Wednesday, November 15, 2006

Revamp The Financial System

Puteri Umno wants more flexible bank loan approvals - “Banks should stop asking who is behind their companies or whether any big shots are at the helm of the company, as a prerequisite to approving loans,” Noraini said in her policy speech. (The Star, 25th Nov 2006)

Get the facts right, missy! In the financial world, risk is the keyword. For one to obtain a loan at a low interest, you will need a mortgage or a guarantor. Otherwise, bank will issue you a high risk loan, "unsecured" loan at a higher interest.

There is no such thing as "unsecured" but low interest, but you might want to talk to KJ, I heard he had good friends that issued interest-free loan when he bought some shares, a while ago.


At 5:32 PM, Blogger Maverick SM said...

Hahaha...can u give me KJ's H/P so that I can also call him. $9mil loan? and need not pay back too.

At 6:04 PM, Blogger O2Deprivation said...

Sure thing, but you have to pay me first before I give you KJ's H/P, that is how the system works, right? Everyone in the connection loop would get a taste of gravy train.


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