海鸣威 - 我的回忆不是我的

Short Update

While this is still fresh in my memory bank, i thought i share this with all of you.

One chilly monday morning, as i was walking down the usuall route to my office, i realized that there were 'nice decorations' on the telephone wires along Drumond st. Take a look at the pictures.

I am sorry if the pictures are not clear, cause i took it with my mobile phone. Basically, there were three pairs of shoes danggled on the telephone line. Each on a different line between the polls. Now this is what i call the work of boozes over the weekends :D

So, people, unless you have many pairs of shoes, do not try this alright!

Plus, if you have lots of pairs, do donate them to the people who needs them rather then donating to the council which ends up in the rubbish bin.

林峰-愛不疚

Sing along lo..

naH! another rubbish post

Hello people!! After a few drinks with my friends, i decided to drop by my dearest blog. Finally, Vi posted an article. So i decided to drop a totally random post here. After all, i have not done so for a while.

I can tell you right now the weather is invigoratingly cold. Just got back from stout and Johnnie Walker Scotch. It was fabulous! It has been a while since i took part in such "sessions" Not that i am alcaholic ok....., but is just winter (*excuse la*). It help keeps me 'warm' ma!

Also, an update, i learned that Japan lost to Australia 2-1 in the World Cup Qualifying round. :)

*To my dearest Japanese friends, don't be sadden about it. As Japan qualifies for World Cup*

---@ The End @---

damn random punya random post

my brain is running out of juice.. and i dunno what i want to write but i feel like writing something.. so here it is, a post with nothing interesting and also simply written, with no intention of putting any efforts to even capitalize the necessary words and paragraph my phrases. so, here goes, in the middle of june, middle of the year and i am still far away from my goals made for my new year resolution. damn... till the next time, cheers..

Too eng on Saturdays.. do what? IQ test lo..

And my results....


Free-IQTest.net - Free IQ Tests

Nuff said....

Men tries to copy God's work..

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De-stressing again.....

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Cloning is often the issue brought up when it comes to humankind trying to play God.. out of which, some believe cloning is a scientific marvel, can save lives; while the opposite counterparts believe it is catastrophe, which may lead to the disruption of life cycle.

Anyways, there are early stages of cloning of which we witness quite often, and these two 'different' beings, although are individual beings, but the share similar facial traits and characteristics..

Behold...
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.
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Goalkeeper Gomez of Tottenham and... Count Von Count of Sesame Street!!!

Why?
Obviously they look similar in facial.. Although skin colour varies, it could be due to the mutation of his genes during the process, but, the other surprising similarities are their similar characteristics: liking to COUNT!

Gomez: Counts goals conceded..

Von Count: Counts almost ANYTHING... WTF!!

Anyway, salute to you for reading this nonsense.. till then..

1 cookie,

2 cookies,

3 cookies...

Thanks Mark, for such nonsensical inspiration... LOL..

Dentures: Hello world! (Use some glue man...)

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Time to de-stress... lol

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Try not be too emo... This is a pure classic....

P/S: Try watching this with full blast volume, and watch it over and over again for like 10 times...

*Ranting in Korean... Blurt.. Hi dentures..

LOL...

Dictating ruler in the making.. or future performer?

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I'm as stressed out as the kid.. trust me..

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*Arrgh Prrr.. ahh prrr... prrrr ahhh berrr.. prrr.... %@#!&

Heck... those guys thought he's preaching... I really beg to differ.. he sounds more angry than inspiring.. lol..

Help the Turtles

"Turtles play a critical role in keeping marine ecosystems healthy; the same ecosystems which sustain our fisheries and tourism industries that provide food and livelihoods for millions of people. Marine turtles are threatened with extinction due to various factors, including: the practice of consuming turtle eggs, marine and nesting beach pollution as well as illegal trade of turtles and their parts.
Leatherback turtles have already been declared functionally extinct in Malaysia. In the 1950s, there were 10,000 leatherback nests in Rantau Abang each year; now there are less than 10. Moreover, turtle protection laws are inadequate. Please sign up and help save turtles!"

Follow this link to Sign Up!!


src="http://www.saveturtles.my/downloads/banners/wwfegglife360x140.gif"

width="360" height="140" border="0" alt="Pledge Your Support!" />

Subprime Crisis Exprained by Lim Peh

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Damn long din update my brog liao ley.. now something to spice up my evenin..

Damn hilarious article... but it really help laymen to really understand what the f*ck is happening around our world economy... walaueh!!

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In American, just like all the normal human being in the world, when they make any major purchases, they will always ask bank for loan. However, the sorhai american company always like to retrench people and thus the people there the income not very steady one. In Malaysia, when your income not steady you will loan money from AhLoong instead of BANK. But in america, their FBI very power so there is no Ahloong, instead their bank will loan money to all these not steady income people and this type of loan is called Subprime Loan.


