The 1MDB-IPIC deal for idiots

Name calling in Malay usually starts with P not S

And why you the name calling is affecting some people more than others.

Taman Tun, 2/6/2015: An overlander pal observed this morning that of late each time Tun Dr Mahathir Mohamad lashes out at Datuk Seri Najib Razak, the PM would emerge from the round lookinga little stronger than before. I was curious as to how he'd come to such a conclusion and soon understood why: it's not the Tun, it is the people around Tun! For example, the overlander kept quoting Zam (Tan Sri Zainuddin Maidin) as if Zam was Tun. Zam's latest was in which he calls Najib Razak's supporters "sampah". Aiyoo. That's not good. Now some people actually think that's written with Tun's consent or, worse, Tun himself thinks like that. At least Jebat Must Die calls those who support 1MDB "special people". 

There are others around Tun who are making the Statesman look really bad. Yes, there are those around Najib who make the PM look bad but that's something we expect of the government, whoever the government is. In any case, I think we'd be better off not resorting to name calling. Just argue our points. And stick to what we know to be true.

Now if you can spare three minutes of your precious time, please read Another Brick in the Wall's As simple as withdrawing FD before maturity (1/6/15) which answers YB Tony Pua's question If US$1b from  Arabs is not a loan, what is it? (2/6/15. Malaysia Today).

Excerpts

No bailout

A simple analogy to the "binding agreement" is similar to a 6-month Fixed Deposit that has to be withdrawn before maturity out of some immediate needs for money. It enables the money to be withdrawn before the maturity of the deal.

So it is not a case of new borrowing or loan shark.

Neither is it fresh capital injection which will invite accusation of dilution of Government or rakyat interest in 1MDB. Confidently, it is not a bailout as openly opposed by Khairy. Petronas money is not touched as a bailout piggy bank.  

It is non-sensensical to say that it is new borrowing to cover for expiring loan to Deutsche Bank in which it is claimed that the Deutche Bank borrowing was to invest in IPIC.

This is not a case of  "korek lubang tutup lubang" too. This is an advance payment by IPIC for an agreement that involves settlement of various assets and liabilities between the parties.

I can say that at least A Voice has gone through the audited accounts of the 1MDB (few bloggers even know what they look like) and interviewed some of the people who are familiar with 1MDB and what's going on in the Cabinet of PM Najib Razak. He also still enjoys quite a bit of access to individuals close enough to Dr M to be able to claim to know the man. -rocky's bru