Pak Lah’s cronies are all involved in these business and they ARE BLEEDING MONEY! And there is no blood transfusion available. The banks that were financing these businesses are stuck. If they provide more funds, it is throwing good money after bad. If they don’t provide additional liquidity to meet short falls and increasing costs, bankruptcy stares right into their faces!
If you have invested in these counters, get out when you can. But, if you have plenty of cash, you can buy exotic cars for dimes in the dollar. In so far as the shares of these companies, you can frame and hang them up as a reminder of your greed and stupidity.
Pak Lah’s cronies have been bleeding money and will be bleeding more money in the months ahead. Therein, lies the pain and agony because these cronies are in a dilemma.
It is only a matter of time before UMNO do Pak Lah in for screwing big time in the 12th General Elections. But the cronies are hoping and persuading Pak Lah to stay on so that their “investments” will not end up in smoke. But each time, UMNO members at Branch and Division levels calls for his retirement, they suffer a minor heart attack.
The billion question: “Do we liquidate and run with what we have in hand, or do we hold and wait for our fortune to turn for the better?”
Some have already liquidated and have made all the preparations for their get away – houses overseas, children studying abroad and minimum cash balances in local banks, with the bulk in foreign banks!
Oouch!!! Did I say foreign banks? Yep, and that is why they are also in a fix, what with these big global banks suffering massive losses and for all intent and purposes, insolvent. When these banks holding their ill-gotten gains fold up, I can assure you that they may very well jump from the 20th floor rather than face reality and shame. This is a given.
Don’t bother prosecuting them for corruption. It will be a waste of public funds. It is better that we watch them do their own thing.
These are desperation times and desperate people will do desperate things.
source: BigDot
PEOPLE'S POWER
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