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Town councils bought Lehman's products

sinren67

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Just vote them out, no question ask. If these town councils ask to raise Conservancy Charges, ask them to suck your cock before fuck off.

No wonder PAP MPs don't turn up at Hong Lim Park.

http://www.parliament.gov.sg/AboutUs/Org-MP-Cons.htm

Pasir Ris-Punggol GRC
DR AHMAD MOHD MAGAD
MR CHARLES CHONG
MISS PENNY LOW
MR TEO CHEE HEAN
MR MICHAEL PALMER
MR TEO SER LUCK

Holland-Bukit Panjang town council? I can't find this GRC. Or Holland-Bukit Timah GRC?

Holland-Bukit Timah GRC
MR LIM SWEE SAY
DR VIVIAN BALAKRISHNAN
MRS YU-FOO YEE SHOON
MR CHRISTOPHER DE SOUZA
MR LIANG ENG HWA

Bukit Panjang
DR TEO HO PIN

Aljunied GRC
MRS LIM HWEE HUA
MDM CYNTHIA PHUA
MR YEO GUAT KWANG
MR YEO YONG-BOON, GEORGE
MR ZAINUL ABIDIN RASHEED

Hong Kah GRC
MR ANG MONG SENG
DR AMY KHOR LEAN SUAN
MR YEO CHEOW TONG
MR YEO KHIRN HAI, ALVIN
MR ZAQY B MOHAMAD

.
.


http://www.channelnewsasia.com/stories/singaporelocalnews/view/390407/1/.html

2 town councils invested S$12m in Lehman-related structured products
By Dominique Loh, Channel NewsAsia | Posted: 17 November 2008 1646 hrs

SINGAPORE: Two out of 14 PAP-run town councils in Singapore have invested in Lehman-linked structured products.

Holland-Bukit Panjang and Pasir Ris-Punggol town councils have invested a total of S$12 million in DBS High Notes, Lehman Brothers' Minibond Notes and Merrill Lynch's Jubilee Series 3.

That's about 0.6 per cent of the total funds available for investments.

Senior Minister of State for National Development and Education Grace Fu gave this update in Parliament on Monday.

Town councils can invest up to 35 per cent of their sinking funds in corporate bonds and equities.

Based on the financial statements submitted to the National Development Ministry for 2007, Holland-Bukit Panjang Town Council invested about S$8 million or 6.7 per cent of its available funds while Pasir Ris-Punggol Town Council invested some 2.6 per cent totalling S$4 million.

Other town councils such as Aljunied, Ang Mo Kio-Yio Chu Kang, Hong Kah, Marine Parade, Tampines and Tanjong Pagar also have exposure to Lehman Brothers.

The fund managers appointed by these town councils invested S$4 million in Lehman Brothers through their investment portfolio.

These account for less than one per cent of each town council's funds available for investments. - CNA/vm
 
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what is going to happen now? i say damned jialat...but how jialat and who is jialat...damned sick liaolah!
 
2 town councils invested S$12m in Lehman-related structured products
By Dominique Loh, Channel NewsAsia | Posted: 17 November 2008 1646 hrs

Holland-Bukit Panjang and Pasir Ris-Punggol town councils have invested a total of S$12 million in DBS High Notes, Lehman Brothers' Minibond Notes and Merrill Lynch's Jubilee Series 3.

Other town councils such as Aljunied, Ang Mo Kio-Yio Chu Kang, Hong Kah, Marine Parade, Tampines and Tanjong Pagar also have exposure to Lehman Brothers.

The fund managers appointed by these town councils invested S$4 million in Lehman Brothers through their investment portfolio.
- CNA/vm

Loss S$16m N the satanic PAP think it's small change !!!! Burn in Hell the whole lot of mother-focking Beast in White !!!!
 
No wonder PAP MPs don't turn up at Hong Lim Park.

Bukit Panjang
DR TEO HO PIN


Your good friend voted for him and said he's a good MP. No wonder your good friend didn't turned up at Hong Lim Park too. :D
 
Loss S$16m N the satanic PAP think it's small change !!!! Burn in Hell the whole lot of mother-focking Beast in White !!!!

in sg context, it is peanut. and the mighty one will say that you have no sense of proportion.
 
Your good friend voted for him and said he's a good MP. No wonder your good friend didn't turned up at Hong Lim Park too. :D

I hope my good friend now knows that "good MP" doesn't mean "responsible MP". :rolleyes:
 
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