A lot of young brilliant people wants to borrow RM9.2 million but do not know where to go. As a service to the rakyat, perhaps Khairy can tell us whom we should see.

On Khairy: I borrowed RM9.2 mil to buy shares

Simon: I fully agree with BOLH on the collateral issue and Ibnu Hakeem on section 131 of the Companies Act. Though the shares itself can act as a collateral but to what percentage is the financing?

Let assume that this 'special' financial institution can grant 100% financing on a single counter since to our knowledge a bank is only willing to finance up to 50% for a single counter purchase. Usually the securities firm will charge a higher interest rate than a traditional bank, presently in the region of 2% + BLR = 2% + 6.75% = 8.75%.

Let say this special financial institution can charge at the same rate at 8.75% per annum - and with a loan of RM9.2 million - it will amount to RM805,000 per annum. We know very well that Khairy Jamaluddin is unemployed presently, how can he repay this interest, let alone the principal sum? How is the principal sum be repaid? The securities firm will usually roll-over for a three-monthly period, but the interest still need to be served. Can someone introduce this financial institution to me?

Joker: Who in his sound mind will loan a young man RM9.2 to buy shares, unless in addition to to shares purchased being pledged as collateral, there are also some strings attached. A lot of young brilliant people wants to borrow RM9.2 million but do not know where to go. As a service to the rakyat, perhaps Khairy can tell us whom we should see.

Senior Citizen: I think Ibnu Hakeem is seeing things that isn't there. Khairy Jamaluddin surely is not so naive to borrow from the company whose shares he bought. In all probability, he has borrowed elsewhere, and used the shares bought as collateral on the basis of '100% loan'.

Joey Chan: The problem with politicians is that they never answer the questions posed to them and instead choose to beat about the bush. The issue with KJ and ECM-Libra was not just about how a 30-plus year old can get financing to the tune of RM9 million. Heck, I am even afraid to borrow RM1 million!

The issue was whether the financing provided by the existing shareholders of ECM-Libra to KJ was made on the premise that he (KJ) can deliver the merger with Avenue Capital, or was in fact a reward for the merger. No one gives 100 percent financing of the shares of any company (the industry calls it a "margin", which is typically 60 percent), so for the shareholders to give KJ 100 percent financing must mean that the shareholders are very confident that (a) the share price has nowhere to go but up and/or (b) KJ is creditworthy enough to sustain the loan.

Then the next question is: Why KJ? Why not me? Of course, the difference between the two of us is that I don't have access to the PM, so I will have much less value to the shareholders of ECM-Libra as compared with KJ. Is this corruption? At Oxford, KJ would have been taught that people at high places must not only be clean, but must be seen to be clean. He fails on all counts when it comes to integrity and transparency.

On Police visit Malaysiakini office

CYL: This is the first time I am seeing DSP Victor Sanjos seem to spring into action. We reported a case about computer abuse and were never able to get an appointment to see him. I wish they were as efficient and enthusiastic in handling my case then.

On Haze from Indonesia returns

Slow Death: Yes, the haze has return, but what is new? It happens every year without fail and the report seems to point at a neighbourng country. Who can say that this haze has not contributed to the bad respiratory health and to make it worse, the increasing incidence of cancer amongst Malaysians.

If indeed we all agree this is so, perhaps our government should take this matter up seriously with that neighbour. Yes, many are dying from the terrible events in the Middle East and we should all condemn those killers. But what about our own home, should we not also identify the government who is responsible for not clamping down hard enough on those who cause this haze?

We are all dying a slow death - pregnant woman, children of all ages and every one irrespective of race, religion, creed and political inclinations. There is no bomb shelter to go to...

On Traffic fines: Ministers ignore deadline

Peter Ooi: The ministers' attitude towards settling their traffic fines is very disappointing. Such behaviour is very unbecoming of world-class leaders which is very much preached by the prime minister. Looks like our leaders are immune to all offences and could get away with everything.

Not too long ago, the wife of Queensland prime minister was charged in court for drink-driving. She humbly submitted herself to answer the charge in the court.

Would we, poor Malaysians, ever see such an audacious act by the ministers or their wives? Very often, I hear stories of law enforcers being helpless to those YBs. When cornered, those VIPs or top politicians would always used their power or connections to have their offence nullified.

Pak Lah, if you really practise what you preach, have those guilty ministers sacked to prove your point. If the ordinary rakyat were to commit the same or lesser offence, they would be handcuffed and dragged to the police stations in the middle of the night. To prove that you are fair, as preached by your famous Islam Hadhari, do the same to the said ministers. All Malaysians will salute you. You are asking for evidence to charge those offenders. Now the proof is crystal clear. Do it!

Ahmad Faud: Dear Mr PM, why did you retain ministers who had less than clean records, when you had all the chance to axe them and start afresh? One minister was cleared from prosecution for corruption by the AG's Chambers. Another had a RM30 billion question hanging over his head. What about the menteri besar who had approved practically every inch of land on the

immediate perimeter of an agriculture park to unscrupulous housing developers?

I can accept your different style. But you have disappointed us once too often in the past three years. I am still trying to believe in you. The ball really is on your side of the court.