Greedy peasants die their business - MAS

[mscitw]

MAS is truly another 'jia leow bee' organization staffed by fat cat minions and lackeys.

It has cleverly issued 'not our problem' press releases and attempts to hoodwink peasants by claiming they will look into their chums' misrepresentations.

The only strong words used so far are 'top priority' to hapless victims of 'junk bonds'.

Meaning cry all you want but the $$$$$ is gone.

Similar to the 'Meet the Peasants' scenes during the last recessions, where lackeys shed crocodile tears but exhort peasants to pay their bills, endure more price hikes and pay cuts.

However MAS is outdone by EMA, the best 'Jia Leow Bee' organization that periodically allows utilities to increase electricity tariffs despite oil prices hovering just above US70.

Not to be outdone, the LTA is certainly increasing its 'Jia Liao Bee' Index, gleefully allowing their chums to collect a 30cts surcharge despite fuel price declines.

In the culture of greed, these 'public service' organizations have failed peasants when they rubber stamp policies designed to increase profits of their chums.

Truly shameless and woe woe woe to Peasantpore.

 

[R4g3]

do you think they will admit that it is their mistake to approve the selling of high risk and complicated products to commoner in the 1st place?

They will not admit it and they will not admit that the banks are also at fault.
All have the same final boss.

 

[lifeafter41]

It is the standard reply from the so called super efficient agencies. Don't expect them to do anything else except to mutter those empty phrases. They may seem like to help but when it comes to money don't expect a cent out of them.

Such is the reality in Singapore, you die your own business.

 

[DIVISION1]

If the Singapore government were truly irresponsible mini-bonds would be sold at even larger amounts. The problems of Lehman brothers are no where those of the USA or EU.

 

[soikee]

MAS is truly another 'jia leow bee' organization staffed by fat cat minions and lackeys.

It has cleverly issued 'not our problem' press releases and attempts to hoodwink peasants by claiming they will look into their chums' misrepresentations.

The only strong words used so far are 'top priority' to hapless victims of 'junk bonds'.

Meaning cry all you want but the $$$$$ is gone.

Similar to the 'Meet the Peasants' scenes during the last recessions, where lackeys shed crocodile tears but exhort peasants to pay their bills, endure more price hikes and pay cuts.

However MAS is outdone by EMA, the best 'Jia Leow Bee' organization that periodically allows utilities to increase electricity tariffs despite oil prices hovering just above US70.

Not to be outdone, the LTA is certainly increasing its 'Jia Liao Bee' Index, gleefully allowing their chums to collect a 30cts surcharge despite fuel price declines.

In the culture of greed, these 'public service' organizations have failed peasants when they rubber stamp policies designed to increase profits of their chums.

Truly shameless and woe woe woe to Peasantpore.

All these peasants deserve to loose their savings. Why don't they be like me, when bank officers called me to buy those mini bonds and junk bonds paying 6-7% interest, I flatly told them "not interested!"

 

[Zombie]

do you think they will admit that it is their mistake to approve the selling of high risk and complicated products to commoner in the 1st place?

MAS did not approve. TKL had misled many people. He was an insurance man, maybe he thought this one is like ILP.

Read the first page.
http://www.lioninvestor.com/code/uploads/minibond-series-2-pricing-statement.pdf
http://www.lioninvestor.com/code/uploads/minibond-limited-base-prospectus.pdf

Registering the product, is not the same as approving the product.