NAJIB’S SCANDAL, INVOLVING HUNDREDS OF BILLION FORGET MAHATHIR,DAIM AND OTHERS MERE AMATEURS IN FINANCIAL CRIME.

Datuk Seri Najib Tun Razak said today the young generation should evaluate the achievements of the government from all aspects and not based on political perception and rhetoric.In this regard, the Prime Minister said the young generation must be trained so that they have higher intellectual skills to enable them to differentiate between the perception deliberately created by certain groups, particularly through the internet and social media which are not based on the truth.Hickory, dickory, dock the mouse ran up the clock,the clock kept mum, with that  timely run,and the people shouted, “it’s up”for end of P.M job  PKR strategy director Rafizi Ramli said today he will not be scared off by police investigating how classified documents on the RM960 million Ampang LRT extension project were leaked, and pledged … Read moreRAFIZI RAMLI SAYS TALKING TO NAJIB IS LIKEY THE AUTOMATED VOICE FROM THE DIGITAL ANSWERING SYSTEM

“This is the generation that should be able to evaluate all this…not a matter of perception. Don’t think that just because we are the government, we are not right.

“If the ruling Barisan Nasional is not right, Malaysia would not have developed as it is now and Insya-Allah, Malaysia will achieve the developed nation status in a few more years,” Najib said.but Malaysian say otherwise
Cheat’s Association ! We are not so naive as to believe the rubbish spewed out by you. You are a gone case as far as 13th GE is concerned. You will be wiped out and decimated lock stock and barrel. Dear YB OTK, if you still have some conscience and good sense in you, please do something for the good of all Malaysians by getting out from the pirate ship. As the Chinese saying goes : A tiger leaves behind its hide when it dies, while a man leaves behind his name when he dies. I am sure you want to leave behind a good name and legacy for all Malaysians when you leave this world. You look righteous all this while, However, you have to act righteous by dissociating yourself from those immoral corrupts and evil people. Please ! You can do it ! We Malaysians support you all the way !Chua Tee Yong. We are cleaning the shit left by the previous state govt. and you accuse us of misappropriating state fund. Now what are you going to say ? Farther down scale your allegation ? Do you know these kind of shit are everywhere under BN govt. benefited by UMNO, MCA and MIC arrogant riches. Try to be smart kid ? MB Khalid, don’t led this Chut escaped unsued. Take him to court and hang him in the eyes of Chut Su Lek.

Mahathir was the architect of UMNO’s downfall. He and his sons became billionaires along with the thief minister of Sarawak and Sabah and of course Najib who was a Defense Minister then was already the most corrupted Federal Minister. The Malay community was duped intp believing that UMNO struggled for the Malays , Royal institution and Religion. We just have to look around us to tell how many percent of urban and rural Malays were still living from hands to mouth despite hundred of billion ringgit was allocated for NEP and NEM. Who among the Malays unde BN government had benefited from such affirmative policy? Malaysians are not as stupid as the highly corrupted, abusive, repressive and oppressive UMNO controlled BN had wanted us to be.

Najib is afraid of cartoons, black T shirt, yellow shirt, Bersih,Najib is finished and soon will be history. Rosmah is already history as Malaysians women do not approve of her fake compassion and extravagance. Altantuya,bloggers,overseas students etc. Now he is scare of his own shadow. And most of all he is scare of his wife. His wife is like Imelda Marcos. While Imelda is the shoe queen, this michelin logo is a extravagant shopper.
The end will be near and the agony of defeat will be hard to bear.

He said this when delivering his speech at the opening of the Malaysian Young Thinkers Convention organised by Malaysian Young Thinkers Youth Organisation (PPM) in collaboration with the Youth and Sports Ministry, Malaysian Youth Development Research Institute and Universiti Teknologi MARA (UiTM) here.

Najib said not all countries have detailed planning like Malaysia does in order to achieve developed nation status because the government is capable of leading the nation towards massive transformation.

The Prime Minister said Malaysia was not a failed state because if one looked back at the progress the country had made under the present government for the past 55 years, there have been many achievements to the extent that the country could now be interpreted as a successful nation.

He said that most young people emphasised what is happening today and in the future, but the fact is they have no historical perspective, thus they would be at a loss as to where they had originated from or their past history.

We don’t want leaders who are good actors. We don’t want leaders who are good in oratory skills but are not truthful. — Najib Razak
if Najib allows this to continue then I can only say one thing to him: bye-bye Najib. I hope you enjoy your retirement. Oh, and please tell Rosmah to give back the private jet that she uses for her shopping sprees overseas. And I suppose I should also say: hello Muhyiddin –
Najib is already perceived as weak and indecisive. He is also perceived as insincere about his reform programme and that all this talk about reforms is just lip service and empty rhetoric. Najib has a lot of work to do to prove that what he is saying is for real. And this book banning and prosecution does not help his case.

Many in Umno are already sharpening their knives. They are just waiting for the next general election to be over so that they can make their move on Najib the way he made his move on Tun Abdullah Ahmad Badawi soon after the last general election. It does not matter whether Barisan Nasional wins the next general election. Unless Najib can win the next general election with a two-thirds majority and win back the four states currently under Pakatan Rakyat control, which may never happen, then Najib is dead meat. He is going to suffer the same fate that Abdullah Badawi suffered.

The only thing that Najib has going for him is the perception that he is a ‘Reform Prime Minister’. Other than that he has nothing more to offer Malaysia. Nothing much has changed. But with this latest fiasco he does not even have that any longer.

