Friday, July 31, 2009

Petition to PM on credit linked note (6)

Petition.

Update: 522 signatures as at 10 PM on 24 July. On the way to target of 1,000 signatures.
Update: 590 signatures as at midnight of 27 July. The pace of signatures has slowed down. Please pass the word around for more signatures to reach the target.

80 comments:

Anonymous said...

how do i get a loan without cpf

does the gov help?
its a big joke

ho said...

I had engaged a journalist to write about a sad story long ago. She spent a few days with me collecting facts and data. She was later told approval was not granted for publishing. I also came to understand from her all articles, stories or comments need to be vetted by "someone" up there.
Is this the type of 'indepenent' press we have in Singapore?

Anonymous said...

Hi Kin Lian, Please post the latest valuation (July24)of the following series of Pinnacles Notes. The situation is now very critical for holders of these notes.

Series 9 & 10 are already kaput, 1 & 3 may be gone too, and 2,6 & 7 are almost worthless at 0.3% or less(they were at 2% a fortnight ago!) and Series 5 at 1.8%, barely alive and hanging by their skin.

Only remaining 4 Series are fairly safe at this time.

Yet MAS unlike its HK counterpart is expecting each and every investor to fight it out on a case-by-case basis with his FI distributor when it has already found the FIs guilty of near-systemic or firm-wide errors and faults. MAS is indeed prescribing a slow and painful death for the investors who are the victims in toiling through processes of complaints, FIDREC and/or legal actions, while the guilty are merely given what is effectively an enforced but cost-free and painless holiday.

In the light of the latest empathetic resolution led by HK's authority, I think the Petition ought to updated appropriately to add more punch.

SB

Anonymous said...

The press is controlled inside and outside.

Anonymous said...

I cann't believe this is Signapore.

Anonymous said...

No different from North Korea-- everything is controlled.

Anonymous said...

Mr. Tan, are you aware that Hong Lim Park is wired with CCTV cameras all over? I am not surprised it is also bugged with listening devices.
Freedom of speech? what crap... They think it is the Geylang red light.
Becareful, this gahment cannot be trusted. They are now scared of their own shadows.

Tan Kin Lian said...

Hi: Poster of 8:02 PM
I have read that Hong Lim Park has CCTV installed. It is okay. I always work on the basis of transparency.

Even if there is no CCTV, I am sure that the Police has their personal in plain clothes with the recording devices.

I do not intent to stir up trouble, or to make defamatory statements. So, there is nothing to fear.

Anyway, if the authority want to create trouble for me, they will be able to find some fault. All of us have some fault, one way or another. No one is an angel.

Anonymous said...

What is there to be afraid of ? Our conscience is clear. So what if there area 100 cameras ? We are not going there with weapons.

singaporeshortstories.blogspot.com said...

I noted the date of this post is 22Aug? Why it is so?

Anonymous said...

The CCTVs play on the culture of fear that had been mentioned so many times in this blog. This culture of fear is so overwhelming that even if there strong evidence that they have been cheated, people will refuse to sign a petition, attend a gathering or seek legal action to recover their money. Instead they hope that someone else will do all the fighting for them. If that person wins, they then quietly collect their money.

I did not purchase any mini-bonds or high notes. I will however attend the gathering on 22 Aug to support the efforts of those fighting to see some justice done in this matter.

Anonymous said...

Hong Kee,

Why you work / migrate to Singapore? Isn't it better to live in your communist country?

Anonymous said...

The main problem with the camera is that the video tapings will be very handy for authorities to sue for libel much more easily. In our fury of anger, it is 99% certainty that when we speak, we will occasionaly pass some non factual statements accidentally, about such and such a person 言多必失. There you go, you get sued for libel. Who dares to speak? Game over.> beep.<

A Tan said...

If petitioners and friends do not dare go to HLG because of CCTV cameras, you deserve to lose yr money, and to be ignored.

If you believe gathering will help you, go CCTV camera or not.

Oh and why has no-one the courage to join TKL to speak. Again if petitioners dare not, you deserve to lose yr money and be ignored.

BTW I not investor, but I annoyed that S'porean investors depend on non-investor to lead them.

In HK, investors take the lead. Others help. Here all depend on TKL to draw and and put up petition.

Finally I hope all of you praising TKL showing yr appreciation by buying his books or signing his "100,000 names" petition.

