In the 1998 Asian Financial Crisis, the Malaysia Government made a significant stand to "bailout" and even peg the RM to USD. The respond from the other side of the world was that this is unjust and not a practice of "democracy".Then we ask the question as to how this current financial tsunami happened? How can big companies like AIG go bankrupt and need UD$85 bil bailout or how did the world's fourth largest investment bank, a 158 year old giant, Lehman Brothers end up with US$660 bil in debts?
So now when the other side of the world has a financial crisis and suddenly has to fork out a US$700 bil "bailout", what do we say?
I am of the opinion that we will always do this, first for self, family, company, community, country.
If this holds true, shouldn't we be focused on our situation first and shouldn't we be the ones taking responsibility and pride to ensure that the local stock market, financial sector and economy and even political stability be our priority?
What would your comments be I wonder?
Malaysia BOLEH...! or ?
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