TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

What Asia and the world need from America now

Jakarta   /   Sat, March 28 2009   /  01:29 pm

What the American governing and legal establishment must do, before too much time goes by, is to come completely clean not only with the American people but with Asia, especially, which has poured so much of its wealth into the US China and Japan are its biggest financial investors. Everyone needs to know what really happened and who should be held accountable for the raw criminality behind the scenes. The US needs to come clean by devising a wide-ranging - but fair -- criminal investigation of hedge-fund leaders and managers, derivatives sales groups and their allies, and of course any and all Ponzi-schemers that have defrauded people of their life savings. We don't need a visceral witch-hunt; we require fair and honest accounting. What's at stake is not so much an eventual honest return on investments (which, in many instances, may be impossible, as many funds have vapo...