Chapter One: How it started

About 10 years ago, all the commercial banks in American were promoting their loan with advertisement like



Since most Ang Mor are only "ada gaya" and "hao-lian" type of people, the bankers came out with special packages for these pokkai fellas. So, Ads like these were flying everywhere:

"No repayment for first 2 years"

"Want to be rich ? Buy Property!"

"Money no enough? Borrow from me!"

"Zero down payment"

"Low rate guaranteed"

Wah ! These packages are damn fierce wan! It basically tell people don't worry for the about repaying the loan because you may strike lottery before payment is due! In the event you don't strike lottery, you can still sell the house that you bought at higher price and pay everything and keep the gain!

Because of packages like this, many American (especially those who think if Black and become president of USA everything is possible) started to borrow money and buy house as INVESTMENT !

So, the banks business become very good, the accounts all look damn solid and all the bankers got huge bonus! But now....got one problem...money all loan out but who can guarantee that these sorhais will be able to pay back when time comes ?


Chapter Two: Investment Banks Also Want

After collecting his huge bonus, the CEOs of the commercial banks also need to do more creative works or else they will be fired soon. So, he went to see the bigger brother - Investment Bank!

For those of you who don't know, the Investment Bank in US is damn power wan ! Their name also damn solid like Morgan Stanley, Lehman brothers, Goldman Sachs. The commercial bank CEOs objective is very simple, they want the Investment Bank to share share and join with them to play the game of Subprime Loan!

Even though the Investment Bank name power, their top management are also same like us eat full nothing to do one. So, they get all those economists, professors, even Nobel prize winners and together go to starbucks drink coffee and blow water.

After many rounds of talking cock, they concluded that these subprime loan is very risky but very exciting and profitable! Something like bank robbery! As a greedy bunch of motherfuckers working for greedy Investment Banks, they decided not to miss this great opportunity so, the Investment Banks are in !


Chapter Three: How The Investment Banks Play

Since Investment Banks are so power and big! They also decided to play it BIG! So, in order for them to raise all the fund to lend it out to those pokkai house owner, they issued something call CDO (Collateralized Debt Obligation). In line with the reputation of Investment Banks, the name CDO also power meaning no one understand! But Lin Peh tell you la, these CDO is actually something like Investment Banks borrow money from the some sorhais but the loan is guaranteed by those pokkai house owner's loan and their f**ked up "very expensive" house. So, where to find such sorhai ?


Chapter Four: Hedge Fund is the Real Sorhai?

In order to find the sorhais who are willing to put out such big sum of money for this type loan, the Investment Bankers did a lot of road show and even engage professionals to make their powerpoint presentation look solid.

After that, they invited groups and groups of sorhais to come listen to them talk cock, drink wine and see their powerpoint. When the powerpoint presentation said that the average return on CDO is approximately 12%, the saliva of the Hedge Fund managers started to drool, so they decided to put their money in and play the game also!

Before you jump into the conclusion that hedge fund are the sorhai, let's look at how the hedge fund got so much money....

The basic job function of hedge fund managers are killing each other at wall street without seeing any blood! They are the one who go around the world, screw peoples currency, stock markets, commodities so the CDO is only a small case la !

The hedge fund managers went around the world and look for low interest loan. For example, Japan interest rate has been very low since the day Karaoke machinese was invented. So, the hedge fund went to Japan and borrow at 1.5% which means, they just have to sign a few signatures, get the money from Japanese and then give to the investment banks and they can sit home masturbate and enjoy a net return of 10% without doing anything. With deal like that, the more they borrow, the more their return la ! Do you still call them sorhai?


Chapter Five: Now, Everyone Can Be Rich!?

So, all the deals are now in place and the cash started to flow!

Strange thing does happen when you have such a huge system running - from the year 2001 to 2006, the real estate market in US was at a super boom ! Everyone was buying houses and make a lot of money ! So, they were right about becoming a real estate tycoon without having to come out with a single cent ! So, from house owners to banks to investment banks to hedge fund all making money ! Damn solid!

However, the investment bankers were not too happy when they see the hedge fund was making so much money from the CDO without having to do any donkey work. So, they got jealous and they themselves also invest in CDO ! It is something like Ahloong themselves go borrow from another Ah Loong !

When that happened, the hedge fund managers see that the CDO was in such hot demand, they also became greedy and they pledge the CDO to banks so they can borrow more money to invest in more CDO and everyone just become richer and richer!


Chapter Six: Let's Insured Everything!

When the Investment Bankers see that the CDOs merry-go-round becoming so big round just like the Eye On Malaysia like that, they also got panic already. So, to play safe, they call the insurance company and tell the insurance company that they want to buy insurance for their CDOs!

Even though the insurance companies are generally greedy motherfuckers, they also not sorhai one. They study the track record of the CDOs and they charge the Investment Banks a heavy premium for it and give this type of policy an even more power name called Credit Default Swap (CDS)!

Since the hosuing market was ok, and everyone was still enjoying huge profit, the Insurance Companies too made very good money from these CDS in the last few years because they just sit there and collect premium without paying out anything!

That's WIN WIN SITUATION - just like what your teacher taught you in school !


