The reason why AS1M was under-subscribed when it was first launched in 2009 was because investors have wised up to the fact that it could be another Ponzi scheme – since the promised returns were too good to be true especially when business profit margins are increasingly squeezed due to global competition. Instead of starting another “Ponzi” scheme to fool the people who could least afford to be burnt, I suggest that the government borrow directly from the banks without having to beat around the bushes. Assuming that you need about RM500 million to pay “dividends” to the investors of AS1M , it would not be difficult to find a bank that would lend you that amount. For collateral, you could use some of the ill-gotten assets of BN politicians – starting from the condos that belong to the Shahrizat’s family, the gigantic mansion in Shah Alam and et cetera.
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