Town Councils gamble away money
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well, you guys know what to do during the next elections, meet the people session, chit-chat session, grARSEroots session...
ask ask ask ask... and get a straight answer from them...
THAT, is responsibility of a citizen in a democracy...
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i would vote straight to the opposition instead of ask ask ask.
They should learn to tell tell tell n explain and seek someone to take responsibility so that in future there is accountability.
Until now, we do not know who the responsibilities lies!
despots!!
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i still dont get their point.
why ask for more money, invest, ask, invest when they dont spend the money on helping us at all?
what is the purpose of the reserves growing (if its growing)?
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used to receive letters from tc stating how short of money they are if residents miss payments blah blah...and yet they have tons of it to invest....i don't blame them for the loss as it was unexpected but to whine about missed payments is too much of a stretch....and when you miss a single payment, they used to send demand letters through registered mails...by the way, isn't holland tc under lky?
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party mouth piece s.t must be busy doing damage control
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did HDB invest and lost too?
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Wow, never know our town council so rich...
Why they never donate 1% of it to charity?...Save many people trouble to call to donate
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The main issues that puzzles me are, firstly they keep raising the conservatory fees and claimed that it is a only a minimal amount as to compare the cost of maintaining the estate, upgrading the facilities and the high labour cost. Whatever fees that are charge to the residents are for the benifits of the residents itselves and not for their profit taking.
And so, many times we have heard residents being charge of interest and lawyer fees for not paying their conservatory fees on time and residents being drag to courts and sent behind bars for failing to pay their fees.
I am not trying to say that they have to to be charitable in running the Town Council but by charging interest and lawyer fees to the unaffortable, dragging them to court and putting them behind bar for not able to pay the fees...where is the humanity act? where is the care for the residents that have voted and make your payday possible?
Even with your installment plans, amount payable plan are set by TC and not to the capability of the residents and when they default and payment...tada..off you go to the court dude! and no more installment plan for you..you got to pay them in full.
And this is exactly what happen to a buddy of mine who was retranched and jobless for almost 2 years.
I am a person who believe in retribution, what goes around comes around. If you have heart for others...your life will be much more beautiful then it is now.
Lastly, if any of you still remember once there was an opposition party who was charge for misappropriating the TC fund. He eventually lost the election and charged in court...looks like the next election will not come any sooner....lol
Now, can we say that this is also a misappropriating of funds? Since it done without the knowledge of the residents and also the people of Singapore.
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i dun think u should blame them. their intentions were good, unfortunately, they made the wrong decisions. why can't they employ someone like me to help them with their investments, can annual compound 10% for their money...
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and yes, Zecyan88 brought out very good points, for that, these people deserves to burn in hell.
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Originally posted by Zecyan88:
The main issues that puzzles me are, firstly they keep raising the conservatory fees and claimed that it is a only a minimal amount as to compare the cost of maintaining the estate, upgrading the facilities and the high labour cost. Whatever fees that are charge to the residents are for the benifits of the residents itselves and not for their profit taking.
And so, many times we have heard residents being charge of interest and lawyer fees for not paying their conservatory fees on time and residents being drag to courts and sent behind bars for failing to pay their fees.
I am not trying to say that they have to to be charitable in running the Town Council but by charging interest and lawyer fees to the unaffortable, dragging them to court and putting them behind bar for not able to pay the fees...where is the humanity act? where is the care for the residents that have voted and make your payday possible?
Even with your installment plans, amount payable plan are set by TC and not to the capability of the residents and when they default and payment...tada..off you go to the court dude! and no more installment plan for you..you got to pay them in full.
And this is exactly what happen to a buddy of mine who was retranched and jobless for almost 2 years.
I am a person who believe in retribution, what goes around comes around. If you have heart for others...your life will be much more beautiful then it is now.
Lastly, if any of you still remember once there was an opposition party who was charge for misappropriating the TC fund. He eventually lost the election and charged in court...looks like the next election will not come any sooner....lol
Now, can we say that this is also a misappropriating of funds? Since it done without the knowledge of the residents and also the people of Singapore.
So you know where your vote goes to when election is due lor.
But that is if your area is not going to be walked-over lah.
