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Author Topic: This is how they react in Indonesia to their government bailing out banks  (Read 2285 times)
Emeline
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« on: March 03, 2010, 02:43:12 PM »

http://www.businessinsider.com/indonesian-mob-wants-blood-as-legislators-consider-prosecution-of-treasury-secretary-for-unfair-bailout-2010-3#now-this-is-a-riot-1


Indonesian Mob Wants Blood After Treasury Secretary Spends A Fortune Bailing Out Banks

http://www.businessinsider.com/indonesian-mob-wants-blood-as-legislators-consider-prosecution-of-treasury-secretary-for-unfair-bailout-2010-3

Tensions are high in Indonesia as it appeared that a months-long investigation into the $700 million bailout of Bank Century will end without prosecution of the country's finance minister and vice president.

Many legislators saw the ouster of Sri Mulyani Indrawati and Boediono as essential to reform that could lead to a sovereign debt upgrade, according to the FT.

But the real anger is on the streets of Jakarta. Thousands of students, labor members, and other mass organizations rioted outside the House of Representatives yesterday and today. These are the people that ended up paying for the bailout, and the same ones that are rioting in Greece and California.

Finance Minister Indrawati has already faced more outrage than her equivalents around the world, however, more than Giorgos Papaconstantinou and far more than Tim Geithner.

See The Jakarta Bailout Mob



more at link
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spacecase0
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« Reply #1 on: March 03, 2010, 02:45:56 PM »

throughout history, bankers that messed up bad were killed,
I kind of expected this kind of thing more than we are seeing.
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people in america still like to pretend they are free, the day they know they are not, they will stop pretending
anarchist
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« Reply #2 on: March 03, 2010, 02:52:52 PM »

unexpectedly motivated.    Cool
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john940
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i'll take one of these in 40 oz....


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« Reply #3 on: March 03, 2010, 03:58:43 PM »

they best get to printing some money quick to quell this situation which came so unexpectedly! have they no printing presses there in indoneeeseeeyah?
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mmmm longpig.
HueyLewis
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« Reply #4 on: March 03, 2010, 05:16:18 PM »

To quell the mob, the gov should just tell them the bank was too big to fail and that the bail-out was necessary for a green shoots-led recovery.  That seemed to satisfy the USA "mob."

Oh, and they gotta make sure to juke the consumption and employment stats. 

It's all good. 
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john940
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i'll take one of these in 40 oz....


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« Reply #5 on: March 03, 2010, 05:18:17 PM »

To quell the mob, the gov should just tell them the bank was too big to fail and that the bail-out was necessary for a green shoots-led recovery.  That seemed to satisfy the USA "mob."

Oh, and they gotta make sure to juke the consumption and employment stats. 

It's all good. 

and then they can elect a president called Indobama
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mmmm longpig.
clarison
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« Reply #6 on: March 10, 2010, 09:47:42 PM »

This is how they react in Indonesia to damn near everything.  You think the US is dysfunctional?  Hoooboy.
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