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Absolutely no questions?

By now, I believe that almost all who are interested or care enough about our country must have read or heard that our sovereign wealth fund, Temasek has written down it entire investment of US$275 million or S$376 million in FTX.

Those are real money, our collective hard-earned money and not some monopoly game money.

I wonder why is that Fatimah, oops sorry wrong spelling, should be Halimah Yacob so quiet so far. I wonder if I am mistaken to think or believe that she, being a so called elected president and one of the executive functions of an Elected President is to act as a second key to guard our reserves? No? Seriously, so many people have so many questions to ask the government about this issue too.

I wonder if she has commenced any investigations into it or maybe she has absolutely no questions whatsoever for anybody like see nothing hear nothing so do nothing type.

Think.

 

Simon Lim

 

 

yyy
READER COMMENTS BELOW

21 Responses to “Absolutely no questions?”

  • opposition dude:

    ” I wonder if I am mistaken to think or believe that she, being a so called elected president and one of the executive functions of an Elected President is to act as a second key to guard our reserves?”

    Hands up who actually thinks that the wayang president is a second key to the reserves? No one? Good.

    We all know the president is nothing but a lame duck puppet only given “power” by what the newspaper has printed. It was a nice fairytale from PAP back then about the president safeguarding the reserves if a rigue government took over, it gave a false sense of security if one did not use common sense to think.

    What is so difficult as to physically arrest a president and throw him/her in jail? Nothing right, president is just a normal person. And come on, who would be that stupid to have no safeguards and to trust a person to be a second key? That would be absolute stupidity at the highest level!

    Tech: Ewrr… I think the pres is immune to prosecution lor, but then the law millister I think under the new simi act (can’t remember exactly) can investigate and detain the pres lor, without going through the courts. And also hor, the pres cannot do anything official on her own without going through the group of pres advisors one and they must approve lor, maybe except going to the ladies. If me no wrong hor, only the power to dissolve parliament no need to ask anybody for permission. Just guessing hor, don’t take my word for it!

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  • Security Guard:

    Simon, you know what is the job of a security guard?

    A security guard is assigned to guard ONE gate. What happen at other gates is not his concern. What happen inside the building is not his concern.

    NOT MY PROBLEM.

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  • Simon thinking too simple liao, you think the party dunno people got so many questions meh?

    Come parliament sitting time, there will be a wayang kulit where some party’s low back benchers will pose some itsy bitsy questions and the millisters will pretend to answer them, then case close liao.

    My guess is that the millister pretending to answer one will just replay whatever is already printed in the MSM one, about simi 8 months due diligence, simi MAS no hue what Temasick is doing and that usual crab.

    Unlike the damage control mode in many countries like US and UK, so complicated one, Sinkieland’s experts can only come up with the same old hoodwink year after year, expect no significant improvement to their hoodwinking technique coming near earth-shattering standard.

    Don believe me, just grab popcorn during the next sitting and watch.

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  • SINGAROAR:

    The reason she was placed in the Istana is to ensure Tan Cheng Bock will not become the President. By accepting the role of the President, she together with the PAP removed our right to vote a President of the peoples’ choice. So ask yourself, why would a PM go to such an extend? Could it be, he doesn’t want another Ong Teng Cheong in office? OTC asked for accountability. He asked for the National Asset Register. He worked for his salary. Now compare OTC to HY. It is an insult to the office of the President and to the honourable OTC. She has only brought shame and disgrace to herself and family. She is only LHL’s President, not our President and is a PAP stooge!

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  • @SINGAROAR

    Errr.. I tot the Malay turned Indian or was it Indian turned Malay (so confusing!) criteria already disqualified Tan Cheng Bock?

    BTW, lets wait and watch how they would tweak the criteria to disqualify Lee Hsien yang this time round, in the PE 2023. Rumour has it that Hsien Yang is eying the Presidential post. lol

    Many aunties and uncles in coffeeshop think Mdm Ho will be selected to become President so she can keep an eye on Lawrence lor, dunno true or not.

    What thinking you all?

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  • Joker:

    Can you please be consistent? You want everyone to take LHL as his leader? Shouldn’t you also want everyone to take the President as his leader?

    Suka suka anyhow talk.

    SINGAROAR:
    The reason she was placed in the Istana is to ensure Tan Cheng Bock will not become the President. By accepting the role of the President, she together with the PAP removed our right to vote a President of the peoples’ choice. So ask yourself, why would a PM go to such an extend? Could it be, he doesn’t want another Ong Teng Cheong in office? OTC asked for accountability. He asked for the National Asset Register. He worked for his salary. Now compare OTC to HY. It is an insult to the office of the President and to the honourable OTC. She has only brought shame and disgrace to herself and family. She is only LHL’s President, not our President and is a PAP stooge!

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  • Shakespearean Parleemonté:

    It’s not meaningful to disclose.
    Fearing it’ll be a Full Monty.
    To disclose fullmontily is to
    Shake Sphere of Skeletons.

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  • The Untouchables:

    She’s only a puppet president put on the throne to do PAPs bidding.
    She can only open her mouth when they say so…also what comes out of her mouth is scripted by them PAPs.
    We all know that..
    No one will be held accountable.
    As TRE Tech always say , its easier to win Toto or lottery than wait for any of the Untouchables to be held accountable.
    Maybe theyre now looking for / or already found a scrapegoat to take the fall – for some wayang wayang effect?

