Handout Mentality in Practice

THIS WAS FIRST BLOGGED ON notwoxer

So auto sales continue slipping, not just in Malaysia but in some other markets as well.

PROTONS, no thanks to their poor quality image vis-a-vis their price, and poorly thought out body styles, are no exception.

But wait...

Of course PROTON is an exception. They should be protected no? Well at least the PEDA boys, the grouping of PROTON Edar Dealers think so.

Now they want banks and FIs to be given a minimum quota of loan approvals for PROTON cars! Very PEDAs this!

To hell with efforts by banks and the government to lower NPLs, forget good credit ratings. This is a national mission. So help us la, Mr Minister.

PEDA president Wan Ahmad Sepwan Wan Abd Rahman says, (and this is a laugh!):

"It would seem that our banks have placed Proton cars under a high risk category wherein our buyers are given a third class treatment".

Mr President sir, bank loans are approved on the basis or ability to repay, which is then based on your income versus expenses, plus your history of payment with your other dues!

Not because you're buying PROTONs. Jeez! Get real!

The banks don't owe you nothing!