Najib Tun Razak, a true Mahathirist!

Wednesday, October 22nd, 2008 331 views

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Well well well.. Najib Tun Razak is doing very well following his mentor’s footstep is his latest true ‘Mahathirism’ style. He is going to rob borrow our hard earned money, our pension saving inside Employees Provident Fund in the tune of RM5 billion. Reason? To invest in undervalued companies in the share market (read: to prop up the share market.)

Remember the old man hobby when he was the most powerful man in Malaysia? EPF, Tabung Haji and Petronas were his ‘piggy banks’ - source of unlimited funds to finance his appetite. The old man ’borrowed’ EPF monies to fund Putrajaya, and most mega projects (and cronies, of course.) According to an estimation carried out in 2002, EPF contributors had loaned Federal Government some RM90 billion at low interest rates to finance its mega projects and to bail out crony companies.

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