Otherwise govmin is right to think that can ignore you people without any adverse consequences. Come GE you will vote P P PAP.

Have some sense of appreciation.

Tan Kin Lian said...

Reply to poster at 9:40 am

Don't worry about making defamatory remarks in the midst of emotion.

If the party sue you for defamation, you still have the chance to apologise and withdraw your remarks, or to clarify that the remarks do not mean what the plaintiff claim to be.

If any party wish to sue me for my views or remarks, I will consider if they have the right to do so. If I made a mistake in defaming them, I am willing to apologise (out of fairness to the other party).

So far, nobody wanted to take any action against me, although I have expressed my views quite often. I always try to be fair in expressing my views.

Tan Kin Lian said...

I have dated this post as 22 August so that it will stay at the top of the blog for the next few weeks.

The Petition is dated 29 August 2009.

Anonymous said...

I feel that the petition should
reveal more truth and point our
finger to the main culprits:
1.MAS
failed to bring the FIs who
breached the FAA to task and
hold them for the responsibility
for mis-selling the toxic
products to the public.
failed to release the name list
of RMs who breached the FAA in
its investigation report.Instead
asked individual investor to
fight for their own case.This
is bias against the retail
investors.
2.Minister
failed to look into and safe
guard the interest of SG citizen.
600m dollars had been swindled
by these cheating syndicates and
yet our minister only worries
FIs reputation were tarnished.
3.HK has gained world respect and
praise.SG has been scorned as
weak as a lame duck in front of
the powerful FIs. Are there any
possibility of "官商勾结" ?
4.An independent investigation
commission should be set up so
to get the truth and real
culprits for the scandal.

Anonymous said...

another way of doing this is to take out a full-page advertisement on ST, not to complain, but rather to show why it is unfair that the FIs were not punishedl, why the products are flawed, and why stronger government actions are needed. now the question is: is this allowed in Singapore?

Anonymous said...

Basically all it takes to change the whole scenario in favour of the investors' (or at least a more reasonable settlement) is a single comment of one man in singapore, that old Grandmaster. If, miraculously, he somehow changes his stance tomorrow, the entire government machinery will switch tracks in no time at all. We're in reality North Koreans, it is quite obvious. High defence spending, no freedom, nepotism...

Anonymous said...

Anon 3.56 pm

Quite agreed. Maybe that's how things work here.

Problem is how to even get near him, let alone to convince him (behind the scenes of course) to do that.

Anonymous said...

most kiasi including me. we deserve to loose our money.

Anonymous said...

Hi 12:39PM,

You are obviously not a Singaporean.

What you have sugested will NEVER happen in Singapore. Plse don't dream.

John

A Tan said...

Apology don't mean no $ cost

Very likely got take ad in paper and pay other side lawyers'.

Defamee may ask for damages.

And if apology not accepted, still got to go to court.

Not risk free.

Tan Kin Lian said...

There is already a climate of fear. So, comment such as A Tan is not helpful to giving courage to kiasi Singaporeans.

Anonymous said...

Our Grandmaster who art in Parliament,
H---- be thy name,
Thy election day come,
Thy will be forced on us
As it has been for 44 years,
Give us this day our CPF back
And forgive us our gatherings in Hong Lim Park,
As we forgive your army of cronies,
Lead us not into nepotism,
But deliver us from economic, social and political collapse,
For yours is the nation, the power and the shame.
Maju-lah Singapura
===repeat the above mantra twice daily for optimum results====

Anonymous said...

Whatever the negative views of some, I would like Mr Tan Kin Lian and his volunteers know that I deeply appreciate his effort, and I believe many other do as well, and we believe the continued effort will bear fruits and make it a better Singapore for all in future

Anonymous said...

Sorry for this digression......

FISCA is ready and is now accepting membership for $36 a year.

Support and don't quiver over the fee. Support Mr. Tan. He deserves your support, morally and financially.
FISCA will change the financial landscape. The ways products were sold will be outlawed. The poorly designed products will be examined ans exposed.

The Watchman

Anonymous said...

To each person it is his own conscience and courage that drive his behaviour. To others, you make up your own mind to attend or not. But please do not pour cold water if you do not go. Let others to make up their own mind without undue fear. Thank you!

Anonymous said...

A Tan seems always writing discouraging, depressing messages. He is obviously have ulterior motive or mentally unsound or too backward thinking.

Anonymous said...

