Mahathir Mohamad: People Are Laughing at Western Banks’ Collapse

The irony would be sweet if it weren't for the little detail of being caught up in the ripping apart process.

Mahathir Mohamad: People Are Laughing at Western Banks’ Collapse - Davos Live - WSJ.com: "“They told us … there was a bubble [in asset and currency prices]. They told us not to increase borrowing. They told us to cut back government spending. Its advice they ignored in [their] own economies,” he said to an appreciative audience of Arab businessmen who have their own gripes about what they see as American and European hypocrisy, especially when it comes to foreign policy in the Middle East."