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MikeandDow

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Everything posted by MikeandDow

  1. You may be right about Thaskin fiddling, but he was not the Cause !! Asian currency crisis appeared in Thailand in the summer of 1996 when it was revealed that the Bangkok Bank of Commerce (BBC) had lent billions upon billions of baht in highly questionable loans. The loans included a very large sum to a convicted swindler known locally as the “Biscuit King.” Before the news of these transactions surfaced, Thailand’s banking and bank regulatory system was globally praised and highly regarded. That changed with the revelation that BBC officials were accepting property they knew to be overvalued as collateral. It soon came out that corruption and laxity in regulation weren’t limited to BBC, but was prevalent at other financial institutions as well. The scandal rocked investors’ confidence. The origins of the crisis go back to the early 1990s when Thailand opened up its financial markets. Money started to pour in from abroad from foreign investment and also because Thai banks offered high-interest rates on deposits. Loaded with foreign money, the banks loaned big and carelessly. Eventually, the mountains of bad debt wrought by illegal lending practices exposed corrupt politicians and business practices that had been hidden by rapid economic growth, not only in Thailand but also in other Asian countries. By the end of 1997 bankrupt corporations and failed financial institutions were spread across the continent. Chavalit Yongchaiyudh is where the buck stops !! Thaskin was NOT the cause but he would have his finger in the pie
  2. And how do you come to the conclusion Thaskin caused the Tom Yam Gung affair?? On 14 and 15 May 1997, the Thai baht was hit by massive speculative attacks. On 30 June 1997, Prime Minister Chavalit Yongchaiyudh said that he would not devalue the baht. However, Thailand lacked the foreign reserves to support the USD–Baht currency peg, and the Thai government was eventually forced to float the Baht, on 2 July 1997, allowing the value of the Baht to be set by the currency market. This caused a chain reaction of events, eventually culminating into a region-wide crisis.
  3. Thais do not understand that Electricity can kill !!! the wiring in thailand is very poor ! Safety standards are non existent
  4. Because Thais do not know how to contain elephants in the parks, in a human manner
  5. And that is the point,Politicians in goverment are full of BS, Non of it is enforced
  6. I think you misunderstand a pardon and a cert of innocent A pardon meaning here is diffrent from the west,meaning to put it simply Thaskin was given a pardon of his sentence from 8 years to 1year NOT the crime then when the king gave 1500 convicts royal clemency Thaskin was one ,DOC gave them a cert of innocence which means he can travel overseas But he is still a covicted Felon that will never change pardon: an official decision to forgive someone for committing a crime and to free them from full or further punishment or to have their punishment reduced - การอภัยโทษ https://www.bangkokpost.com/learning/easy/2639986/royal-pardon-reduces-thaksins-jail-term-to-one-year
  7. Shxx floats to the top!!
  8. well not your run of the mill newspaper I will give you That, but it is a very old artical and i dont think there are many like this ?? and stop with the snide remarks you are breaking the forum rules
  9. so !!! because newspapers report some thing, does not make it right !! look it up!!
  10. Oh, if its a well known Fact ! the Thai Examiner must have got it all wrong https://www.thaiexaminer.com/ and since you are a newbie i will ignore your name calling and just point you to the forum rules RESPECT !!
  11. You need to post facts !! not fantasy!! and dont make me laugh " Thaskin well loved by all"
  12. do not belive the bangkok post its rubbish !! it was a bad Translation to english from Thai , as can be seen in this link they call it a certificate of innocence in the next paragraph a Pardon !! https://www.bangkokpost.com/thailand/politics/2849401/free-man-thaksin-awaits-docs
  13. The "Root cause" is the inadequacies of this goverment to do anything !!
  14. Thaskin did not get a Pardon he got a letter of "forgiveness" Thaskin IS a convicted felon, and that will not change,
  15. Waiting for the next election, wonder what excuse they (EC ) will come up for, Not giving the people what they want !!
  16. Thaskin received a letter of forgiveness Thaskin IS a convicted felon and that will not change
  17. Immigration, have been doing that for the last 25years i know of, nothing new!!
  18. And thats the point of the post, how they are Not accurate for blood sugar !! they are only indicative for heath checks and should not be realize upon.
  19. That is a Standard results for Thai meetings
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