Nevermind CCTV. Let them see thousands of angry people and hopefully change their conscience. Agreed with 12.29pm, hopefully grandmaster change and has some heart for the people. Let's dream and hope our dreams come true. Never give up hope. Hope keep us alive.

Anonymous said...

Someone should list know all the impt dates towards this fiasco. like when LB chapter 11 happen, when MAS publish their comments (vis-a-vis HK garmen respond). If lay out side by side, then it will become obvious what our garmen is not only painfully slow but also not interested (totally lost touch with ground). For minibond, MAS actually suggest that investor file with US court.....I wonder if they actually visited the website for filing. It is so complicated.

I will admit to ALL my friends that I am a dumbo and lost money in minibond.....but I will also highlight to them that we have a garmen that no longer cares! I hope GE will come soon.

Lastly, thank you Mr Tan for taking the lead.

Anonymous said...

I agree the GE will allow us victims to make our position clear. The government has really disppointed in handling this fiasco. on other hand, HK government recognised that products themselves are toxic and people were unfairly cheated into the purchase and have helped drive the banks to compensate

Anonymous said...

"PM Lee calls on nation to stay united to meet all challenges"

How to unite when the MB case clealy showed that we are not in your best interest. Clearly MAS report shows Mis-sell and Mis-rep, HK SFC and MA successfully negotiated fair comnensation and what have you done? Talk about BIG PICTURE again and maybe in 2 years time, ask for minister pay raise again....

Anonymous said...

Hi All, our Gahment know we dare not do something like what the victims in HK did, that's why we are being bullied. Please, these are our hard earned monies, fight for yourselves !

Anonymous said...

Stand united ? I don't even feel that I am a Singaporean after what has happened. For the past years we have been encouraged to save for retirement and the next things FI jumping on the wagon started pushing "toxic product" to suck you dry and wiped out big chunk of your savings and now our Gahment don't give a damn to your plight.Stand united ? Can anybody do that ?

Anonymous said...

this is a govt grown too complacent,care hac about solving people's problem in need of their help. MAS cannot remain hands free as creator of this mess in the first instance by approving such toxic products. Govt leaders now only keen to enrich their own wealth. Great disappointment for them to remain in power.

Anonymous said...

Next election, please take the government given money which is from our ERP, gst and income taxes and vote the opposition, no matter who they are and help yourselves and Singapore.

Don't give the present government the opportunity to enrich themselves and take the money given to you back.

Anonymous said...

The amt of money we loss is just a very small drop of money to them.
They don't understadn how important these money is to us.
They don;t undertsand how hard for us to save these money.

Michael said...

Hi Mr. Tan, I am not a victim of this Lehman Bro's minibond. Can I still sign the petition? Please kindly advise ...

Anonymous said...

The date of the petition showed 29 Aug 2009??

Anonymous said...

my son is 14 years old now , he is also one of the victim of Pinnacles Notes (9). if this is a hight rise product why 13 year old child can invest? beause the RM told us this is save like fix-deposit, even fix-deposit uder age also can't put the name but the notes can .this is his saveing from baby.

Anonymous said...

Mr.Tan,
May be we should collect voluntary contribution from those attending the Aug gathering to print the petition letter in newsaper? i am not sure whether it bis legal to do so?

Anonymous said...

Hi 11:51,

You should report your child's case to police for cheating. But FI may reply that your son's decision to buy toxic product is under the advice of his parents.

Anonymous said...

This is ridiculous ! Write to MAS and ask for an answer. It goes to show why we have to press for settlement. MAS cannot simply wash their hands from this issue.

Anonymous said...

Now it seems that we the weak consummers of the
toxic productions are fighting an uninvincible
battle against the combined force of FIs, MAS and top govt officers. No sympathy was shown
any parties of above. Under this circumstance,
we should show our fighting spirit even though we lose the battle--by effective strategies:
1.pubiicize the whole truth to the world by
advertizing our open letter.
2.use contrastive and comparation methods to publizise and distinquest the different methods
in various coutries, ie. HK, Taiwan and SG. Most
importantly, tell the world what are the effects
and results for the retail investors.
3.provide key information for the opp parties so to get enough protest voices in parliment as we have lost hope in any MPs and ministers.

Anonymous said...

