Before the airing of this week Channel 8 "In Focus" where the topic is currently on US economy, i just couldnt help it but have a very bad feeling about a certain organization didnt help out or lend a hand.
Let me see if i miss out anything in the chain of events starting from Sunday.
- Lehman Brothers' file for bankruptcy protection.
- Merrill Lynch sold to Bank of America
- Federal Reserves pump in money to AIG
- Central banks around the world unite together to fight credit crisis
- Morgan Stanley is up for sale (latest update as of now)
Yet, there was no mention of World Bank since Sunday. Not a single word or sentence from Internet website, newspaper or any reports about World Bank.
Hmm...
Update: This is what i heard from my tutor that World Bank's objective is to help a country to develop and not to help individual banks who were reckless in their operations.
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