Monday, March 08, 2010

MPM proposes a bank for Bumiputeras


Another idiotic idea from an idiot. It seems to me from the way he's talking that these people are desperate for the NEP to continue. For whatever reason, I'm not sure but I'm betting it has something to do with keeping the status quo. It sure is not for the benefit of the Bumiputera because the Bumiputeras has not been benefiting from. If they did, they wouldn't still be "lagging" behind.

But according to Datul Ibrahim "The Frog" Ali, the Bumis are still lagging behind, they are not happy and need help.
“The main issues facing the Bumiputeras are that they feel that they are increasingly being left behind in the national development process. They are worried about the decline in their relative economic status. The Bumiputeras are currently behind the Chinese and Indians,”
So, to solve this proble, the MPM or The Malay Consultative Council wants the government to help them set up a bumiputera bank for the bumiputeras.
"The Malay Consultative Council (MPM) plans to set up a bank to help the Malay community regain its footing in the country’s economy, saying RM2 billion would be needed for the venture."
Guess who will be running the bank? Of course the people who came up with the idea. So easy nowadays to get a banking license and start printing money. And best of all, it's being paid by rest of us. All RM2 billion of it.

And what do you think of this statement of a so-called "leader"?
“Economic growth was one of the highest in the world on a sustainability basis for 20 years. Our growth was tremendous because of the policy. NEP is not meant only for the Malays. Foreign direct investment was also at its peak during the NEP period,” the leader said.
Was he asleep during the last 2 financial crisis? So the NEP was the sole reason our economy achieved tremendous growth. And nothing else. Genius.

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