Dear Mr. Tan,
Our hopes are dashed by the most recent announcement on the minibond issue. I guess most of the investors are devastated now.
Unfortunately, there is no way out now except for the class action. I believe that is the most effective and most direct way in approaching this issue. We consumers need to know the truth, whatever the outcome is. Please lead us into this!
RZ
REPLY
Please read my blog about the progress of the class action. It will take some time to get organised. I expect to give a recommendation towards end January on the course of action to take.
http://tankinlian.blogspot.com/2008/12/legal-action-against-issuers-and.html
Wednesday, December 3, 2008
Tuesday, December 2, 2008
Speaker's Corner 6 December, 5 - 7 pm
Speakers' Corner: 6 December, 5-7 pm.
Social Justice and Fairness
First World Country in the 21st Century
How are our poor faring?
Speeches:
Tan Kin Lian
1. Our society should be more egalitarian
2, Elected leaders should represent the people
Leong Sze Hian:
1. HDB – how the poor are faring and affected by HDB policies
Ravi Philemon
1. Distributive justice; especially about how our education system does not equip people to be self-reliant, but to be workers.
Others:
1. Tan Kin Lian – Update on investors' situation (if any)
2. Andrew Loh – Update on town councils' replies to residents' query
Social Justice and Fairness
First World Country in the 21st Century
How are our poor faring?
Speeches:
Tan Kin Lian
1. Our society should be more egalitarian
2, Elected leaders should represent the people
Leong Sze Hian:
1. HDB – how the poor are faring and affected by HDB policies
Ravi Philemon
1. Distributive justice; especially about how our education system does not equip people to be self-reliant, but to be workers.
Others:
1. Tan Kin Lian – Update on investors' situation (if any)
2. Andrew Loh – Update on town councils' replies to residents' query
Washing dirty linen in public
"The convention which framed the Constitution of the United States was composed of fifty-five members. A majority were lawyers not one farmer, mechanic or laborer. Forty owned Revolutionary Scrip. Fourteen were land speculators. Twenty-four were money-lenders. Eleven were merchants. Fifteen were slave-holders. They made a Constitution to protect the rights of property and not the rights of man": Senator Richard Pettigrew - Triumphant Plutocracy (1922)
Contributed by Ho Cheow Seng
Contributed by Ho Cheow Seng
Why we need to educate the people
"Enlighten the people generally, and tyranny and oppressions of body and mind will vanish like the evil spirits at the dawn of day." -- Thomas Jefferson, letter to Pierre S. du Pont de Nemours, 24 April 1816
Contributed by Ho Cheow Seng
Contributed by Ho Cheow Seng
Monday, December 1, 2008
David Marshall in 1994
Dear Mr. Tan,
Please post this story. Thanks.
tkh
DAVID MARSHALL SAID IN 1994
I've got nothing against money. I'd like to have money myself! I'd like to have a house and a garden and dogs and a car and a chauffeur but, look, I've got a flat. I've got a swimming pool attached to the flat. I've not even got a car but I use taxis. I have a dignified way of life without being wealthy.
I don't see the necessity of owning a Mercedes-Benz and a swimming pool and a couple of mistresses. I think we've got our values all wrong.
You know $96,000 a month for a Prime Minister and $60,000 a month for a minister. What the hell do you do with all that money? You can't eat it! What do you do with it? Your children don't need all that money.
My children have had the best of education. In fact, I'm very proud of them. One of them is a senior registrar to two major hospitals in Oxford. Another of them is a consultant in European law to the Securities and Investment Board in the United Kingdom. They've had their education. There are no complaints.
I never earned $60,000 a month or $90,000 a month. When I was Chief Minister, I earned $8,000 a month. Look, what is happening today is we are encouraged to and are becoming worshippers of the Golden Calf.
We have lost sight of the joy and excitement of public service, helping our fellow men. The joy and excitement of seeking and understanding of the joy of the miracle of the living the duty and the grandeur. We have lost taste for heroic action in the service of our people.
We have become good bourgeois seeking comfort, security. It's like seeking a crystal coffin and being fed by intravenous injections through pipes in the crystal coffin; crystal coffins stuck with certificates of your pragmatic abilities.
Please post this story. Thanks.
tkh
DAVID MARSHALL SAID IN 1994
I've got nothing against money. I'd like to have money myself! I'd like to have a house and a garden and dogs and a car and a chauffeur but, look, I've got a flat. I've got a swimming pool attached to the flat. I've not even got a car but I use taxis. I have a dignified way of life without being wealthy.
