If you haven't read How Tong Kooi Ong is attempting to break Bank Negara and crash the RM, read it today.
The allegations leveled against Tong, who shot to corporate prominence when Anwar Ibrahim was Finance Minister, are fantastic. I didn't know whether to laugh or to cry. But then I remembered that that was how we reacted back in 1997 when we were told about George Soros. We didn't know any better then; do we, now?
Some people are taking the "expose" by the new blog seriously. I have no idea if Bank Negara is actually monitoring Tong's movements closely, as suggested in the malaysianexpose.wordpress.com, but they should not take the issue lightly. Not because I think Tong is actually capable of doing what George Soros had allegedly done during the 1997 financial crisis (and to the sterling before that), but because it had been attempted before and the results, as we all know, could be devastating.
Ex-money trader A Brick in the Wall pens his thoughts on the expose in his latest posting Economic Sabatogeurs Rising up to the Occasion), in which he mentions some familiar names including Rashid Hussain.
