16 Apr '11, 3am

The SDP will be accountable with the people's money #sgelections #sgelection

The SDP will be accountable with the people's money #sgelections #sgelection

The whole saga of Town Council funds being "invested for higher returns" was a dangerous move founded on over-confidence in the ability of our super-scholars in GIC, MAS and many other "Fund Management & Investments" vehicles brought in from overseas to predict the market and consistently beat the market. Well, we all know now that there is no "pau cheah" investment out there now. The fact that these investments only came to light after the huge losses was imminent speaks volumes of how much "consultation" that some PAP Town Council's engaged in with residents and were transparent about their status. So, I rather that these Town Councils just come up and say, "Yes, we screwed up" then but will now be more careful. Just lay out your plans for all residents to see how much and where you will be investing, how much money is needed based on your plans and how you intend to mee...

Full article: http://yoursdp.org/index.php/news/singapore/4734-the-sdp-...

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