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Nor Mohamed Yakcop. Google did the trick.

Nor Mohamed Yakcop

arggggg. ur google was faster

i know...his name was Mr Apple Polisher...

Now also polishing apples in AAB cabinet.

my guess is same as early arrivals cjyeoh and groo.

But another guess, Jeff, not sought but volunterred, TopCat was also the same person involved in BNM's multi-billion-dollar forex loses earlier, yes?

JEFF OOI says: You gotta helpme Desi, I am helpless. You said and I said "multi-billion" lost. How many billion, actually?

WOOT. With spin doctor, anyone can become king of the hill ;)

Let's see the amount of money "vaporise" during THE MAN 22 years administartion(in Ringgit)
- BBMB 2.5 billions scandalous loan to HK evergreen group
- BBMB Yet another scandal that amount to hundreds millions and require Petronas "rescue"
- BNM - cumulative forex speculation lost 1.8-2 billions
- Mara/Bumi debts write off - 500millions
- A bumi company that tender 17 projects with total value of 2billions; vanish with near 200 millions in advance
- Yet another Bumi company that taking nearly half of PutraJaya properties project vanish on the way with no builidng works. cost - unknown and unpublished.
- School hazardous computer labs project - 200 millions(including "rebuild")
- Selling Telekom cheap cheap for "privatisation" - near 500 millions
- Selling MAS (including assets) cheap cheap, near 500 millions.
- Buy back MAS with "generous" package that exceed 500millions of market value.
- Pewaja Steel - cumulative loss close to 1 billions.
- MV agusta - write off nearly 500 millions.
- Getting loan from Japan in 80's and make a huge forex loss due to YEN appreciate against USD.
- Allowing cronies to BORROW without collateral or use loan stock as collateral, results 400 millions vaporise from RHB sec
- Direct EPF to buy Time dot com, resulting at least hundreds millions of paper loss.
- Allow offshore forex trade that make ringgit vulnerable to speculation and lead to the financial crisis.

And other GLC (TNB, Telekom)investment failure on other 3rd world country that lead to near 1 billions losses.

thank you, moo_t.

that's a national-loss list;
15-30 Billion BN forex, 30 Billion TNB forex, 1 Billion Sabah papermill,.....

another list - individual gains... danaharta special sales,....

once the two lists are matched up,

Guess some Malaysians would have been happy to have kissed the boots of the IMF jerks in 1998 & let Anwar to have been the next PM instead of AAB. why do some Malaysians have to crib so much? Do we want to still let the whilt dogs lead us???

Guess some Malaysians would have been happy to have kissed the boots of the IMF jerks in 1998 & let Anwar to have been the next PM instead of AAB. why do some Malaysians have to crib so much? Do we want to still let the white dogs lead us???

/// No other Prime Minister in the world, either in developed or developing countries, employs such a hands-on approach in managing the economy.///

Any economist worth his salt would tell you that government should never meddle with the economy. Should only do only the basics such as the infrastructure. Just look at Hong Kong.///

/// We can see, therefore, that it was not the exchange control measures per se that saved the country but the man --- Dr. Mahathir Mohamad --- himself. [...]///

Who started the mess in the country in the first place?

/// Therefore, it is no exaggeration to say that Dr. Mahathir Mohamad not only saved Malaysia, but the other affected countries in the region as well - Thailand, Indonesia and South Korea. ///

Funny, the Asian Financial Crisis was less than a decade old and I lived through it and my recollection is quite the opposite. I remembered each time Dr M opened his mouth, the Ringgit got whacked, and with it, the regional currencies as well. So much for saving the neighbouring counrties.

/// My second point is regarding what would have happened if the exchange control measures were not implemented. [...] ///

Same thing as had happended in Thailand, South Korea, Hong Kong and Singapore. They recovered even faster and without the exchange control.

The main point is, if Malaysia under Dr M had not been wasteful, had not lost billions in forex speculation, wasted more billions from Petronas on dubious egomanical white elephant projects (such as Putrajaya, Perwaja Steel, Petronas Twin Towers, Proton, etc) the Ringgit would not have come under such speculative attacks.

I must confess my personal interest in this.

During the financial crisis,each time TDM opened his big and smelly mouth,the stock index dropped and my banker called me to top up,I was having many sleepless nights which I would never forget,until finally my whole portfolio was wiped out and the bank demanded further fund to compensate them for the loss.

I am still recovering from that disaster till today and it may take another decade.

But to be fair to Nor Mohamed Yakcop,despite what he said for his self-preservation,I think it is good to put him there by AAB

Where else can you finda man who has direct,hands on experience with currency speculation of that magnitude,say 20 billions RM,I belive it is not exaggerating for me to say that he certainly would beat g.Soros and that Long Term Bank guy who broke his own billion dollars bank.

WrathOfGrapes: "Who started the mess in the country in the first place?

/// Therefore, it is no exaggeration to say that Dr. Mahathir Mohamad not only saved Malaysia, but the other affected countries in the region as well - Thailand, Indonesia and South Korea. ///

Funny, the Asian Financial Crisis was less than a decade old and I lived through it and my recollection is quite the opposite. I remembered each time Dr M opened his mouth, the Ringgit got whacked, and with it, the regional currencies as well. So much for saving the neighbouring counrties.

/// My second point is regarding what would have happened if the exchange control measures were not implemented. [...] ///

Same thing as had happended in Thailand, South Korea, Hong Kong and Singapore. They recovered even faster and without the exchange control.

The main point is, if Malaysia under Dr M had not been wasteful, had not lost billions in forex speculation, wasted more billions from Petronas on dubious egomanical white elephant projects (such as Putrajaya, Perwaja Steel, Petronas Twin Towers, Proton, etc) the Ringgit would not have come under such speculative attacks."

_________________

I agree with all of the above. I really really wonder how can this Nor Yackob become a finance minister after losing billions speculating on currency and then demonstrating his limited grasp of reality by writing that Dr M "saved" neighbouring countries like South Korea and Thailand! LOL!

say what you want to say about this man...

i used to work under the same roof with him at bnm and i know him as a man with full of integrity. he does not play politics and contributes so much to the bank. we envy him and believe that he is successful because he is honest and above all, he is hard working and briallant guy...

abs2302 said:
"he is hard working and brillant guy"

yeah...definitely a brilliant guy.

abs2303: "say what you want to say about this man....he does not play politics"

_________

Hmm... which part of "this man"'s sycophantic article did you not understand?

abs2302.....

the whole f**king speech was a political speech....and if this is not playing politics, I don't know what it is.

Typical blind malaysian..canoot see the wood for the trees.