I am quite perturbed that a certain bank is being reprimanded for coming out with restrictions on margin financing in relation to the recent meltdown of certain counters on Bursa Malaysia.

Margin financing is unproductive to the economy, it is just a form of legalised gambling. The banks are better off using their funds to spur economic growth via the financing of medium and small-scale industries.

Is it because certain market punters have had their ability to 'gamble' severely diminished that they are now running to the government and crying 'wolf'?

The stock market is for investment and capital raising and as such margin financing is bad news as it allows for speculation. If you don't have the money, don't buy the shares. Why borrow and buy - isn't that what we tell credit-card defaulters?

Leave the banks alone and let them do business in peace. If at all there is a need for an investigation then investigate why it is so difficult to get financing for a good business plan without being able to pull cables.