The Hypocrasy of the West

I remembered so vividly when Malaysia was slam for banning short-selling. "Uncompetitive, communist market, discouraging foreign direct investments, etc,"

The recent decision by the states to ban short-selling on 700+ shares just show how bloody hypocrite the west is. "Its for the greater good that we are doing this," they say. Both Republicans and Democratic say the measure is necessary so that the market doesn't fail.
Sigh, isn't democracy and the efficient market all about letting the market decide whether a firm survives or fail?
Now with a 700 billion USD bailout being in mulled, I really wonder where does the US get that amount of money? Already they are the world's largest debtor and now with an extra 700 billion USD deficit, how they hell are they going to finance it? Maybe the oil money from Iraq =P

Even here in Australia "naked" short-selling is being ban.
Lehman Brothers, Merrly Lynch, Bear Sterns, HBOS, and countless other smaller state banks in the States have been casualty so far. AIG might have also became one of the victims of this subprime crisis if not for the US government decision to bail AIG out and provide liquidity to them.

Ah, plenty of fat, arrogant, overpaid bankers are now out of jobs and their wealth wiped out. My heart goes out to all of them, remember bankers, its all about karma.

Picture of the day:
Your future ethical Investment Banker.