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  • If me no remember wrongly, when someone kenna POFMA for saying that Mdm Ho’s bonus+salary from TH is about $100m a year, TH or was it MAS had said that many other directors receive more than Mdm Ho.

    So then hor, is it safe to conclude that TH pays its board of directors an amount almost if not higher than the amount lost on FTX?

    So hor, whats the big fiack about the $500m losses when TH ‘loses’ about the same amount every year to its board of directors/senior management?

    Dio bo?

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  • only stupid people vote pap:

    pap Ljs and pap Cbs all tell lies.

    believe pap Ljs and pap Cbs sure end up living a useless life such as unable to afford HDB unit unable to afford even a Hyundai in own land of birth.

    we always feel sadness when we read of pap IBs such as simon who perpetuate the myth that pap does not know how sinkies are feeling. worse, we take umbrage when the same pap cocks ask sinkies to THINK.

    think for ffff?

    why not just vote OPPO, any OPPO, even the goh meng seng kind, as long as get to vote.

    stop thinking.

    start voting OPPO. all OPPOs are good, even the goh meng seng kind, since anything not pap is a good thing.

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  • Real Oppo:

    This is a real oppo!

    only stupid people vote pap:
    pap Ljs and pap Cbs all tell lies.

    believe pap Ljs and pap Cbs sure end up living a useless life such as unable to afford HDB unit unable to afford even a Hyundai in own land of birth.

    we always feel sadness when we read of pap IBs such as simon who perpetuate the myth that pap does not know how sinkies are feeling. worse, we take umbrage when the same pap cocks ask sinkies to THINK.

    think for ffff?

    why not just vote OPPO, any OPPO, even the goh meng seng kind, as long as get to vote.

    stop thinking.

    start voting OPPO. all OPPOs are good, even the goh meng seng kind, since anything not pap is a good thing.

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  • NotMyProblem:

    As long as her bank account is intact, not a cent less, you will not hear from her.

    Don’t forget the constitution was tailor made for her to be selected as president.

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  • Bakat:

    BAKAT!

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  • opposition dude:

    Tech: Ewrr… I think the pres is immune to prosecution lor, but then the law millister I think under the new simi act (can’t remember exactly) can investigate and detain the pres lor, without going through the courts. And also hor, the pres cannot do anything official on her own without going through the group of pres advisors one and they must approve lor, maybe except going to the ladies. If me no wrong hor, only the power to dissolve parliament no need to ask anybody for permission. Just guessing hor, don’t take my word for it!

    No lah bro, rules can and will be changed. PAP has changed the rules to make sure they win as well as the constituition so if another party took over it would not be a surprise if they did the same thing. Ok lah, maybe arresting a president might be a bit much so perhaps doing away with the need for a president would be a lot easier.

    But what is needed first of all is for less of PAP in parliament. Let’s see how the next election goes loh.

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  • dodo:

    Where got time? Every morning, she must kneel before her home salary altar to worship for hours, then kneel another time also for hours before she sleeps.

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  • Red●:

    Meaningless to disclose.
    That is true.
    Dislose or not,what can we do?
    What can WP do or will do?
    Maybe should cancel parliament sessions as MEANINGLESS ?

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  • carlu:

    “In a statement issued early Thursday, Nov. 17, Temasek said the total cost of its investment in FTX was 0.09 per cent of its net portfolio value of S$403 billion as of end March 2022. ”

    People need to know this, the lost of US$275 millions does not represents the 1% loss in total invested money. In fact it should not use portfolio to obscure the actual loss of money, and doing is generally done to deceive and pacify the public.

    To understand, portfolio is not the actual cash value because it compose of stock, share, asset, of each cash is one of them etc, but usually investors invest in those companies expecting and giving ridiculous high evaluation of a company, so they have inflated share/stock.

    So let say,
    TH take $2 billions of taxpayer money to invest in companies.
    for each investment into companies ( 100millions) to get at least 10-30x over-valuated share rice, stock price, suddenly a company that in actual worth $10 millions is now worth $300 millions (30x valuation), and those share price hold by TH is worth by $30x (now you know why $403 billions portfolio is just inflated and it is not relevant), but that does not reflect its actual value, but inflated value. Inflated value is not accurate because it is value to make the invested companies look good.

    Needless to say, the actual loss is the actual money that pump into companies and writeoff to zero, against the total invested money of portfolios.

    So it the actual loss is US$275m/2b = 13.75% loss of invested money, not the bullshit so called 1 percent. So TH use inflated portfolio value against the actual loss of invested money, where it should have used the total invested cash into companies instead.

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  • Leo Leo:

    A $4M useless president

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  • Bad decision:

    A bad decision is a bad decision.
    No need to give excuse.
    Learn from it and don’t repeat it.

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  • Albert Lim:

    She is more fluent with verse “Drink Milo – Gao Siew Dai”.

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  • SINGAROAR:

    @Bad decision
    To stop making wrong decisions you have to admit to a mistake first not justify it. Please be open for more loss to be reported by our GICs.

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