Integrated Resort Disintegrated?

I was reading BothSidesOfTheJohorStraits on "retrenching ministers" and I can't help commenting.

Here goes:

Love what you wrote!

I'm with you!

In this austerity drive, Mayor Teo Ho Ping who invested peasants money in Lieman's MiniBonds/HighNotes through Town Council's Conservancy Fees with "EYES OPENED" should be retrenched too. Same goes with other MPs in Town Councils who bought such toxic financial products!

Oh, the 'add insult to injury of YOU WALK IN WITH YOUR EYES OPENED' comment will create unhappiness and draw much curses from investors and non-investors alike for the lack of sensitivity for the pain and suffering of those who lost! Well, being in Ivory Tower for more than 40 years does take its toll on humility and the humanness of being.

With smiling fat cats taking care of their own, starving peasants can only suck thumbs and watch the self-glorifying and "pass the buck" leadership continues with the wayang and nonchalance with the losses! What type of heck-care attitude is this?

Whatever right that's wronged, WKS is not to be blamed for Mas Selamat Jalan (walk) and all victims of the Lehman Bros collapse in S'pore are blind except those in PAP who did it with sinking funds of Town Councils! What a s(t)inking feeling!

It's not what you did. It's who you are and your affiliation to PAPOWER that decides whether you are blind or have 20/20 vision in investing and other decision making.

Anyone wonders if Singapore Pools will combine with CapitaLand to take over bleeding Sand's Gambling Den (or is it DisIntegrated Resort?) at Marina?

I do.

Btw, the chase is on to attract more $$$ to CPF to support Temasek and GIC. GCT tried to sell again when he said putting money in CPF is much safer than MiniBonds. True except that you don't know when you can withdraw money from CPF. It was 55 then but now it's God knows when! The goalposts keeps moving in the shifting CPF Sand. Then again we cannot blame him for trying with the latest collapse of ABC Learning Centre in Australia with last years' Temasek's investment of A$400 million disappearing with it!

Well, somebody has got to feed the bleeding Temasek and GIC? With Sand sinking, peoples' money will be helpful in building gambling dens of 1,000 gambling tables, up from 600! We sure are Bersatu Padu Begerak Maju (Staying Together Moving Ahead). Aren't we?

Town Council's Sinking Fund in Lehman's, Suzhou, Thaksin's ShinCorp Manchester City Football Club, Temasek's ABC Learning, billions in UBS & Merrill Lynch and what-have-you . . . you, me and SingaSuckers have to pay for it!

No free Lunch?

There is for FAT CATS!

feedmetothefish