Readers respond
Here are some comments that came in response to Monday's Daily Star report headlined 'Govt actions draw doubts'.
Md Mehebub Haque
Accountability and transparency have to be established in the capital market by the government to avoid such kind of unexpected experience. It is the core duty of the government to stabilise the market. Therefore, the government has to do something so that people again get back faith in the market. According to the experts, the government has to be more dynamic in this regard to root out such kind of problem. Saleh-Rahim Ahmed
Mind, it's a business -- buy and sale in an open market atmosphere in black and white! Whoever comes in needs to be adult and equipped enough to enter into contracts with other legal entities! We are really very frustrated and afraid about the way the issue is being dealt with by all three parties i.e. investors, authorities and the media! We strongly believe that first and foremost, the perception about the capital market has to be developed among the parties concerned! If fallen short, nothing will be working effectively! Nasirullah Mridha
The government's tendency to take action against stock market speculator could bring instability in finance sector. Don not spare anyone who siphoned off bulk of money from share market. Kazi Nasim Ahmed
Too many comments of so-called analyst are liable for current crisis of the stock market. These so-called analysts do not have basic knowledge about how stock market runs. Due to their baseless or fabricated or ill-motivated comment, general people are confused and confidence of the investors are shattered bringing instability to the market. DS (The Daily Star) is constantly publishing these ill-motivated comments in their evil design to bring further instability to the market and put the government in embarrassing position. Each and every move of the government is being criticised without giving enough time to see the result. If these professors and commentators are made FM, SEC Chairman, DSE Chairman, it will be proved how efficiently they can run this highly sensitive market. Dolon
Justice delayed is justice denied. Lack of guts is the main problem. No where (politics, economics...) you can have exception of it!! Sheikh Monirul Islam, Opee
Stock market was never an ideal solution from its very inception as an economic theory and there are many economists in today's world who would surely agree with me that market manipulation and creating liquidity for many business houses, and ultimately making the fund go vanish is a tool which is part of the conspiracy theory. In Bangladesh, it is having its worse effect as there are handfuls of industry giant that are western educated in the 70s and they experimented their newly acquired western theory to work. Basically huge corrupted ideas and influence within the government machinery allowed these people become wealthy over a very brief period of time. All as fruits of capitalism, I suppose. These groups have become so powerful, and politician and bureaucrats are tools in their hand, now the situation has become so unbearable. We really need to correct the situation firmly. Or else, this government will suffer a major blow in the coming election. Democracy has failed. We know who these criminals are and we are so helpless that they stay untouchable. I hope that we shall someday catch up with them if events like Tunisia take place. I see that day not so far away. Abdullahil Mamun
Institutional investors, especially the banks, should come ahead. And stakeholders should pay their attention regarding the liquidity shortage, unless the scenario remains the same. OpeeMonir
Mirza Azizul Islam and our finance minister are talking nonsense. They are people within the same group who are beneficiary and the knowledge was in their hands. They utilised the opportunity and did not alarm the common people. This is like robbery in broad daylight and we must get to the bottom of it. The matter will not go so well if the FM do not take more firm actions. In fact, things can go beyond control soon. The government will regret this very soon.
Accountability and transparency have to be established in the capital market by the government to avoid such kind of unexpected experience. It is the core duty of the government to stabilise the market. Therefore, the government has to do something so that people again get back faith in the market. According to the experts, the government has to be more dynamic in this regard to root out such kind of problem. Saleh-Rahim Ahmed
Mind, it's a business -- buy and sale in an open market atmosphere in black and white! Whoever comes in needs to be adult and equipped enough to enter into contracts with other legal entities! We are really very frustrated and afraid about the way the issue is being dealt with by all three parties i.e. investors, authorities and the media! We strongly believe that first and foremost, the perception about the capital market has to be developed among the parties concerned! If fallen short, nothing will be working effectively! Nasirullah Mridha
The government's tendency to take action against stock market speculator could bring instability in finance sector. Don not spare anyone who siphoned off bulk of money from share market. Kazi Nasim Ahmed
Too many comments of so-called analyst are liable for current crisis of the stock market. These so-called analysts do not have basic knowledge about how stock market runs. Due to their baseless or fabricated or ill-motivated comment, general people are confused and confidence of the investors are shattered bringing instability to the market. DS (The Daily Star) is constantly publishing these ill-motivated comments in their evil design to bring further instability to the market and put the government in embarrassing position. Each and every move of the government is being criticised without giving enough time to see the result. If these professors and commentators are made FM, SEC Chairman, DSE Chairman, it will be proved how efficiently they can run this highly sensitive market. Dolon
Justice delayed is justice denied. Lack of guts is the main problem. No where (politics, economics...) you can have exception of it!! Sheikh Monirul Islam, Opee
Stock market was never an ideal solution from its very inception as an economic theory and there are many economists in today's world who would surely agree with me that market manipulation and creating liquidity for many business houses, and ultimately making the fund go vanish is a tool which is part of the conspiracy theory. In Bangladesh, it is having its worse effect as there are handfuls of industry giant that are western educated in the 70s and they experimented their newly acquired western theory to work. Basically huge corrupted ideas and influence within the government machinery allowed these people become wealthy over a very brief period of time. All as fruits of capitalism, I suppose. These groups have become so powerful, and politician and bureaucrats are tools in their hand, now the situation has become so unbearable. We really need to correct the situation firmly. Or else, this government will suffer a major blow in the coming election. Democracy has failed. We know who these criminals are and we are so helpless that they stay untouchable. I hope that we shall someday catch up with them if events like Tunisia take place. I see that day not so far away. Abdullahil Mamun
Institutional investors, especially the banks, should come ahead. And stakeholders should pay their attention regarding the liquidity shortage, unless the scenario remains the same. OpeeMonir
Mirza Azizul Islam and our finance minister are talking nonsense. They are people within the same group who are beneficiary and the knowledge was in their hands. They utilised the opportunity and did not alarm the common people. This is like robbery in broad daylight and we must get to the bottom of it. The matter will not go so well if the FM do not take more firm actions. In fact, things can go beyond control soon. The government will regret this very soon.
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