engineering and others pay suck

all switch to finance.

this is the reasons why the citizen will suffer subsequently.
First, when the billions of fund are injected to save these coffers’ companies (I said their companies because whose know what stake they really hold given that they are so eager to save their ’son’ ? Every mortal will know that it is stupid to enter the crisis game early. Clearly, there must be some very unnaturally close relationship between the government and these bank. It looks like the financial crisis will expose these government’s relationship had the government not intervened).

Telling us that it is a long term investment ? What a bull ! Remember the GST that they so nobly proclaimed to help the poor ? It ends up the poor is the ministers and for companies’ tax rebate. It looks like some hidden agenda and relationship going on between government and the foreign companies.

I still remember reading Bart’s blog talking about how increasing GST is good and that he seems to figure out the ingenious thought of government. But when the government reveals their true intention of GST, it only mock and betray those who put forth the elite’s astute positive opinions and judgement. A solution in search of a problem.

But who are paying for those billions of fund that are lost but must be recovered to get Singapore going ? The answer is another hefty price increment, ridiculous ERP gantries, and other means of recovering loss as much as possible, and then quoting those are for our own good again with some crazy statistic.

But then when the economic recover, the price can never lower down, only going up, as shown in history of Singapore. But when it’s payback time from investment companies, and bingo, these coffers will get billions of return for themselves, and another big applause of salary, perk, and bonus increment (This time, they likely to just keep mum). As for the rest of pleasant, they will again lecture by sensile old man for crude mentality and complacency, no wellfare.

I read somewhere that says
“Blunders are for the pleasant to bear, profits are for the coffers to enjoy”

Come on, we seen this from time to time. These scenarios are nothing new.

this is the reasons why the citizen will suffer subsequently.
First, when the billions of fund are injected to save these coffers’ companies (I said their companies because whose know what stake they really hold given that they are so eager to save their ’son’ ? Every mortal will know that it is stupid to enter the crisis game early. Clearly, there must be some very unnaturally close relationship between the government and these bank. It looks like the financial crisis will expose these government’s relationship had the government not intervened).

Telling us that it is a long term investment ? What a bull ! Remember the GST that they so nobly proclaimed to help the poor ? It ends up the poor is the ministers and for companies’ tax rebate. It looks like some hidden agenda and relationship going on between government and the foreign companies.

I still remember reading Bart’s blog talking about how increasing GST is good and that he seems to figure out the ingenious thought of government. But when the government reveals their true intention of GST, it only mock and betray those who put forth the elite’s astute positive opinions and judgement. A solution in search of a problem.

But who are paying for those billions of fund that are lost but must be recovered to get Singapore going ? The answer is another hefty price increment, ridiculous ERP gantries, and other means of recovering loss as much as possible, and then quoting those are for our own good again with some crazy statistic.

But then when the economic recover, the price can never lower down, only going up, as shown in history of Singapore. But when it’s payback time from investment companies, and bingo, these coffers will get billions of return for themselves, and another big applause of salary, perk, and bonus increment (This time, they likely to just keep mum). As for the rest of pleasant, they will again lecture by sensile old man for crude mentality and complacency, no wellfare.

Come on, we seen this from time to time. These scenarios are nothing new.

GIC’s investments are a concerned. Perhaps some insight can be gained from Ho Khai Leong’s book.

I think the govt is still doing its X’mas shopping, instead of the GSS.

That’s a good point I didn’t think about. But, technically, the monies of GIC and Temasek are public funds, so some accountability is needed somewhere. For me, I don’t require parliamentary debate but I would like a full disclosure of their accounts, audited by a reputable accounting firm using GAAP standards. Of course, this wish is a fantasy, at least for now.

LOL. Where have you been man? I finally see your comments in cyberspace.

more like great singapore binge!

and as for parliamentary debate on GIC’s investments?

u r so naive.

the MPs and the rest of the singapore population are too stupid to understand the *superior* intellect of the executives running GIC and the intricacies of investing that only the great minds of Tony Tan and his henchmen comprehend.