You think this is bad? You lose just money in this case. Very soon, when the IR opens, you may be losing your wives and daughters. Why, just go to Asiaone news to see the article being written about the wife of a debtor who was taken away, raped and photographed by loansharks and forced into prostitution to repay his debts. The combination of gambling and money-minded people will soon hit our shores like a Tsunami. You think you can trust our govt to stop these. Just look at all the hotel 81s and vice activities sprouting up all over the island. The police can only catch the "victims" like runners who are actually victims themselves. Who are these masterminds and why so difficult to catch? This place is going to the dogs with the million dollars leadership unable to solve the problems but instead creating new ones. Sad

Anonymous said...

Hi 3:20,

You are right. Singapore will soon becoming a gambling hub and prositution hub. Our govt will be the "Okui toa".

Anonymous said...

I think it is very clear that our govt has adopted a "4 no 3 yes" policy in the handling of the toxic products, namely
1. "no" to admit liability for approving the
sale of the toxic products to retail
customers otherwise our neighbor will laugh
at us how come we were so stupid to allow
such thing happen.
2."no" to penalize the FIs as the interest of
FIs and govt are closely linked. If the
reputation of FIs were tarnished, the
regulatory authority also suffer in the same
way.
3."no" to reveal the whole truth to the people
and let FIs compensate as low as they like
to granny. 600m dollars swindled by cheating
syndicates were peanuts and not worthy for
consideration.
4."no" to help retail investors by releasing
the name list of the RMs who admittedly
committed and breached the FFA. Investors
have to fight their own way as they bought
the toxic products with their eyes opened.
1."yes" to protect the interest and reputation
of FIs, otherwise the chances of turning SG
into a financial center would be affected.
2."yes" to penalize the FIs to insignificantly
meaningless level and incur no monetary lost
to them.
3."yes" to turn to a deaf ear to all criticism
by calls of social justice. All govt officers
must adopt the same mindset and manner to
deal with the Lehman fiasco.
Where we can look for help now?

Anonymous said...

30% of IR revenue comes from casino. No problem, we have plans to look after gambling addict.

FOC (Full of Crap). It will be handle the way MAS (minibond Anti-Supporter) did i.e. high risk high return, you get addict, is your fault. Who ask you to go and gamble. We need Casino so that economy can grow and govt can continue DMDP (Draw Millions Deliver Peanuts)

Anonymous said...

"Our neighbors took the preventive measures to prevent the toxis products from entering. They save the people the nightmares.
They win the praise from the hearts of the people.

HK made a big mistake in allowing these products. Their situations were much worse than SG. (50k vs 10K, 5 times the problem). Yet they are able to solve the problem. They took the right steps to rectify the situation.
They now win the praises the world over. Poeple appreciate their actions from the bottommof their hearts.
They win the trusts and confident of both FIs & investors.

So the key is how u handle the problem. U can turn a "bad" situation into a "good" one if you are willing to.
If u are sincere in helping people, which in turn will help yourself."

In HK, 50,000 people affected, yet they can solve the problem satisfactory.
In SG, only 10,000 people affected, and with so many "talents" and scholars, and still cannot solve the problem properly?

Anonymous said...

Temasek says portfolio falls by $40 billion end-March '09

Wow, this type of result, in normal case, CEO, chairman and board sack very quickly. Somehow, this company is run differently. So is MAS.....

Goodbye Minibond....

Anonymous said...

I understand that FISCA is ready to receive membership applications. How does one join TODAY, without having to wait till 22-Aug?

Anonymous said...

It is amazing so long after Hong Kong government has annouced the compensation deal they managed to work out with the banks, our Government and MAS have not made a single comment. What is happening? They should at least say something. Just say yes, we are going to discuss with the bank to offer the same compensation or no we are not going to do anything, you are on your own. Don't they know that there is so much frustration among the people who have lost a huge part of their life savings. All of us are waiting, waiting, waiting.. for MAS to say something so that we can plan our next course of action. After the Today and Business Times editorial and the letter to the press, I am sure you must have read it. What is MAS and the government's position after this latest development in Hong Kong. Please, please say something, we know you are there.... Please don't keep quiet. That is the least you can do for Singaporean investors.

Anonymous said...

Wait and see strategy?

Like in investments, there is a time to go in, there is a time to come out and there is a time to do nothing.

Anonymous said...

I think the silience is to tell you they are not interested in the MB problem. Also that they cannot match HK success so why say anything. Same autocratic style i.e. MAS already say it's not their problem so end of story. Nothing more nothing less.

