1. I thought I have finished writing about FV. Others have done a better job than I. It is, until I heard what the 2nd minister said. In parliament. They were idiotic statements.
2. FV was a clear example of a dumb spending by a government institution. Using taxpayers money.
3. The fact is 47m of taxpayers money was parted off carelessly. It lost 43, 44. Khazanah sold off that investment for 3m. Clever!
4. What can you call it? Other than a dumb spending. Of taxpayers money. Khazanah is surely smart spending OPM. Other people's money.
5. Sure venture capital is riskier. Doesn't it mean khazanah has to be doubly sure? Mana risk management analysis? Were risk management analysis tools religiously used.?
6. For failing to apply the greatest of care over dispensing of OUR 47m, the khazanah chief should be removed. It's strictly business,!
7. Where does it say he must be spared? Because he is a gomen servant? Because he is a Malay,? Worse, because he possibly is an UMNO stooge?
8. Let me digress a little. Sukarno says, the lot of our race becomes worsen because of treasonous and treacherous acts of same race saboteurs. Zaaba said malays suffer most at the hands of leaders of the Malay race .
9. So pardon me for not attaching much value to claims that you are a Malay leader and that you fight for agama bangsar ,dan tanah air. BS!
10. The khazanah chief betrayed our trust on all these counts. He ought to be crucified .
11. So what did the Tom Selleck moustached 2nd finance minister said? Which we think were idiotic?
12. Among other things he said we're:- FV has got potential. It's heralding the usage of digital commerce. E commerce. Give opportunity to khazanah to conduct it's JCB audit. You know - the tractor that scratches its own bottom? Robert Mugabe said if you scratch your arse, you can't avoid smelling the stink.
13. We must stop thinking that what a minister says is definitive and unchallengeable. They are not the final arbiters of being correct. So too, the officials in the minister think they are the final arbiters of definitive answers.
14. If they think in that hubristic manner, furnish us your reasons. Let a samdol economist like me analyse them.
15. Like Christopher Hitchens said. I reserve the right to challenge any dogma , majority opinions, consensus. If you don't like it, cue up to kiss my arse. When you do , tell me .
16. If you don't know who Hitchens is, that's your funeral! Read him sometimes.
17. FV has got potential. After 5 consecutive losses it's a miracle that its even considered . Maybe it imported some stripteasers to entertain the horny khazanah honchos.
18. FV certainly has potential. The potential of a bed bug. That gives you unbearable itches. The potential of a leech. That feeds on you blood.
19. The indian matcha, aney and Babu in sentul has digitalized and e-commerced his beetle nut distribution business, will khazanah invest in him? Pak akob in raub has done a similar thing for his sambal hitam business. Will khazanah invest in him?
20. So Mr tom Selleck of our finance Ministry, don't piously serenade us with the has potential BS. After 5 consecutive losses, FV has potential boggles the mind. The minister must be reading rare books in business, economics and business. We are not privy to that so we shut up do we?
21. Hey, I have the potential to impregnate a thanuja or an Elizabeth tan. Will I be rewarded or punished?
22. Asking us to give opportunity to khazanah to carry out its own audit is an indefensible request.
23. It doesn't sound as someone keen on reducing and eradicating possible corruption and other financial sleight of hand.
24. It looks suspiciously like a CYA( cover your ass) initiative.
25. Khazanah will probably come out with a 2501 paged report justifying its silly investment. Just like Najibs defense counsel announcing a 2500 paged brief intended to intimidate us all.
26. If we are serious about corruption call for an independent forensic audit. Ingat ini Bollywood film kah,?
27. Why not the same request made for SPRM? Shouldn't SPRM be investigating khazanah for possible fraud?
28. That's why I say the statements issued by our tom Selleck of our finance ministry are idiotic.
29. The 3 reasons can be summed up as 1 heading, a big kelentong. A trump would say it's a fake.
30. let us now take on the bright boys of the finance ministry for their 3 reasons.
31. The 1st 2 reasons affected ALL. We must answer why they are particularly vicious on FV? The pandemic affected all. So why some of them not only survive but prospered? FV on the other hand went kaput?
32. Similarly changing e commerce platforms affected FV and those whose business used e commerce. So why others prospered but not FV?
33. The 1st 2 reasons are actually the Darwinian natural selection mechanism applied to business.
34. The mechanism is to weed out weak, the poorly and inefficiently managed companies.
35. Since the external environment is the same for all but only FV succumbed , then the fault, my dear Brutus lies with FV.
36. By definition, FV is weak , inefficiently and poorly managed company, spending on unrelated businesses or spending frivolously.
37. The 3rd reason is disingenuous, deceitful and mendacious. 47m not enough? Give 100m then, 10% for the do-gooder and vested interest people.
38. So now business people unite! Go before khazanah ask for venture funds saying you have potential and will use the latest e commerce platforms including,AI. Sure get maa!
39. So now Babu can market his beetle nut, Pak akob can market his sambal hitam and Mr poh can market his chee Cheong fun. All in up to in up to date packaging.
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