Read full article here:
http://wayangparty.com/2008/12/08/caveat-emptor-an-easy-way-out-for-mas-and-the-fis/
I refer to the letter “Caveat emptor: Good organizations need not hide behind it” by Mr Wong Yew Hon which was published in the Straits Times Forum today.
Either Mr Wong has been truly misled by the state media or he is deliberately distorting the truth in order to cover up for the gross inadequacies of the government and MAS over their handling of the minibond fiasco.
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Mr Wong next lavish praise on the government’s “compassion” which was severely lacking to begin with:
“If not for the compassion shown by the Government and its moral gumption to nudge commercial organisations to take more responsibility for their customers’ plight, the level of openness and transparency shown by some financial institutions to resolve issues of mis-selling would be painfully absent.”
If Mr Wong has been keeping himself abreast of the developments, even from the state media, he would have realized that the government has beem most unsympathetic, insensitive and callous towards the plight of the investors, invoking the principle of “caveat emptor” to dismiss their claims.
Let me refresh Mr Wong’s memory with the following quotes from three senior leaders in the Cabinet:
http://wayangparty.com/2008/12/08/caveat-emptor-an-easy-way-out-for-mas-and-the-fis/
I refer to the letter “Caveat emptor: Good organizations need not hide behind it” by Mr Wong Yew Hon which was published in the Straits Times Forum today.
Either Mr Wong has been truly misled by the state media or he is deliberately distorting the truth in order to cover up for the gross inadequacies of the government and MAS over their handling of the minibond fiasco.
XXX
Mr Wong next lavish praise on the government’s “compassion” which was severely lacking to begin with:
“If not for the compassion shown by the Government and its moral gumption to nudge commercial organisations to take more responsibility for their customers’ plight, the level of openness and transparency shown by some financial institutions to resolve issues of mis-selling would be painfully absent.”
If Mr Wong has been keeping himself abreast of the developments, even from the state media, he would have realized that the government has beem most unsympathetic, insensitive and callous towards the plight of the investors, invoking the principle of “caveat emptor” to dismiss their claims.
Let me refresh Mr Wong’s memory with the following quotes from three senior leaders in the Cabinet:
