In the beginning there was Bank Bumiputra, who experienced humongous losses 3 times, then there was Bank Rakyat, then ........ (fill in the blank yourself).
Now we have Bank Islam.
Isn't it wonderful our financial guardian Bank Negara is ever so vigilant!!! After all, this is the Bank Negara who in 1992 suffered 9.3 billion ringgit losses speculating in the forward foreign-exchange market.
There have been also other incidents like the bailout by Danaharta, MAS (where taxpayers' money was used to pay RM8 per MAS share when it was trading only at RM3.6), Indah Water Konsortium (IWK), Renong's Time dotCom, Renong's Projek Usahasama Transit Ringan Automatik Sdn Bhd (PUTRA), Konsortium Perkapalan Bhd (KPB), you name it, sh*t have happened.
Renong is of course linked to UMNO.
Will there be no end to the robberies on Malaysian taxpayers' coffers?