When want pay raise, show statistics and talk alot. When faced with a REAL problem, nothing to say....

Anonymous said...

Mr. Tan,
Is it possible for you to invite Kenneth Jeyaratnam to give his perspective to the investors during the August meeting? He is very talented and knowledgeable just like you.

Anonymous said...

gahmen is keeping quiet and letting time help sporean forget, then they will vote for them again next election. Not anymore, not my vote

Anonymous said...

Not mine either. Probably this is what the opposition has been talking about all these years....

Anonymous said...

The amount of loss is very large.
Many of u will have to suffer for the next 10, 20 years.
It is very difficult to forget!!

Anonymous said...

Silence? You did not hear what they say? You went in with eyes open. In other words, you die your business, nothing to do with them. What is there to say anyway when they are guaranteed 98% seats, maybe more in the next round.

If the majority of silliporeans dont wake up, but only know how to grumble about opposition not credible instead of supporting and strengthening them, then nothing is going to change.

Anonymous said...

I have always voted for the ruling party during good times and bad times. For once in my life I have make up my mine and will not make the same mistake. Same goes for everyone in my family.

Anonymous said...

Me too. Shame on MAS. Shame on Govt for turning a blind eyes when FIs did a conned jobs on MB investors. Then made investors go to mediation and let them faced the FI professionals to negotiate for compensation starting <0%. If beg harder, then give a little more. Beg harder, then a little more. What kind of MAS and Govt is this? Shame on them all..... Very hard to forget this kind of treatment on the baby boomers who voted for them and gave them pay raise several times. PM said on the last pay raise to measure cabinet performance in next election. My verdict: Take a pay cut and bench mark against salary agains President Barrack Obama. First class civil servant who put country and people first.

Anonymous said...

Yes, I fully support those who do not vote for same during the next election, I will get my friends and relative to pass the words, I am sure there will be a big lost even they try to bring up more GRC. Why support them when our common citizen is suffering and they are still get a big fat pay.
lost heart

Anonymous said...

Me too, I will vote against the PAP this time, they are too complacent...

Anonymous said...

I wonder what are the opinions of the rest of the MPs on this issue?

From meet-up sessions and email, they only express sympathy. Hey, what are you guys doing for us lately? A 58 retired ex-primary School teacher lost everything [6 figures) and now living hand to mouth with a diabetic mother to support. Numerous meetings with MP ended with "I am sorry but there is nothing much I can do." So this is what the govt call "caring nation", "compensionate", "Fair"? Don't under estimater the baby boomers, I am sure you will not get back your 66.6% and shame on you if you ask for pay raise again in 1-2 years time...

Anonymous said...

Our govt and MAS will not care anymore because Temasek also plans to sell MiniBond alike products to retail investors. When they sell to you, Temasek RMs will say: "Worst scenario is a standard clause in all non-capital guaranteed products. If you don't trust Temasek and S'pore Govt, who do you trust?"
After Temasek lost all your investments, govt leaders will say: "You sign it with your eyes open."
This is uniquely Singapore!

John

Anonymous said...

How about this for comparison. I heard on the news on TV yesterday that one transport company is being fined $500,000 for fixing their fares to Malaysia together with a group of other transport company. How much is the fare to Malaysia by bus? Few 10s of dollars. So the price was fixed, how much more did the passengers have to pay as a result, a percentage of few 10s of dollars. I am not saying that the company should not be fined less. The point is compare this with the amount of money that the banks have ripped off from their customers in this Minibond episode -millions of dollars lost. And MAS just ban the banks from selling structured. Ban versus $500,000 fine. Just do the comparison. Does it make sense??

Anonymous said...

I made up my mind too. They will not get my vote anymore. What a betrayal after all the previous support!

Anonymous said...

Now wherever I go and whoever I have a chance to speak I will share my frustrations and anger and tell the whole true about what kind of leadership we have. Lets wait and see. Let us all make history.

Anonymous said...

I never liked Chee Soon Juan honestly, although I agree he is a courageous man. However now i think he is the better of two evils. The incumbent has become so incorribgible and downright evil, that i think i'll log a negative wealth vote for the incumbent and a postive wealth vote for the Chee Soon Juan this time round.

Anonymous said...

Simple logic : Big eat small. Bus transport company easy to eat so punishment severe. For FIs, very difficult to eat. So don't eat, give warning then eat MB investors. So what MB investors do? Still wondering what hit them. After all these years of supporting them and now tell MB investors if not happy, sue la. Silience is not an option. We need answers.

