*

MariaSharpie

  • ****
  • Senior Petal
  • 2374 5
    • View Profile
PAP should come clean on investment returns using CPF monies
« on: January 03, 2018, 02:54:25 pm »
The PAP government has not been upfront and repeatedly tried to mislead CPF members.

Thanks to Roy, we now know that PAP had even lied about GIC not using CPF for investment.  :(

After repeated denial, PAP was finally forced to come clean and in 2013, “admitted for the first time ever that they take the CPF of Singaporeans to invest in the GIC“.

PAP has also tried to conceal CPF investment returns (CPFIR) with it  commingling BS. The disclosure of CPFIR will reveal PAP’s daylight  robbery and invite public backlash, more likely expedite its burial.

More at https://www.prolificskins.com/forum/current-affairs/pap-should-come-clean-on-investment-returns-using-cpf-monies

*

beaverjuice

  • *****
  • Global Moderator
  • 10812 26
  • Road to Perdition
    • View Profile
Re: PAP should come clean on investment returns using CPF monies
« Reply #1 on: January 03, 2018, 03:52:19 pm »
any dickhead will know that money is fungible.

you deposit $10k with the bank.  bank guarantees you 1.2% interest per annum.

bank use your $10k and loans to SME at 4%.

nan dao you want the bank to return you the difference of 2.8%? ???

the bank assumes the risk on returns but guarantees you the 1.2% regardless as to whether the loan to the SME sours .....

what cock logic is the writer trying to say ..... kumgong to the max
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."