Monday, September 28, 2015

The government should do its duty

Chng Kim Hai (who was commenting on the mis-selling of life insurance policies in the banks) said:
So sad to see this happening in Singapore. So unfair to allow insurance companies do take advantage of our people and we are all helpless. Only our Government can do something to help the people of Singapore.
The Government is neglecting its duty. It is allowing the banks and insurance companies to rip off the poor consumers. The amount of savings that is lost through these bad products run in the hundreds of million dollars each year (this is just my wild guess).
The Government is not a hero when they step in to help the people. It is their duty in the first place. That is what they are paid to do.

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