making the headlines in the recent times is nonetheless the credit crisis that has been overwhelm with publicity. Most of all, how the US Government is enforcing the leading 9 banks to accept the government fund of $250bn to overcome the credit crisis issues. This will eventually reflecting the free-market capitalism of the states are being nationalized.
The bailout plan is just like a pinch of salt, rubbing the salt into the injury. I recalled the US Government used to condemn the Malaysia’s government for putting the money in to nationalized some of the companies when we hit our 1997 crisis. Now, they are doing the same time by nationalized the banks. With such action, it is like a pot calling the kettle black.
So if you were working with these 9 leading banks, and when the banks has been nationalized, then you are going to be part of the national assets. A national property. In another word, you can consider yourself as the government servant.
Will it be the end of free market?
