Tun Dr Mahathir Mohamad published "Obama and The Financial Crisis" at the CheDet WebLog on the 5th.March 2009. 1. I was in England recently and the newspapers were full of dismal reports on bank and business failures, the closure of well-known businesses like Woolworths and Baratt, the increases of unemployment rate with some 700,000
This is a summary of events that lead to the current Global Financial Crisis. January 2008 Starting from the 2nd. day of the New Year US Stock Markets took a Downturn for about three weeks. The National Association of Realtors announced that drop in New Housing Sales in 2007 was the largest drop in 25 years. March 2008 Bear
CHALLENGES OF THE ISLAMIC UMMAH IN FACING GLOBAL FINANCIAL CRISIS Speach by Tun Dr Mahathir Bin Mohamad at the Institute For Policy And International Studies Tehran, Iran, at 10.00 am, 30 November 2008 The financial crisis is yet another threat facing the Islamic ummah. Whether we can avoid being dragged down by this crisis or we can minimize
