Following Bear Stearns collapse, another giant investment bank Lehman Brothers finally succumbed to the pressure and declared bankrupcy last monday, DOW was down 400 points. Washington Mutual doesn't look good either and many says WM is the next to fall. I am still holding on some and hopefully a buyout can save the day. It dipped below 2 dollar a share. I was seriously thinking about loading up some to average down the price but didn't have the guts. The reason being I was thinking the same when WM dropped from 22 to 10 dollar not long ago:) That time everyone said 10 was bottom. With Bear, Lehman and Freddie history, the bottom really is ZERO. Anyway, just 2 days ago, the US government proposed to buy some troubled mortgage-related assets. DOW went up 800 points in 2 days and WM closed above 4 dollar yesterday. Argh, how can I miss this a crazy roller-coaster ride?

As though economy crisis is not enough, Malaysia continues its political drama to further stir up the situation. ISA again heading the news everyday. Previously I didn't know ISA consequence can be that serious. Taken from wikipedia:
In essence, it allows for the arrest of any person without the need for trial in certain defined circumstances. A person detained under the ISA during the first 60 days is held incommunicado, with no access to the outside world. Furthermore, lawyers and family members are not allowed access to the detainee during this initial period.
All in all, Malaysia is kinda messed up now. Anwar claims he has enough power to overturn Badawi. Honestly I don't really want to see that happen. Opposition's big win in last election might be a good thing, but too much of dramatic changes in such a short period might not be healthy in my opinion. Why can't we focus our attention in strenghten our economy, and let the political changes be deferred to the next election? After all, how can you be sure that Anwar can do a better job?