HDB: So where the hell did the money go to?

According to CNA, HDB suffers S$2b Deficit [Link]

Holy shit, lesser mortals are now treated like idiots!

Nobody competes with HDB. It builds and sells thousands of units every year at hundreds of thousands dollars per unit. HDB takes a cut from resellers when resale flats are transacted. How can a monopoly with so much freedom and free-play (charging hapless HDB mortgagees any price it fancies) end up with such a shameless account of itself?

With all the "pow ka leow" - "control everything" and "pow chiak" - "sure win" position, who on earth would believe that they can end up with a S$2billion defishit.

I've no idea how they cook and audit the figures, if they are audited at all. If HDB can lose money, then pigs should fly. Singapore should score #1 in press freedom. There should be no kangaroos in Singapore Courts and no judges in Singapore Zoological Gardens. LKY was never a PM, SM or MM in control of Singapore. My mother should take over Her Royal Highness Elizabeth’s post as the Queen of England and I'll be reincarnated after I’m fed to the fish and return as the POTUS!

Unless, of course, HDB went on a gambling spree like Town Councils which dabbled in toxic Lehman Bros funds or "Ah Long" (lend) $$$,$$$,$$$ to GIC or Temasek and can’t get them to O$P$. (Owe Money, Pay Money!)

Bloggers are wondering if someone should bite the bullet and answer to this sickening joke and knives are pointing at Mah Bow Tan, Mintster of National Development. THen again, if Wong Kan Seng can still keep his job after Mas can Selamat Jalan to JB, I doubt Mah Bow Tan will lose his million-dollar-job.

Will the Singapore accountant-general or auditor-general comment or will this be another PM's "what to do, it happened" swept-under-the-carpet issue.

Or will we get another FM's "the public is interested but there in no reason to explain" to "we-can-walk-all-over-these-lesser-mortals-who-are-too-stupid-to-know-the-difference" kind of answer.

Who knows?

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