Najib has to understand that this is not just about another of the many book-banning that Malaysia appears to love to do. It is not about the government dictating what Malaysians can and cannot read. It is not about controlling the minds of Muslims, which appears to be what religionists like to do, never mind what religion we are talking about. It is about Najib not walking the talk and not doing what he is saying. It is about Najib’s so-called reforms being a farce and about it being business as usual for Malaysia.

If Najib allows this to continue then I can only say one thing to him: bye-bye Najib. I hope you enjoy your retirement. Oh, and please tell Rosmah to give back the private jet that she uses for her shopping sprees overseas. And I suppose I should also say: hello Muhyiddin — unless Pakatan Rakyat wins the next general election, of course. Then it would be: hello Anwar Ibrahim.

Thus, he said, some of the young generation did not know the difficulties suffered and the sacrifices made by the past leaders so that their children would inherit a much better nation.

“Thus, as a young generation, we cannot be blind to history and we cannot become a generation that does not appreciate the struggles of our forefathers,” he said.

The Prime Minister said a young generation that had historical perspective would be appreciative and would not live as part of history, instead they would have the determination to take the country to greater heights.

“This is the young generation that we can depend upon. It means that as a young generation, we must have the capability to contribute, and the ability to be critical, innovative and creative in our thinking,” he said.

As leaders, Najib said, providing educational opportunities for the young generation to possess academic qualification alone was insufficient because they must be prepared to face the challenges of the 21st century, including attacks on the leaders through the social media instead of the ‘poison pen’ letters as was the case in the past.

“They must be given the skill to think in depth so that they will not accept in totality what is being published in social media.

“We don’t want leaders who are good actors. We don’t want leaders who are good in oratory skills but are not truthful,” he said.

Forget Bernie Madoff and Enron’s Ken Lay — they were mere amateurs in financial crime. The current Libor interest rate scandal, involving hundreds of trillions in international derivatives trade, shows how the really big boys play. And these guys will most likely not do the time because their kind rewrites the law before committing the crime.

Modern international bankenajibrs form a class of thieves the likes of which the world has never before seen. Or, indeed, imagined. The scandal over Libor — short for London Interbank Offered Rate — has resulted in a huge fine for Barclays Bank and threatens to ensnare some of the world’s top financers. It reveals that behind the world’s financial edifice lies a reeking cesspool of unprecedented corruption. The modern-day robber barons pillage with a destructive abandon totally unfettered by law or conscience and on a scale that is almost impossible to comprehend.

How to explain a $450 million settlement for one bank whose defense, in a plea bargain worked out with regulators in London and Washington, is that every institution in their elite financial circle was doing it? Not just Barclays but JPMorgan Chase, Citigroup and others are now being investigated on suspicion of manipulating the Libor rate, so critical to a $700 trillion derivatives market.

Caught as the proverbial deer in the headlights, Barclays Chairman Robert E. Diamond Jr. resigned this week and offered a plaintive defense to the British Parliament that he learned only recently that his bank was manipulating the index on which so large a part of international trade is based. That is plausible only if we assume he was paid $10 million a year to be deliberately ignorant. The Wall Street Journal had exposed this scandal fully four years ago but his bank continued to participate in it nonetheless.

“Study Casts Doubt on Key Rate” was the headline on the May 29, 2008, investigative report, which concluded: “Major banks are contributing to the erratic behavior of a crucial global lending benchmark, a Wall Street Journal analysis shows.” Even then, according to the report, it was known that the Libor rate was being manipulated “to act as if the banking system was doing better than it was at critical junctures in the financial crisis.”

Fast-forward four years to Diamond’s testimony before Parliament this week in which the CEO claimed his recent discovery of a pattern of interest manipulation by Barclays had made him “physically sick.” Who was to blame? According to the executive, subordinates acting behind his back.

The American-born banker, who has dual citizenship in the United States and Britain, is well versed in financial chicanery, having started by putting together derivatives packages at Credit Suisse First Boston back in 1996. He was compelled under parliamentary questioning Wednesday to admit that “I can’t sit here and say no one in the industry [knew] about the problems with Libor. There was an issue out there and it should have been dealt with more broadly.”

He couldn’t deny widespread chicanery within his bank because, as in the collapse of Enron a decade ago, investigators had uncovered an email record of market manipulation so glaring that if the top executives were unaware, it was because they didn’t want to know.

As the New York Times editorialized:

The evidence, cited by the Justice Department–which Barclays agreed is ‘true and accurate’–is damning. ‘Always happy to help,’ one employee wrote in an email after being asked to submit false information. ‘If you know how to keep a secret, I’ll bring you in on it,’ wrote a Barclays trader to a trader at another bank, referring to their strategies for mutual gain. If that’s not conspiracy and price-fixing, what is?

The U.S. Justice Department made a deal with Barclays, and although it may prosecute some individuals in the scam, it agreed not to go after the bank itself. “Such an agreement makes sense only if that cooperation will allow prosecutors to nail other banks that have been involved in setting the rates, including potential cases against Citigroup, JPMorgan Chase and HSBC … ,” the Times editorial said.

Both Citigroup and JPMorgan Chase were reported by the Wall Street Journal years ago to be suspected of rigging the Libor interest rate. The leaders of those banks, despite such media exposure, clearly remained confident enough to continue on their merry way.

The sad reality is that they will probably get away with it. The world of high finance is by design as obscure and opaque as the bankers and their political surrogates can make it, and even this most recent crack in their defense of deception will soon be made to go away.  Sure doesn’t sound like a true leader…more like confuscation on the issues at hand. What seems to be the delay in calling for GE if the BN is supremely confident of winning as our PM likes to point out? He’s in fact denying our rights to choose our government by playing games with the … Read more