- Joined
- Jan 5, 2010
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MAS Chief Ravi Menon, ownself awards ownself the outstanding service award.
"We do not think the market is overheated right now because if it's overheated we've not done our job well. The approach of the government is to prevent the market from over heating."
Ravi Menon, MD, Moneytary Authority of Singapore.
https://www.straitstimes.com/busine...d-but-authorities-watching-prices-closely-mas
The circular statement he is deploying is that the reason why property cannot be overheating is because his own department cannot possibly be doing a bad job.
Won't be surprised if next press conference, he will announce that since he is beyond reproach, so he is increasing his own salary increment and bonus as well.
“Power tends to corrupt, and absolute power corrupts absolutely.”
— Lord Acton
"We do not think the market is overheated right now because if it's overheated we've not done our job well. The approach of the government is to prevent the market from over heating."
Ravi Menon, MD, Moneytary Authority of Singapore.
https://www.straitstimes.com/busine...d-but-authorities-watching-prices-closely-mas
The circular statement he is deploying is that the reason why property cannot be overheating is because his own department cannot possibly be doing a bad job.
Won't be surprised if next press conference, he will announce that since he is beyond reproach, so he is increasing his own salary increment and bonus as well.
“Power tends to corrupt, and absolute power corrupts absolutely.”
— Lord Acton
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