WOTC - Losses suffered by Hyflux retail investors

I asked this question in the Wisdom of the Crowd:

Who is responsible for the huge loss suffered by Hyflux retail investors

Here are the responses: (30 Votes)

53 % - The management and the board of Hyflux
37 % - The Energy Market Authority for allowing the massive over capacity in power generation.
10 % - The Public Utilities Board for their delay in taking over the Tuaspring plant.
0 % - The retail investors should take the blame for their careless investment.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1226