Wednesday, May 4, 2011

Chairman MAS reply on the 4 petitions

Let us go back more than 2 years. 4 petitions on the mini-bonds and toxic products were given to MAS. They refused to meet representatives of the petitioners. This is SM Goh's reply on why MAS could not meet any group of investors. He said "market sensitive information".

What market sensitive information? Is this the reason to refuse to meet people who have been victims of mis-selling? Why so aloof and stay in ivory tower? Actually, there is no market sensitive information-it is just a lame excuse.