Reserves not affected by loss: Ya Rite !

[sheryllim]

I am most flabbergasted by the sheer intellectual dishonesty of The Straits Times to pull a wool over our eyes in its desperate attempt to cover up for the PAP’s blunders.

The title of this “breaking news” published on 14 February 2009 in The Straits Times couldn’t be more misleading - “Reserves unaffected by losses“. Yeah right, why not add “is still growing” behind ? (Read the article here)

The opening sentence is a blatant attempt to mock at our intelligence:

“The questions came thick and fast, but Senior Minister of State for Finance Lim Hwee Hua responded assuringly.”

I don’t find the questions posed by the YP members of any substance and the response by Lim Hwee Hua are merely laughable pathetic non-answers which will make a primary school kid blush in embarrassment. Is this the kind of “talent” we have now in YPAP ?

Lim Hwee Hua tried to put up a stout defence of her boss by arguing Singapore’s reserves will not be depleted by losses incurred by Temasek and GIC. Even if there is only 1% of the reserves left, it is still not depleted. Must we wait till the day when we are bankrupted before Ms Lim face up to reality ?

Read rest of article here:

http://wayangparty.com/?p=5195

 

[batman1]

In the private sector,a loss is a loss,u are fired !!!!! Don't talk cock !!!

 

[Einfield]

Their credibility already bankrupted long time ago.

 

[sheryllim]

What if after 30 years, we are still in the red ? Continue waiting for another 30 years ?

In the private sector,a loss is a loss,u are fired !!!!! Don't talk cock !!!

 

[red amoeba]

it depends what they define as reserve...i think they meant money "locked away" - that portion is not affected. But for us laymen, reserves means all money involved in GIC & Temesek...as long as they are surpluses from previous budgets and their relevant interests and gains from previous investments.

 

[funglung]

Of course, they are right.

Those 400++ billions have been transfered to Temasick and GIC and no longer in whatever is left of the reserves.

THAT 400++ BILLIONS WERE YOUR MONEY, ROBBED AND BLED FROM SINKIES BY LKY AND HIS GANG OF SCUMS IN WHITE

THANK YOU FOR YOUR BALL-LESS VOTING AND VOTING THAT BASTARD LKY INTO POWER AGAIN AND AGAIN

SO HE COULD CONTINUE TO FUCK AND FUCK YOU ALL

EVEN IF TEMASICK AND GIC LOSE EVERY FUCKING BILLION, THAT WILL NOT HAVE ANY EFFECT ON RESERVES

WHAT IS LEFT OF THE RESERVES, YOU CAN THINK FOR YOURSELF

BUT CAN YOU?

AFTER ALL, YOU CANNOT EVEN THINK CLEARLY ENOUGH TO HAVE VOTED THAT BASTARD LKY OUT LONG LONG TIME AGO

 

[DerekLeung]

If you never ask why there aren't any other newspaper around !

You are missing the point since ST are the only ones around !

You too smart for ST newspaper stop reading it !