Before you start to choose the president, do consider carefully
what TKL has done.
1. Before even a commission of inquiry into the supposedly
'mis-selling' had investigate and came out with any result, he led
people into a demostration.
2. He accused bank and staff of 'mis-selling', even without any
proof, or misled others into 'presuming' that such
accusations were true, thereby pre-judging and denying the bank and its staff, whom are
citizens too, of a fair trial.
3. Singapore is a lawful society, and our biz growth is
dependent on the honouring of a signed contract by individuals.
To have repudiate such signed agreements, based on emotions,
allegations, and prejudical notions is to render the biz
system asunder, that which the larger society us is dependent
on.
It would mean nothing is firm or secure - what we sign on the
dotted line can be revoked anytime. This is what he meant when he
took to the streets.
4. He claims to represent the 500 or so who had signed on the
dotted line, and made accusations. But he certainly did not
represent the majority, clients, customers, staff,
shareholders, and even society. Who represented these people, whom
are our citizens too?
5. He allowed emotions to overcome him, on the plight of the
elderly who claim they had no knowledge of the contract,
but had he ever considered that for someone who had amass a
wealth of more than $25,000 is not a village idiot, but most
certainly a prudent and savvy individual careful with
money?
Point is, he denied citizens fair trial, did not allow
investigations, allowed emotions to take charge instead of
rationality, continually led protests despite govt's efforts to
look into the case,etc, etc...
Worse still, is speaking in a demostration a qualification to
become Singapore's President? If so, then i am sure many unemployed
will be registering to speak in Hong Lim soon.
Is this whom you want to be a president and the gatekeeper of
our treasury?
Personally, I don't care much who gets voted, because i know for
sure i will still have to work to earn a living, pay taxes and
don't live in a Paradise. Be him a scholar or a roadsweeper. (
although i would be wary of the scholar more - as it is said - the
non scholar will only rob a frieghthold, but the scholar will rob
the entire railway! -kidding lah! Joke only, dont get upset
please!)
If Mr Tan where to type like this, he would be sued all
over!
The main problem is if there were no complaints the financial
institutions would think that nothing is wrong. Do you think that
old uncles and aunties have a huge risk appetite? A 100% potential
loss of capital is very high risk! What are the returns? Hello! 5%!
Not enough to even offset this year's 6-7% inflation rate.
If anyone would have known better, the uncles and aunties would
not even invest in those "minibonds". Look at the probability of
failure, out of 150, if 12 or 15 were to fail, all capital would be
wiped out! You are better off gambling on "big" or "small" in the
casino in which your odds are 50-50.
How easy is it for anyone to accumulate $25,000? Save $100 every
month for 21 years. 