He cited the example of a bank CEO who may not be a citizen but runs a bank that creates thousands of jobs. “You put the wrong CEO there, the bank goes bust, thousands lose their jobs,” he added.
He seems to have forgotten that the wrong CEO was put in charge of a private ltd company named Temasek, and this CEO caused the company to lose billions $. However, I did not see even one person lose their job over this, so I don't know what kind of shit analogy he is using. Also, MAS controls the operations of all banks closely. I can tell u that they will step in long before the bank goes bust to prop it up and make sure all the depositors are protected. In fact, I cannot recall any major bank failure in singapore in decades.
In any case, I know at least one SIngaporean running a publicly listed bank in Hong Kong. There are many banking executives in singapore (local born) that are capable of running large banks. His own uncle Tony Tan is one of them. You cannot tell me that SIngapore, the home of large banks like DBS, UOB, OUB, OCBC, POSB, etc. cannot produce its own competent and capable bankers after decades of independence? This fucker Gay Loong just does not trust his own people. He should just say so. He prefers angmos, or apunehs to run the big banks here, forgetting that it was angmor bankers that caused the world financial crisis in 2008.