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Originally posted by seyKai:
some smart aleck there couldnt understand what is reserve funds and too much funds
rather lose it than lowering the charges
that is a rhetorical question.they will never let up on collecting too much s-11.
let's say if potong pasir runs into problem with monies, they will be ridiculed by these learned scholars for running into a deficit and couldn't manage their money.
town council exists to manage and maintain public properties. their sole job is to do manage this well in the most cost effective manner. not build surpluses to buffer against future expenses as they like to position it. typical bs.
thank goodness for the lehman fiasco, this `rubbish' is now widely strewn all over the estates. the clean-up would be interesting. let's see how much is swept under the carpet.
interestingly, one never would have guessed what happened in wall street will cast a dark shadow on this government, which for a long time has lost sight of what it means to serve the ppl first.
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Why are we paying more than we should to the TC so that they can build such a huge reserve when they could have ask if the need arise? In asking for the extras, they had "invested" or gambled for a returns.
To put it in a crude way, we could have "invested" or gambled it away ourself. let says if I used $1 to "invest" in 4D. my returns for 1st price is 2000 times the amount I put in. If I were to lose, I'm answerable to myself and I still have to answer to the call of the TC for the monthly TC fees. Now that the $16m has gone kaput, who is answerable? an honest mistake?
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Originally posted by reyes:
i would vote straight to the opposition instead of ask ask ask.
They should learn to tell tell tell n explain and seek someone to take responsibility so that in future there is accountability.
Until now, we do not know who the responsibilities lies!
despots!!
you don't even bother to find out your own responsibilities??that speaks volumes...
btw.. ask ask ask.. the same way you MUST ask ask ask the opposition..
you don't trust the MIW but you would trust the opposition?
your enemy's enemy may not be your friend..
you ask.. so you will know.. when you know, you will not make the same mistakes.. and the opposition will be prone to the same mistakes because politicians are all basically self-serving bastards...
if you don't even want to know, you are fated to be taken advantage of by despots in different guises.. and you won't even know it...
your ignorance and your pride in your own ignorance.. and your belligerence speaks volumes...
now.. you rant against something.. but you don't know what.. you only know that some self-serving bastards took public money and wasted it.. what makes you so sure the opposition won't do the same?
sheesh..
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Originally posted by redDUST:
that is a rhetorical question.they will never let up on collecting too much s-11.
let's say if potong pasir runs into problem with monies, they will be ridiculed by these learned scholars for running into a deficit and couldn't manage their money.
town council exists to manage and maintain public properties. their sole job is to do manage this well in the most cost effective manner. not build surpluses to buffer against future expenses as they like to position it. typical bs.
thank goodness for the lehman fiasco, this `rubbish' is now widely strewn all over the estates. the clean-up would be interesting. let's see how much is swept under the carpet.
interestingly, one never would have guessed what happened in wall street will cast a dark shadow on this government, which for a long time has lost sight of what it means to serve the ppl first.
it will be more than sweeping under the carpet more like how to hide the skeletons
maybe it will be just like the 'Bush Joke' - "what the f*** happened to billy" -
Now it seems like the ah ma and ah peks' monthly conservancy charges are indirectly going into these structured products.
Do they also get a prospectus to read when they pay those monthly charges?
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Originally posted by Zecyan88:
The main issues that puzzles me are, firstly they keep raising the conservatory fees and claimed that it is a only a minimal amount as to compare the cost of maintaining the estate, upgrading the facilities and the high labour cost. Whatever fees that are charge to the residents are for the benifits of the residents itselves and not for their profit taking.
And so, many times we have heard residents being charge of interest and lawyer fees for not paying their conservatory fees on time and residents being drag to courts and sent behind bars for failing to pay their fees.
I am not trying to say that they have to to be charitable in running the Town Council but by charging interest and lawyer fees to the unaffortable, dragging them to court and putting them behind bar for not able to pay the fees...where is the humanity act? where is the care for the residents that have voted and make your payday possible?
Even with your installment plans, amount payable plan are set by TC and not to the capability of the residents and when they default and payment...tada..off you go to the court dude! and no more installment plan for you..you got to pay them in full.
And this is exactly what happen to a buddy of mine who was retranched and jobless for almost 2 years.
I am a person who believe in retribution, what goes around comes around. If you have heart for others...your life will be much more beautiful then it is now.
Lastly, if any of you still remember once there was an opposition party who was charge for misappropriating the TC fund. He eventually lost the election and charged in court...looks like the next election will not come any sooner....lol
Now, can we say that this is also a misappropriating of funds? Since it done without the knowledge of the residents and also the people of Singapore.
