why deposit interest so low???

[samurai1110]

Singapore's handpicked elite received their education at the Ivy League colleges and universities of the United States. They have absolute faith in the market capitalism espoused by the Wall Street Washington nexus.

Even Singapore's banking and finance sector looks toward the American international banks and financial institutions practices as benchmarks. The Gods of Wall Street can do no wrong.

DBS collaboration with Lehman to market the Minibonds is one such shining example.

The same blind faith in the soundness of the American financial system lead Temasek and GIC to invest in Citibank and Merrill Lynch.

The two SWFs were played out by the American banks. I am very sure the board of directors of both American banks had foreknowledge that the off the books losses were much high than what was declared in January of 2008.

In a nut shell u have said it!
Maybe u sh be in the MOF instead of those 'parrots' there?:(

 

[singveld]

they seen the upside of US type economic model, but they are going to feel the downside of US economic model soon.
We all will.

 

[samurai1110]

they seen the upside of US type economic model, but they are going to feel the downside of US economic model soon.
We all will.

What u said is oso relevant & may certainly apply to the US political model as well.

 

[theDoors]

they seen the upside of US type economic model, but they are going to feel the downside of US economic model soon.
We all will.

Free market capitalism trumpeted by the US intelligentsia is a myth.

Seldom mentioned is the invisible "iron fist" behind the scene to guide the emerging markets in the right direction.

CIA covert operations to overthrow governments that implement policies that redistribute wealth.

Read John Perkins 's book: "Confessions of an economic hit man"

 

[Einfield]

Free market capitalism trumpeted by the US intelligentsia is a myth.

Seldom mentioned is the invisible "iron fist" behind the scene to guide the emerging markets in the right direction.

CIA covert operations to overthrow governments that implement policies that redistribute wealth.

Read John Perkins 's book: "Confessions of an economic hit man"

To Uncle Sam, Redistribute Wealth is equate to communism and they will unleash CIA covert ops to
topple or assassinate anyone, even a country's leader, in order to preserve the "Free World"

All evil doings are justified as long as it is for preserving the American way of life and national security.