31 Aug '11, 9pm

Dr Tony Tan as president defies common sense: Singapore Democrats 30 August 2011 The SDP cautioned Singaporeans

Dr Tony Tan as president defies common sense: Singapore Democrats 30 August 2011 The SDP cautioned Singaporeans

Dr Tony Tan as president defies common sense September 1, 2011 by admin Filed under: Current Affairs and Politics , Singapore Democratic Party Singapore Democrats 30 August 2011 The SDP cautioned Singaporeans against electing Dr Tony Tan as President of Singapore because Dr Tan is very much a part of the system designed to shield the financial reserves from the people’s scrutiny, in particular the operations of the GIC (see here and here ). Dr Tan was at the helm as deputy chairman of the GIC when disastrous decisions were made to invest in financial institutions in the US and Europe. Singaporeans have short memory but that was a time when our financial security was hanging by a thread. The GIC had cut its losses then and announced that it had lost $70 billion of our hard-earned savings. That’s $23,000 for each and every Singaporean. It could have been worse – much worse. ...

Full article: http://www.sgpolitics.net/?p=7118

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