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In Harbinger Of Things To Come, Indonesian Parliament Begins Criminal Investigation Into Bank Bailouts
Posted By admin On March 25, 2010 @ 9:20 am In Economic Crisis | Comments Disabled
March 25, 2010
So far the commingling between financial and political forces has passed without many glitches both domestically and globally. This is starting to change. We read in Newser that the “Indonesian’s parliament called for a criminal investigation into a $715 million government bank bailout.” In addition to Indonesia president Suslio Bambang Yudhoyono, others implicated include Vice President Boediono, a former central bank governor who goes by a single name, and Finance Minister Sri Mulayani Indrawati. Something tells us that the miraculous market recovery in Indonesia has not proceeded quite as effortlessly as the one in the US. Which also explains why the Fed and its cohorts are so set on reflating the market as they are well aware of the opportunity cost. Once the market takes the inevitable leg lower, we expect that the general public hatred against the multi trillion bailout of the US financial system may finally yield comparable criminal prosecution in America as well.
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