....and in Canada, a positive Editorial from the Toronto Star?
Imagine if the investors in Pakistan had lost their $30 billion in savings as a DIRECT consequence of their government.......and based on a fraudulent lie about tax leakage? They would go ballistic. Nuclear in fact.
In Canada, we get positive editorials from the Toronto Star. National Post and Globe and Mail. Obviously Canada is not a democratic or a capitalist society......just a corrupt plutocracy.
Plunging stocks prompt riots in Pakistan
July 18, 2008
Pakistani investors stormed out of the Karachi Stock Exchange yesterday, smashing windows and cursing regulators after the benchmark index fell for a 15th day, the worst losing streak in at least 18 years.
"I have lost my life savings in the last 15 days and no one in the government or regulators came to help us," said Imran Inayat, 45, a protester and a former banker who retired early and said he lost 300,000 rupees ($4,218) on the market.
Police surrounded the exchange after hundreds of investors stoned the building and shouted anti-government slogans.
The Securities and Exchange Commission of Pakistan, which imposed and then removed a 1-per-cent daily limit on price declines this week, had attempted to halt a slide that wiped out $30-billion (U.S.) of market value in three months, threatening to undo a 14-fold rally since 2001.
Friday, July 18, 2008
Posted by Fillibluster at 7:35 PM