Thursday, September 25, 2008

sub prime crisis

Everybody discussing the current financial turmoil. Damn i hate capitalist and imperialist. it make rich people richer and poor people become poorer. All things done will be justified as "nothing personal it just business (Donald Trump trademark=i really hate this guy, arrogance)" or this is free market, market will determine everything. In my humble opinion, all this happen due to greedy !!!speculators speculate the market and sometimes influence the market by creating unnecessary panic. Sometimes they making profit even without they actually have money on hand e.g. short selling. No wonder in Islamic finance (the real one not the conventional repackaging system hehehhe) speculation is haram (prohibited). I still remember in one interview between BBC and George Soros in the late 90s, the interviewer ask the justification of George Soros attacking the Central Bank of England in 1992. As usual , free market and fundamental flaws has been the main excuses. Then , the interviewer condemn him as his act cause many people jobless and the England economy face set backs. Soros try to justified by saying he is a philantropist...... damn .... are you trying to say you are a good guy? or you are robin hood? ask the interviewer ... hheheheh Soros did not reply his question. Asian financial Crisis in 1997 really make our life hard. We still feel the pain, and yet another crisis come. Oh my God.

1 comment:

Anonymous said...

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