Written by Datuk Seri Anwar Ibrahim, MP for Permatang Pauh
Posted by Din Merican
September 26, 2008
Speech by Anwar Ibrahim delivered at the CLSA Investor Forum in Hong Kong on Friday 26th September, 2008
What do you do when a financial behemoth implodes?
What can you say about free market capitalism when the world’s leading liberal democracy dumps nearly a trillion dollars in private debt onto taxpayers? Are Freddie Mac and Fannie May along with Lehman Brothers, Merrill Lynch, and AIG totally unforeseen victims of systemic once in a lifetime financial meltdowns or are they not really victims of their own greed? When you allow the “mushrooming of weapons of financial mass destruction,??? to borrow a phrase from Warren Buffet then isn’t it written that you shall reap what you sow?
