Check your facts please!

I absolutely, ABSOLUTELY HATE when people publicly and openly criticize others when they themselves are not sure of what is actually going on. it just shows that

1. the person is not actually that smart, but want to be seen smarter than the person he's criticizing
2. the person just do not care to actually check the facts
3. the person is a WHINER and just blame the authority for his hardship

i saw this is thestar's blog section on their online page.
http://blog.thestar.com.my/permalink.asp?id=18189

>>Bank Negara Why Increase Interest Rate? Posted by: vijaysvk1 Dear Bank Negara
I always believe economic indicator cannot be real indicator....Economic indicator is based on certain formula and it will never represent the real situation on the ground.For example income per capita....
Ok....now lets go to the real issue?Hi Bank Negara Why you increase the interest rate when it will defintely burden the people and make the commercial banks richer...you have increased the interest rate for cars and we can see how it will burden the new buyer...soon you will increase the BLR and again people will suffer....
Dear educated governer..can you explain your action...or you cant as you are the guardian of commercial banks?
We need to fight this...........<<

Bro, Bank Negara DO NOT set the interest rate! The banks are running a BUSINESS, lending people THEIR MONEY. They have a say of how much interest rate they want to set. We, the central bank, regulates them making sure they're doing business in proper conduct, but we do not control how do they spend their money or how much profit they wanna make. We're not a communist country, in case you forgot.

We, more or less, determine the BLR. It's the overnight policy rate that we determine and from the last committee meeting, it was decided that it's NOT CHANGED. we only determine the high level rates, and not for each and every product the bank is offering.

your credit worthiness affects your loan interest rate. the amount, the car you're buying, all contributes to it. there is ASBOLUTELY NO WAY for bank negara to set all that. the change in the car loan interest rate is purely by the bank. if you don't like a bank's offer, find another one! that's why it's called shopping for a loan offer. u don't like one shop's price, find another lah.

so, before publicly blasting people like that, it'll be good to make sure that you have all the facts rather than simply blaming other people. it makes you look bad (and stupid)