Before the crisis Wall Street, financial hotshots, bankers all made super remunerations n perks - junk bonds n derivatives all dumped to the men in the street.................. fast foreward meltdown came and the poor laymen end up paying for the mistakes of the highly paid bastards!
Does it not resemble the highly paid PAP and the big mistakes made and going to be made? Guess who will end up paying for the mistakes???? Already we are seeing that the non-elites are getting poorer while the elites are getting much much richer with same or little efforts. In fact they are expection annual remuneration of 10 million bucks each minister without caring if the rest are recording real wage increases; whether or not our CPF money are being eroded by inflation.
Why are they afraid of pegging their pay to 15 (NSP was too generous) times median?
Whose money did GIC n Temasek lost during the crisis?
Does it not resemble the highly paid PAP and the big mistakes made and going to be made? Guess who will end up paying for the mistakes???? Already we are seeing that the non-elites are getting poorer while the elites are getting much much richer with same or little efforts. In fact they are expection annual remuneration of 10 million bucks each minister without caring if the rest are recording real wage increases; whether or not our CPF money are being eroded by inflation.
Why are they afraid of pegging their pay to 15 (NSP was too generous) times median?
Whose money did GIC n Temasek lost during the crisis?
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