Hmm… More bad news from America!
It seems that American regulators and investors are keeping an eye on a list of American banks that could be on the brink of collapsing. Their sudden focus on American banks sharpened last Friday after American regulators took control of IndyMac Bank. Yesterday, Fannie Mae and Freddie Mac, two American mortgage giants that finance half of America's home loans were in trouble.
Things look really bad not only for America but also for countries in other parts of the world too!
I wonder if our Malaysian banks will face the same crisis in the near future. It is more than likely that they will and you majority Malaysians that had so much faith and confidence in usury-and-capitalism-based economy better pray that it would never happened!
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