Chapter Seven: Not The End Of Story

As usual, eveything that can generate income, people on the the wall street will create a unit trust fund for it. So, over the last few years, Many Unit Trust Fund that invest in CDS were created. However, in order to generate good sales for these Trust, these unit trusts must get good rating from the rating agency.

So, the people on wall street used their creativity to 100% and came out with a brand new idea - Assuming the companies already made $80 Billion in the CDS over the years, they will allocate a portion of it lets say $10 Billion to secured the Unit Trust Fund. Using the $10 Billion as 10% securities, the Fund will sell to the public $100 Billion of the Unit Trust.

That means, if the Fund lost money, the first 10% ($10 Billion) of the loses will be covered by the Insurance. But when it makes money, everything belongs to you! Good Deal or not? Therefore, the rating agency also give the fund AAA (highest) rating ! Since the deal is so good and with AAA rating somemore, everyone also bought! Old man bought! Young man bought! Pension fund bought! Education fund Bought! It was such good business, the Unit Trust decided to issue more Units to be sold ! However, the problem is they never increase the $100 Billion securities! which also means the "reserve" for the losses has decrease from its original 10% to god knows what.


Chapter Eight: No Light At The End Of Tunnel

Just like Old chinese proverb said "Everything You Ate You Have To Vomit Out". The good time came to a stop by end of the year 2006 when the housing prices started to come down, people who bought houses found out there are no more buyers for the houses so they just defaulted on the loan and said F@*K IT !

The Bank try to lelong out those houses but could not find buyer. Citibank, Bank of America all reported huge loses. So, the bank all said F@&K IT !

Since Investment Banks has even bigger stake than the commercial banks in these loans, Morgan Stanley, Lehman Brothers all reported even bigger losses. So, the Investment Banks also said F#$K IT !

When the Hedge Fund saw all the other fellas all f@#%*d, they also cannot escape and Hedge Fund Stake is even bigger! So, Hedge Fund said F@%K IT !

And of course, all the AAA rating Unit Trusts F#@$&d !

Now, Pension Fund F@#*%d! Education Fund F@#*%D! The share market F@#*%d! USA F@#*%d! Europe F@#*%D! Japan F@#*%d! Australia F@#*%d! Bush F@#*%d! McCain F@#*%d! Obama F@#*%d ! Whole world F@#*%d!!!

Malaysia ? Why,State election for Perak loh !

Stress? Tired? Need a break?

Hard day at work? Tired from work or studies? Here is something that might just cheer you up. 

What about taking a few minutes off and watch this short clip. Guarantee you will love it. 

 

Earthquake tremor felt once again!

Wow! yesterday was the second time in 2 weeks we had an earthquake tremor. The magnitude recorded was the same as previous tremor 4.6 on March 6. 

I was having my afternoon nap when it happened. I woke up almost instantly, asking myself what is going on! Next, i saw my fan shaking and the bed vibrating. That moment, i know it was a tremor. I think it lasted for about 30 seconds? Maybe more not too sure, but it lasted for a while. 

According to experts, it might not be the last of the jolt. I hope this series of jolts would not cause problems to building structures. It must be scary for people living in earthquake zones, especially not being able to predict or sense when this would occur. For me, it is a great experience yet scary too!

Oh well! lets hope that the Australian tectonic plate doesn't stress up again!  

3rd Anniversary of 'theRubbishbin'

It's been long since the authors [including me myself :)] updated this blog. However, Ah MingHui did put a great effort in updating the blog.  Thanks!!

I finally put some effort to change the blog, welcoming the year 2009 and also celebrating the 3rd Anniversary of this blog founded by Ah MingHui! 

Oh! Do you want to know how this blog was discovered?? Well, it doesn't really have a dramatic history but do read on. Here is a little history of how this blog began. 

It first started out as a "rubbish bin", basically throwing out the feeling of animosity that was gathered while at Uni. Mainly goes to one class in particular, the finance class which the anonymous lecturer is always a pain to majority of the students. Instead of lamenting the frustration and discontent to one another, Ah MingHui decided to express it via writing thus “the rubbish bin” serves as a place to throw away the anger and be done with it.

 Soon after, managing the blog seems to be rather time consuming.  Plus, I wanted to have a blog of my own but couldn’t find the time and commitment to maintain it by myself, so I thought that the 4 best friends could join in this blog and create post every now and then.  We were going our separate ways after we graduated, and I thought one way to keep in touch was through blogging. HHhmm… it doesn’t seem to turn out as I hope to be. J

 Since our Uni life ended, the “rubbish bin” no longer serves the purpose as it was before. The blog now has a new theme, remember that recycling is good for nature. Eh! We’re not activists ok. We’re just supporting recycling cause personally I think we have done enough damages to this wonderful place called earth and has neglected the beauty that mother nature has created for us. That is just my opinion.

I will leave this for other authors to elaborate further. Hahaha… Ah MingHui?? You might wanna explain this cause you brought up this theme anyways. You might have a humorous side of how this theme came about!