Excerpts from Mr Tan Kin Lian’s speech:
“Somebody asked me, Mr Tan, is it possible to get back 100% ? Honestly, I don’t think so. Because already the underlying assets, so many have already failed. Before Lehman Brothers went under, the value has dropped below 50%.”
“Hong Kong asked the banks to buy over, is that good or no good. But it depends buy over for how much. According to what I read, buy over at market value is no good. Market value today is only 10 to 15%. You might as well take the risk and wait. But if they over 70 or 80%, I think it is worthwhile.”
Mr (?) Siew Ong Koh (rushing to the stage before Mr Tan left to hand over a “plaque” to him):
“Ladies and gentleman, let’s thank Mr Tan. I have one word. Now I have one way. Through legality, we are all lost. But we are looking for a response from the people. Who are responsible ? The Top Top, the Fat cat, or MOF or another honest mistake !”
Watch the rest of videos here:
Ramseth, noticed you doing a lot of propaganda work for wayangparty.
he is from WP ma
He from WP then why he do propaganda work for wayangparty?
Wayangparty is opposed to WP.
This is like PAP member spread SDP propaganda.
nay, don't be deceived, wayangparty is not opposed to WP, it's actually run by an ex-WP member who happens to be my friend.
wonder what was written on the plague