May 25, 2006

A Historical Day in Taiwan



Reuters:
"Taiwan President Chen Shui-bian's son-in-law was detained on Thursday after marathon questioning on suspicion of insider trading in a scandal that has sparked opposition calls for Chen's resignation.
It was the first time a member of Taiwan's first family was held on suspicion of breaking the law."

Financial Times:
"The son-in-law of Taiwan’s President Chen Shui-bian and his family were questioned yesterday over alleged insider trading.
The interrogation is part of an inquiry that has revealed a web of nepotism and influence-peddling reaching beyond individual cases the administration has so far admitted."

Heard the news from radio 7:00 AM when I was driving to work. Feeling a little bit happy because he (and Chen) deserves it, but also very sad. Part of the sadness was for Chao's wife and kids, and mostly for the democratic and jurisdictional systems. It represents serious problems in this environment that nourishes such corruption. The mutual destruction behavior of the two political parties is the major reason these "worms" can occupy important positions.

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