Friday, December 05, 2008
"Misleading advertising violates legislation on trade practices. The question is whether the people, when they bought these products, if they were properly informed about the possible risks. There was talk of capital guarantee- 100% and it then it turned out that 1) it was a product that was not from the same bank they bought it from; and 2) afterwards it also turned out to be a bank that was vulnerable to problems..." - Minister Van Quixkznborne of Belgium.
The protestors were received by Economic Minister Quizkznborne.
Point 1 : Singapore investors are not unreasonable to ask for compensation like investors every where else.
Point 2: Unlike Singapore ministers who are too busy to even talk to Singaporean victims, the Belgium minister received the protestors and spoke to them to see how he could help. Now you know why Singapore ministers are so highly paid. They are so busy they don't have time to handle small matters such as the loss of lifesavings of 10,000 Singaporeans. Not only are our ministers busy, our top public servants in MAS are also very busy.....too busy to talk to ordinary Singaporeans. The leaders of other countries are incapable of saying these things to their citizens - "you go in with your eyes open", "case closed", "it is all in the prospectus"....which makes our leaders unique....
Posting Time 2:32 PM
Posted by Lucky Tan