Minibomb Protest = Tide Turn AGAINST PAPee!

[makapaaa]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Nov 15, 2008
</TR><!-- headline one : start --><TR>Investors rally for 5th week <!--10 min-->
</TR><!-- headline one : end --><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Nur Dianah Suhaimi
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At the fifth investor rally at Hong Lim Park on Saturday, anger and complaints of the 700-strong crowd shifted from the financial institutions to the Government and financial industry regulators. -- PHOTO: THE NEW PAPER
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AT THE fifth investor rally at Hong Lim Park on Saturday, anger and complaints of the 700-strong crowd shifted from the financial institutions to the Government and financial industry regulators.
Agitated investors questioned why there is still no word from the Government about investigating the investment products sold by several banks and financial institutions here.
In his speech, the rally's organiser, former chief executive officer of insurer NTUC Income Tan Kin Lian, said his request to meet with Monetary Authority of Singapore (MAS) officials to discuss the three petitions he sent them earlier, had been denied.
The petitions, signed by some 1,000 investors, called for, among other things, the Government to set up an independent unit which will investigate possible wrongdoings by the financial institutions, and to seek fair compensation for investors.
'One month has passed since I sent the first petition but I still do not know if the Government is investigating the matter,' said Mr Tan.
He said that Hong Kong has already set up an independent unit to investigate the complaints of their affected investors.
In a statement on Wednesday, MAS said it cannot reply to particular groups of individuals or individuals on its intended course of action in order to be 'fair and transparent to everyone'.
The heightened antagonism among Saturday's crowd came in the wake of Friday's announcement that another complex investment product sold to Singapore investors - Pinnacle Notes Series 9 and 10 - are now worthless. Read the full story in tomorrow's edition of The Sunday Times.

 

[masgnoeL]

It has been mentioned that the collateral damage will be political whether one likes it or not and it will surely be reflected at the ballot box.

http://www.sammyboy.com/showpost.php?p=78011&postcount=70

 

[ahsoo]

the pap may think: so what if we lose a few thounsand votes over this minibond issue? some of them may not even get a chance to vote ....hehe..

but they forget there are other issues:

-the rising cost of living--GST, electricity, transport, school fees...

-the ministerial pay

-the new organ sales rule

-big jump in "FTs"

-Serangoon Garden

a few thousand votes here and there. lets give a GRC to the opposition and the pap will knee down.

 

[Conan the Barbarian]

the pap may think: so what if we lose a few thounsand votes over this minibond issue? some of them may not even get a chance to vote ....hehe..

but they forget there are other issues:

-the rising cost of living--GST, electricity, transport, school fees...

-the ministerial pay

-the new organ sales rule

-big jump in "FTs"

-Serangoon Garden

a few thousand votes here and there. lets give a GRC to the opposition and the pap will knee down.

Haha, you overestimated the voters. All they need is a few thousand dollars, some in CPF top-ups for another landslide victory.

You see, the protest at Hong Lim only shows people care about money. Therefore, show them the money.

 

[myfoot123]

Haha, you overestimated the voters. All they need is a few thousand dollars, some in CPF top-ups for another landslide victory.
.

In the coming election, we must remind all voters that whatever progresss packages, growth dividends or other stupid names given to the pay-out are just a temporary loan to peasants attached with hefty interest once pap is re-elected. Please take lessons learned from the past. Nothing is free, they gave you $1000 and reaped you $10,000 through hikes and fines/legal actions against you for not paying those hikes.

 

[DerekLeung]

More to come. This is just rubbish that are seen !