Anonymous said...

"Temasek co-investment plan creat buzz"
What kind of crap propaganda is this. Lost US$40 billion portfolio, lost US$4 billion in BOA selloff. Now want to sell to public. Maybe Chip left because he does not want to be a sucker like us. Taking all the rap for the losses above and everything initiated needs grandmaster approval.

Anonymous said...

Everyday I have been sighing & my colleagues ask me to get over it. How to ? I have how many 10 years to save so much monies to get BOMB overnight? MAS is smart enough to refer all of us to FIdrec & close case ! They say case by case, Y need when we really get conned ? Any for those who put in more than $50K how to go FIdrec ?

Anonymous said...

IF GEL in Spore can do it, why can't other FIs, esp the FIs relating to the group.

Well Done, Mr Tan.

At last we see some light at the end of the tunnel.

Anonymous said...

Look at got a bit of hope now.

Should encourage more to sign.

Anonymous said...

I am a minibond victim and had been quiet so far. I have been grinding my teeth to get on with life, albeit the hardship ahead with the loss in savings. But I have certainly made up my mind that I will not vote this government again for the way it has handled the minibond case. Whoever the opposition I am ready to give them a try the next time round. The government has lost heart for its people, sadly it's now all about business and figures.

Anonymous said...

Well at least we know GEL's 100% compensation had nothing to do with MAS or PAP's political pressure. They cannot take credit for what a Great company has decided to do! We should still exercise our votes carefully so that the ruling party will not be so complacent in future.

Anonymous said...

Folks,
It is too early to talk about election & voting. When the time gets closer, many would have forgotten due to the various goodies being dished out. Also, due to the redrawn of election boundary, not many would have the chance to cast a vote too.
In the end, status quo.

Anonymous said...

GEL 100% buy back of its structured notes makes many FIs, especially govt linked FIs, feel
embarrassed and malu second time after the HK
model of compensation has been agreed upon by
FIs and investors.
I wonder whether MAS has received any directive from the top leaders that SG must stick to its own way to deal with the MB scandal-- that no liability should be held by FIs or MAS. It is up to individual investor to claim for his own on case to case bases.Most importantly, let FIs to compensate as low as they like according to their own investigation and judgment.`
That is why MAS can do nothing except appealing
to FIs to be more merciful even though they were
caught red handed by MAS in breaching the FAA.
SG is now far far below HK, Taiwan and even our
neighbors in terms of regulatory effectiveness
on financial products. WE can foresee that the financial hub dream by the govt leaders will become a fat hope.

Anonymous said...

Don't underestimate the present voting population. It is the baby boomers and the next net savy youngsters. If the insult burnt too deep, 2 yrs later, the scar will be my reminder. I am now a floater or independent voter. I will measure govt performance & what they done for us. At the moment, it is thumbs down or "Losers.

Reasons:

i)I am a degree and diploma holder with no job. All the crap about CDC helping finding jobs for PMET but I still have no job after numerous applications. Why? employers wants younger, cheaper, presumely healthier graduate.

No job means govt lousy. Sometime wonder why children study so hard when after they grow up, jobs belongs to foreigners. Try calling banks customer service lines, visit hospitals etc, all foreigners. Maybe ask Govt to allow foreigners to vote since they like them so much. Foreigners can approve ministers request for pay raise next time.

ii) Poor MB & HN & P investors. MAS not helping. Ask MP for help, redirect to MAS. Petition to MAS, got a message from chairman that "MAS is working very hard" End result, a report that Ban FIs for a product that became dead since Sept 17. Ask Minister Lim is this all he can do, the answer was "bank names has been tarnished" At >$2 million salary a year and you get "bank names has been tarnished". So MAS worked very hard to get a report out so that MAS is not at fault. Umno done the same thing by treating Malaysian the same way all this years, they got burnt real bad. Same can happen to Sgp if the Govt wrap up the MB and HN issues badly. The bad feeling is not the only 10,000, is many more. I hardly hear people talking bad about MB investors. Radio, newspapers are more supportive now. I guess all were shocked of the HK success in >60% compensation and siliently waking up to the reality that this Govt just not the same one we thought we have voted for.

Remember, if you are pay so much, we expect you to deliver. If not, let the opposition help manage your salary & performance.

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