How do we actually define “politicizing” ?
In the context of the minibond fiasco, it probably mean making use of it to promote a political personage or cause without truly having the real interests of the investors at heart.
Since Mr Tan Kin Lian started organizing the minibond rallies at Hong Lim Park to speak on behalf of the investors to MAS and the financial institutions, his motives were questioned by various quarters, from his friends, ex-colleagues, the media and the investors themselves if he is doing so because he harbors any ambition of running for a political office in the future such as the Presidency.
Mr Tan had made his clarfications known on his blog here :
“I am already 60 years old and have more than enought savings to take care of my future needs and my family. I do not need to have “political ambitions” for my personal benefit.
I will continue my efforts until the mis-selling of the structured products is resolved satisfactorily.”
Mr Tan Kin Lian has offered his kind assistance to the investors willingly purely out of compassion for the many vulnerable investors who lost their entire life-savings from the purchase of the structure-linked products. Without him to organize and advise them, they will have to resign to their fates and accept whatever settlements the FIs give them which probably means zero compensation.
Read full article here:
http://wayangparty.com/2008/11/17/why-the-minibond-fiasco-was-never-politicized-by-any-parties/
In the context of the minibond fiasco, it probably mean making use of it to promote a political personage or cause without truly having the real interests of the investors at heart.
Since Mr Tan Kin Lian started organizing the minibond rallies at Hong Lim Park to speak on behalf of the investors to MAS and the financial institutions, his motives were questioned by various quarters, from his friends, ex-colleagues, the media and the investors themselves if he is doing so because he harbors any ambition of running for a political office in the future such as the Presidency.
Mr Tan had made his clarfications known on his blog here :
“I am already 60 years old and have more than enought savings to take care of my future needs and my family. I do not need to have “political ambitions” for my personal benefit.
I will continue my efforts until the mis-selling of the structured products is resolved satisfactorily.”
Mr Tan Kin Lian has offered his kind assistance to the investors willingly purely out of compassion for the many vulnerable investors who lost their entire life-savings from the purchase of the structure-linked products. Without him to organize and advise them, they will have to resign to their fates and accept whatever settlements the FIs give them which probably means zero compensation.
Read full article here:
http://wayangparty.com/2008/11/17/why-the-minibond-fiasco-was-never-politicized-by-any-parties/