US sub prime mortgage crisis is due to leading money to those lower income group and having higher risk group of people. Whatever banker do, they will go for profit first. If no profit, they will not do it, because no profit.
Now Malaysia government want to borrow 1.5 billion ringgit from EPF and lend to lower income and higher risk group of people and government stated these money is to help them because banker do not want to lend them money.
That's mean our hard earn money now will borrow to lower income group of people and the risk is very high, because bank also do not want to do that. What a sad story and step taken by our government. They do not understand finance at all, just know how to use future money to protect their position.
We have given them 54 years already.. shall we give them another 5 years?
Now Malaysia government want to borrow 1.5 billion ringgit from EPF and lend to lower income and higher risk group of people and government stated these money is to help them because banker do not want to lend them money.
That's mean our hard earn money now will borrow to lower income group of people and the risk is very high, because bank also do not want to do that. What a sad story and step taken by our government. They do not understand finance at all, just know how to use future money to protect their position.
We have given them 54 years already.. shall we give them another 5 years?
1 comment:
NO.MALAYSIANS HAS BEEN FOOLED SO MANY TIMES.UNFORTUNATELY,THERE R MALAYSIANS THAT LOVES TO BE FOOLED.WHO CARES REALLY,I GOT MY MONEY SEEMS THE APPRORIATE ATTITUDE.WORST,THE PAKATAN RAKYAT HAS NOT BEEN CLEVER IN PICKING ISSUES.OH SO SAD INDEED.VOTE BN OUT,REGARDLESS.
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