US financial shockwave will reach Malaysia shores soon
Now this is not the abstract <A href=’http://en.wikipedia.org/wiki/Butterfly_effect’>Butterfly effect</a>
Wikipeda source on Lehman brother
In New York, on September 15, 2008, shortly before 1 a.m., Lehman Brothers Holdings announced it would file for Chapter 11 bankruptcy protection citing bank debt of $613 billion, $155 billion in bond debt, and assets worth $639 billion.
Should <a href=http://en.wikipedia.org/wiki/Merrill_Lynch>Merill Lynch</a> fail to grab Bank Of America, Singapore government will definite turn green because their investment arm, Temasek hold 13%-14% Merill Lynch stock. Shold Merill Lynch fall to the same fate as Lehman Brothers.
In fact, US financial crisis shockwave already near Malaysia shores. With possible losses to recover, Singapore may need to readjust their strategy over PakLah Islandaria econmy zone. And like domino, invester need to take extra precautions.
And Malaysia Prime Minister, Abdullah Ahmad Badawi still busy on his political struggle and ignore the crisis.