Comments | citiguy: CitiNews: The Next Financial Hub in Asia?

citiguy

CitiNews: The Next Financial Hub in Asia?

Oct 17, 2008 20:06

Recently, there have been many comparisons made between the Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) in view of the structured products linked to Lehman Brothers. After a few days or a couple of weeks of criticisms, MAS has finally reacted. They have decided to step in to conduct an investigation. What ( Read more... )

citinews

Comments 7

anonymous October 20 2008, 10:39:40 UTC

To the certain extent the investors need to address their own complicity in the matter, the hands-off approach of MAS had been shocking - fine showcase of MAS to the world when compared to how proactive HKMA had been to her people in the same predicament.

Next, we have the insensitive SM who not only rubbed salt to wound with his u-die-ur-biz remark, but gleefully enjoying the fiasco and gloat abt the fabulous 4% cpf funds are paying.

What a defining momnent for the Financial Industry !

Maybe his wife sud also come out of this saga and proclaim that this is all just peanuts.

citiguy October 21 2008, 03:11:41 UTC

The husband and wife are hopeless. They really can't empathise with the poor. To them, a few millions are nothing more than peanuts. So, probably they cannot understand why the big row in Singapore when people are just losing $500k.

I seldom think Lim Swee Say makes any intelligent remarks. In my earlier blog, he was telling people not to switch jobs just because the other party is offering you a few hundred dollars extra. Now, he is gloating that he is earning 4% return on CPF every month. Isn't his logic a bit warped?

anonymous October 21 2008, 03:35:27 UTC

As for comments of Lim Swee Sway, the less said the better. He is an embarrassmment that Singapore can do without.

His recent comments on CPF statement makes u wonder - they with so much $$$ - why cant afford a better script write.

HIs comment on feeling rich on receiving MONTHLY statement is laughable if it werent so wrong. Citi, 1 question - do Singaporeans receive monthly statement from CPF ?

Plus that coming from a million $ mini-stir is bad taste of the first degree.

citiguy October 21 2008, 04:13:08 UTC

i don't remember receiving my cpf slip monthly. Maybe Mr Lim has requested for it to be sent to him monthly, so that he can smile every month. poor thing. without the slip, you probably can't see a smile on his pock-marked face. :P

anonymous October 21 2008, 05:31:00 UTC

Then we can conclude he is a true blue circus clown unworthy not even of a SGD$1,000 pay check.

The oft-touted, extraordinary talent, coupled with beyond-the-stars vision is, once again , proven hogwash.

Another million $mini-stir failed the acid test. Perhaps, singaporeans should take this less a political issue, but more a political lesson in choosing future leaders next time.

An army of rabbits led by a lion is more feared than an army of lions led by a rabbit - my 2 cents.

citiguy October 21 2008, 06:08:27 UTC

I agree. I hope this can be a lesson to all Singaporeans who still think that they have chosen a capable leader.

Come next election, i will remember how they refused to step in to help us. I will remember them for that.

anonymous October 21 2008, 07:58:28 UTC

The beauty of having alternatives to make comparison on an apple-to-apple basis.

HK leaders have shown clearly what true leadership entails from their tone n sincerity in dealing with a crisis.

If there is any positive development out of this debacle, it is that monopoly in politics leaves the citizenry in a lousy position - being thrown to the sharks so to speak.