In the Article :
PM Lee says buyers
of Lehman-linked products should seek resolution with banks
first
By Channel NewsAsia's China Correspondent Wong
Yee Fong | Posted: 26 October 2008
2203 hrs
It was reported that , i quote ,
"
"I think this is a very difficult and not very
satisfactory way in the long run. First of all, government should not be making
decisions for individuals; individuals should have
the right to decide for themselves, their circumstances, their
preferences, their needs. And secondly, the government is not in a position to guarantee
what is safe and what is not safe because there is nothing which is
100 per cent safe," he said.
Prime Minister Lee said the government's role is to make sure that
the financial system proceeds fairly and properly, not to guarantee the outcome but to make sure
that its people know what they are doing. For the investors,
this would mean that they are properly educated and understand the products
they buy and their rights as consumers.
" ", unquote.
By this, I like to clarify, does he mean the same
for TC's Lehman investments as well?
Recently, a TW political commentator praised
Singapore to have the ability
to use the People's CPF related money to invest. She/He admitted
that such things
could never have happened in TW. I wonder what does she mean
by that ?
Ok, investments cannot be guaranteed safe
is one thing, but who is RESPONSIBLE and ACCOUNTABLE for an investment success
? Likewise, WHO is RESPONSIBLE and ACCOUNTABLE for an investment
fiasco? Is this a logical question begging to be asked?
If you know better than me, kindly reply.
As I feel that it would take a while or long
time, for our alternative party to raise this question, I
wonder is it a way to better utilize our Hong Lim
Park by holding a discussion with the public on
this topic which seems like a topic of public
interest.
Unfortunately, I am not an eloquent speaker. I
hope the Linguistically Bombastic, ABLE, CAPABLE,
Knowledgeable and Compassionate and BRAVE could kindly
step forward and contribute to the discussion. Else, things will
remain as it is, as in no one from the public will discuss the
issue to get clarifications.
Ideally, I hope the authorities can send their
representatives who has the power to make decisions to discuss on
'live' TV, unrehearsed.
