top in any of these institutions without the elite’s stamp of approval.



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Cold Turkey Thanksgiving 2009 - By Darryl Robert Schoon (25/11/09) PDF Print E-mail
Darryl Robert Schoon   
Wednesday, 25 November 2009 08:12

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Letter To The President - By Cynthia Mckinney (23/11/09) PDF Print E-mail
Cynthia Mckinney   
Monday, 23 November 2009 08:42

Mr. President:

I are writing to urge you to announce an immediate cease-fire followed by a withdrawal of all US troops from Iraq and Afghanistan in the fastest way consistent with the safety of our forces.

I urge you to end the use of Predator drones that kill civilians.

I call upon you to cease all covert operations in Africa, Asia, and North and South America.



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