WP, how much interest fees will you profit from the Aljunied late-payers ?
...........
A huge windfall awaits WP and their FMeSS cronies (WP 朋党们的大丰收) :
http://www.ahpetc.sg/scc/
Just based on Mar'13 figure, 30% of Aljunied familes have delayed their S&CC payment for more than 3 months, or about 16,000 families. This is huge ! Loansharks all over the world will be envious of WP for accumulating such an enormous database of arrear addicts.
Currently, the Aljunied S&CC is as follow:
1-rm..........$19
2-rm..........$28
3-rm..........$43
4-rm..........$56
5-rm..........$69
Exec...........$90
So the interest fees charged on the gullible Aljunied late-payers is roughly 10% per month or about 120% per annum !
If the average interest fees charged on each family is $3 per month, then WP could easily profit about $48,000 every month from the 16,000 cash-strapped families, or about $600,000 a year, just on the interest alone ! This could easily wipe out all the deficit WP is incurring now and put them into the black.
Sucking the blood out of the over 16,000 cash-strapped families at an loanshark interest rate of 120% will allow WP and their FMeSS cronies to enjoy another year of big fat bonus. A very tidy sum of profit, considering that their FMeSS cronies are paid the highest management fees and was handed over the management contract without any competitive tender.
It is no surprise that WP MPs and their members are always seen enjoying themselves in overseas vacations when one visit their facebook, with all the 民脂民膏........
"吃喝玩乐，烟酒嫖赌，我们一起 cheong !" - the Hammerrhoids.
But is it moral and compassionate for WP to levy so much interest on so many cash-strapped families in Aljunied ?
These cash-strapped families, which made up one third of Aljunied residents, are already living in extreme poverty, with nobody speaking up for them in parliament. Many of them are probably being harassed by illegal loansharks, although adding another legal WP loanshark may not make much of a difference.
Most of these cash-strapped families are also unaware that they have to pay any interest for the arrears, as they are probably duped by the Hammerrhoids of the short-term benefit and made to think that everything is free by WP... just like how those drug barons hook their new addicts and transform them into long-time, loyal and lucrative customers.
So should WP show some compassion to these cash-strapped families and cancel their interest fee, and to mercifully, generously forgo some of their holiday vacations?
But if WP were to write off the interest fees, then it would be very unfair, very unjust, very unkind and very cruel to the 70% Aljunied suckers who have been paying their full bills on time. All the interest incurred by the Aljunied town council due to the negative cash-flow are currently born by these hapless suckers. So writing off the interest is as good as taking the money from these suckers and give it directly to the late-payers.
Showing compassion is very noble. But taking money from the suckers without asking for their permission and give it directly to the late-payers is simly too crude, too rude, too selfish and too despicable.
So, if WP is going to write off the interest fees, then they must annouce to all the Aljunied suckers, and let them know the full amount being waived and whether they accept it. Waiving the interest fees for a mere 3-5% of Aljunied families may be peanuts and acceptable, but writing off for 30% of Aljunied family for over 3 mth is simply too much and too ridiculous !
So, WP, show some Transparency and Accountability, maybe just for once in your life !
Moreover, if a rule or a regulation can be so easily broken, then what are rules for ? If one regulation of the town council can be so easily broken, then all the rules can also be easily twisted, and nobody will follow any of the nonsense stated in the Town Council rules.
So, WP, the $600,000 per year blood-stained interest fees from the cash-strapped families, to take or not to take ? You should have thought carefully the consequences when you allow so many families to otang for so long without warning them the penalties.
"Due to the huge number of arrear families and enormous interest they have incurred, we demand to know the amount of interest fees being collected and being waived by WP." - Aljunied suckers.
WP = Transparency and Accountability ? Sure or not ?
........
...........
A huge windfall awaits WP and their FMeSS cronies (WP 朋党们的大丰收) :
http://www.ahpetc.sg/scc/
Just based on Mar'13 figure, 30% of Aljunied familes have delayed their S&CC payment for more than 3 months, or about 16,000 families. This is huge ! Loansharks all over the world will be envious of WP for accumulating such an enormous database of arrear addicts.
Currently, the Aljunied S&CC is as follow:
1-rm..........$19
2-rm..........$28
3-rm..........$43
4-rm..........$56
5-rm..........$69
Exec...........$90
So the interest fees charged on the gullible Aljunied late-payers is roughly 10% per month or about 120% per annum !
If the average interest fees charged on each family is $3 per month, then WP could easily profit about $48,000 every month from the 16,000 cash-strapped families, or about $600,000 a year, just on the interest alone ! This could easily wipe out all the deficit WP is incurring now and put them into the black.
Sucking the blood out of the over 16,000 cash-strapped families at an loanshark interest rate of 120% will allow WP and their FMeSS cronies to enjoy another year of big fat bonus. A very tidy sum of profit, considering that their FMeSS cronies are paid the highest management fees and was handed over the management contract without any competitive tender.
It is no surprise that WP MPs and their members are always seen enjoying themselves in overseas vacations when one visit their facebook, with all the 民脂民膏........
"吃喝玩乐，烟酒嫖赌，我们一起 cheong !" - the Hammerrhoids.
But is it moral and compassionate for WP to levy so much interest on so many cash-strapped families in Aljunied ?
These cash-strapped families, which made up one third of Aljunied residents, are already living in extreme poverty, with nobody speaking up for them in parliament. Many of them are probably being harassed by illegal loansharks, although adding another legal WP loanshark may not make much of a difference.
Most of these cash-strapped families are also unaware that they have to pay any interest for the arrears, as they are probably duped by the Hammerrhoids of the short-term benefit and made to think that everything is free by WP... just like how those drug barons hook their new addicts and transform them into long-time, loyal and lucrative customers.
So should WP show some compassion to these cash-strapped families and cancel their interest fee, and to mercifully, generously forgo some of their holiday vacations?
But if WP were to write off the interest fees, then it would be very unfair, very unjust, very unkind and very cruel to the 70% Aljunied suckers who have been paying their full bills on time. All the interest incurred by the Aljunied town council due to the negative cash-flow are currently born by these hapless suckers. So writing off the interest is as good as taking the money from these suckers and give it directly to the late-payers.
Showing compassion is very noble. But taking money from the suckers without asking for their permission and give it directly to the late-payers is simly too crude, too rude, too selfish and too despicable.
So, if WP is going to write off the interest fees, then they must annouce to all the Aljunied suckers, and let them know the full amount being waived and whether they accept it. Waiving the interest fees for a mere 3-5% of Aljunied families may be peanuts and acceptable, but writing off for 30% of Aljunied family for over 3 mth is simply too much and too ridiculous !
So, WP, show some Transparency and Accountability, maybe just for once in your life !
Moreover, if a rule or a regulation can be so easily broken, then what are rules for ? If one regulation of the town council can be so easily broken, then all the rules can also be easily twisted, and nobody will follow any of the nonsense stated in the Town Council rules.
So, WP, the $600,000 per year blood-stained interest fees from the cash-strapped families, to take or not to take ? You should have thought carefully the consequences when you allow so many families to otang for so long without warning them the penalties.
"Due to the huge number of arrear families and enormous interest they have incurred, we demand to know the amount of interest fees being collected and being waived by WP." - Aljunied suckers.
WP = Transparency and Accountability ? Sure or not ?
........
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