The Global Financial crisis 2008

The global financial crisis, brewing for a while, really started to show its effects in the middle of 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.



US Governement bail out plan was set to USD$700bn

UK - soon

Germany - soon

Hungary - soon

India - soon

MALAYSIA - soon

etc


Is it true that the Lehman brothers, Freddie and Fannie, and Merill Lynnch are the main cause of this coming shockwave storm.


For me, as a young blogger it doesn't seem to impact me at all but it is coming and when it comes it wont even bother to look at who you are and react but will eat up all, your parents, my parents, and all of the rest who are receiving paychecks and also those who own businesses are likely to be affected as well.


Several Countries had bail themselves out to avoid the upcoming storm but what about US? DO you really think the government cares of those working in private sectors ? I'

m from Malaysia and well as far as i understand hundreds of private companies has started to do the job cutting process to cut cost and we Malaysian are loittering as usuall yet to face the impact which is slowly coming into malaysia.


Is it the government or the polictial key persons fault ? Did "Leaders of Malaysia" do the right thing in 1998 and is it because of him we are safe or affected from this crisis? Next on "Leaders of Malaysia" the savior or disaster!!!