I don't see the necessity of owning a Mercedes-Benz and a swimming pool and a couple of mistresses. I think we've got our values all wrong.
You know $96,000 a month for a Prime Minister and $60,000 a month for a minister. What the hell do you do with all that money? You can't eat it! What do you do with it? Your children don't need all that money.
My children have had the best of education. In fact, I'm very proud of them. One of them is a senior registrar to two major hospitals in Oxford. Another of them is a consultant in European law to the Securities and Investment Board in the United Kingdom. They've had their education. There are no complaints.
I never earned $60,000 a month or $90,000 a month. When I was Chief Minister, I earned $8,000 a month. Look, what is happening today is we are encouraged to and are becoming worshippers of the Golden Calf.
We have lost sight of the joy and excitement of public service, helping our fellow men. The joy and excitement of seeking and understanding of the joy of the miracle of the living the duty and the grandeur. We have lost taste for heroic action in the service of our people.
We have become good bourgeois seeking comfort, security. It's like seeking a crystal coffin and being fed by intravenous injections through pipes in the crystal coffin; crystal coffins stuck with certificates of your pragmatic abilities.
Suffering from depression and mental illness
Mr. Tan.
First of all, I would like to thank you for helping all the helpless victims to voice up. Till now, no MPs have really initiated to try to help. I believe majority of the MPs also knew that this is a clear cut misled case but dare not bring up in the Parliament because they afraid that their rice bowl may get broken.
“Yes” man is “Safe” man. Do we want to have such leaders? I was at the Speakers corner yesterday. I spoke to some of the victims who had seen their MPs. They told me that they were again lectured by their MPs “you went in with your eyes open”.
My dear MPs and Minister, you are leaders with high profile. Please go through the brochure and prospectus and honestly tell the public whether you understand such complicated product with hidden toxic ingredients for every item. Oh! Sorry, maybe, you don’t have to read it since you are rich enough to get your lawyer to go through for you.
Please also do a survey. Get the graduates who have never invested to look at the brochure and prospectus whether they understand every single item. I suggest that our government should also get the RC members to go through and get them to feedback whether if they understand.
All the while, I have full faith in our Singapore government. Just like the China milk products case where it contains melamine that killed many lives, immediate action was taken. However, for such case, our government may think that immediate action is not required because it will not cause live and death and can take their time to resolve the issue. They have oversight the consequences and seriousness.
Many Singaporeans were already suffering from depression and mental illnesses due to sleepless night as all their life (coffin) saving is already gone. Mind them, waiting to die is worse then immediate death.
Even the financial experts already said the products are too complicated and it should not be sold. The toxins are all hidden in the ingredients. I believe MAS should also agree with it now. To my conclusion, I believe MAS is also under pressure and have not guts to admit their overlooking and allowing of such complicated toxic product to be sold in by the FIs in Singapore.
T
First of all, I would like to thank you for helping all the helpless victims to voice up. Till now, no MPs have really initiated to try to help. I believe majority of the MPs also knew that this is a clear cut misled case but dare not bring up in the Parliament because they afraid that their rice bowl may get broken.
“Yes” man is “Safe” man. Do we want to have such leaders? I was at the Speakers corner yesterday. I spoke to some of the victims who had seen their MPs. They told me that they were again lectured by their MPs “you went in with your eyes open”.
My dear MPs and Minister, you are leaders with high profile. Please go through the brochure and prospectus and honestly tell the public whether you understand such complicated product with hidden toxic ingredients for every item. Oh! Sorry, maybe, you don’t have to read it since you are rich enough to get your lawyer to go through for you.
Please also do a survey. Get the graduates who have never invested to look at the brochure and prospectus whether they understand every single item. I suggest that our government should also get the RC members to go through and get them to feedback whether if they understand.
All the while, I have full faith in our Singapore government. Just like the China milk products case where it contains melamine that killed many lives, immediate action was taken. However, for such case, our government may think that immediate action is not required because it will not cause live and death and can take their time to resolve the issue. They have oversight the consequences and seriousness.
Many Singaporeans were already suffering from depression and mental illnesses due to sleepless night as all their life (coffin) saving is already gone. Mind them, waiting to die is worse then immediate death.
Even the financial experts already said the products are too complicated and it should not be sold. The toxins are all hidden in the ingredients. I believe MAS should also agree with it now. To my conclusion, I believe MAS is also under pressure and have not guts to admit their overlooking and allowing of such complicated toxic product to be sold in by the FIs in Singapore.
T
Subscribe to:
Posts (Atom)