Things are getting from bad to worse.
Living in singapore will get tougher and tougher for singaporeans.
Haiz.
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Originally posted by charlize:
Things are getting from bad to worse.
Living in singapore will get tougher and tougher for singaporeans.
Haiz.
It is very true that Singapore belong to the rich ... the poor can only go one way, poorer ... -
Originally posted by Zecyan88:
The main issues that puzzles me are, firstly they keep raising the conservatory fees and claimed that it is a only a minimal amount as to compare the cost of maintaining the estate, upgrading the facilities and the high labour cost. Whatever fees that are charge to the residents are for the benifits of the residents itselves and not for their profit taking.
And so, many times we have heard residents being charge of interest and lawyer fees for not paying their conservatory fees on time and residents being drag to courts and sent behind bars for failing to pay their fees.
I am not trying to say that they have to to be charitable in running the Town Council but by charging interest and lawyer fees to the unaffortable, dragging them to court and putting them behind bar for not able to pay the fees...where is the humanity act? where is the care for the residents that have voted and make your payday possible?
Even with your installment plans, amount payable plan are set by TC and not to the capability of the residents and when they default and payment...tada..off you go to the court dude! and no more installment plan for you..you got to pay them in full.
And this is exactly what happen to a buddy of mine who was retranched and jobless for almost 2 years.
I am a person who believe in retribution, what goes around comes around. If you have heart for others...your life will be much more beautiful then it is now.
Lastly, if any of you still remember once there was an opposition party who was charge for misappropriating the TC fund. He eventually lost the election and charged in court...looks like the next election will not come any sooner....lol
Now, can we say that this is also a misappropriating of funds? Since it done without the knowledge of the residents and also the people of Singapore.
instead of being a service provider our town councils behave like our lord! greedy, arrogant and high-handed.
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Originally posted by Gun:
Can any PAP folks explain why only PAP-managed town-concils are using public funds for investment while Hougang and Potong Pasir Town Councils did not ?
Were the TC residence told about this earlier or they are now trying to do damage-control on this less-publicised financial advanture using public funds?
Now, I am very very worried about what they are actually doing to our reserves moni and CPf with little accountability.
Hougang and Potong Pasir town councils also invested. Low TK said their investments yield a return of 6%. Chiam only said they never invested in those ill-fated stuff.
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Originally posted by ORIGAMIST:
It is very true that Singapore belong to the rich ... the poor can only go one way, poorer ...Singapore is like a 6 star hotel.
And Singaporeans are the workers catering to the rich.
Haiz.
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Originally posted by the Bear:
you don't even bother to find out your own responsibilities??that speaks volumes...
btw.. ask ask ask.. the same way you MUST ask ask ask the opposition..
you don't trust the MIW but you would trust the opposition?
your enemy's enemy may not be your friend..
you ask.. so you will know.. when you know, you will not make the same mistakes.. and the opposition will be prone to the same mistakes because politicians are all basically self-serving bastards...
if you don't even want to know, you are fated to be taken advantage of by despots in different guises.. and you won't even know it...
your ignorance and your pride in your own ignorance.. and your belligerence speaks volumes...
now.. you rant against something.. but you don't know what.. you only know that some self-serving bastards took public money and wasted it.. what makes you so sure the opposition won't do the same?
sheesh..
Shut up la. Stupid PAP dog. -
Aiyah.. u all dun propaganda lah. The net amount of toen council money is still positive even after the loss. So can dun spread rumors and sway people into opposition or not.
You people always look at the negative side. Typical singaporean. I can see many coffeeshop people also picking fish bones again about govt and town council.
-First, they disclose the news, is honesty liao, so that is a good thing.
-Second, when they made money in the past, so even with these loss, there is still money still, so what is there to complain.
Thirdly, you people say the town council is gambler or corrupt, you all better dun anyhow say. Back with substantial argument. Wait you all kana sue then you know.
If town council got used our money for personal usage, then that is wrong. SO for all kpkb, please provide ample evidence instead of misleading readers... If really for embezzment, then we should really lambast the people involved, if not, dun anyhow complain.
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die already lah.. more salary increase for the MP already lah.. u see lah.. it' all the people's fault lah.. complain so much about their low salary... so they can only attract the "no so talented one" ....so to attracts the BEST talent.. must pay them higher lah... die lah
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It's an honest mistake, let's move on.