As scandals go, the current imbroglio in Malaysia ring a lot of bells for American conservatives accustomed to home-grown crony capitalism: a gigantic Stimulus-like program intended to spur lagging growth, billions of missing dollars, allegations of missing money used in an election, donations from a mysterious Middle East party, affirmative action, and even Goldman Sachs. Tom Wright and Ken Brown report in the Wall Street Journal: A scandal involving a government investment fund in Malaysia is drawing world-wide attention and has led to calls at home for the ouster of the country’s prime minister. It is also affecting U.S. diplomacy in a strategically important part of Asia. The fund, 1Malaysia Development Bhd., or 1MDB, is under investigation in five countries. It is a story of political intrigue, backroom politics and billions of dollars in missing money. At the center of it all is Prime Minister Najib Razak, who founded 1MDB. A Malaysian government probe found that...(Read Full Post)