Which is your preferred bank?

[NightWind]

DBS has always been a Govt related bank notwithstanding its listing. Like all GLCs and GICs senior management retains deep ties with the PAP elites.

 

The PAP also cannot simply impose blanket policies on all banks for the simple reason that this is an international industry and it cannot damage Singapore's position as a regional banking and financial hub. What ever policies it does try to implement (even under the guise of the MAS) must have some semblance of "rationality" to retain some credibiility in the international community.

 

So far all i see you do is confess your ignorance and after that go on to expect answers to your questions. You are the obvious product of the local education system which churns out unthinking mindless automotons, walking zombies who will see no evil, hear no evil and speak no evil.

 

If you take the trouble to do some basic research instead of simply resorting to name calling and depending on forumers to educate your ignorance you will see that Singapore's standing in the international community is in constant doubt and scrutiny. GICs and GLCs have been sued for anti-monopolistic policies in Indonesia. The conduct of the PAP courts have been questioned many times over and over again. The same applies for Singapore's dismal global rankings on press freedom as well as the quality of its local papers internatinally (world ranking is at the bottom tier in 140s). Investors who lost money in DBS products have also taken action against DBS and it is a glaring revelation that the forum on which they commence action is Hong Kong and not Singapore.

 

From the big overall picture you can see that the govt policies weigh heavily in favour of its own GLCs and GICs and often to the detriment of the citizens. And this filters down to DBS policies to account holders.

 

HAVE YOU BEEN PRESENT IN COURT BEFORE?

 

HAVE YOU SEEN A POOR UNCLE GOING BEFORE THE REGISTRAR ASKING WHY HIS ACCOUNT IS FROZEN WHEN HE IS A MERE GUARANTOR AND WHEN THE JUDGEMENT HAS NOT EVEN BEEN ISSUED?

 

THIS IS SIMPLE YES OR NO ANSWER THAT EVEN YOU SHOULD BE ABLE TO UNDERSTAND

 

I HAVE.

 

Of cause in order for you to appreciate some of this you have to discard your myopic perceptions, and abandon the "frog in the well" mentality. That means expanding your very limited daily reading diet beyond the SPH journals like the Straits Times to other more international journals. It means trying to use that seldom used part of your anatomy....your grey matter...that little teeney weeney piece of pea sized grey matter between your doggy canine ears.

 

Given the extent of your stunted intellectual growth , it will take a decade or more to properly bring you up to speed with the rest of the civilised world. In the mean time, please limit yourself to the spell checks which you have amply demonstrated lies well within the grasp of your amoebic unicellular mind....

 

Oh yes even if i was a 12 year old that would still give me a good 12 years headstart over you...so ok i readily confess to being 12 years old....

 

Good night and ohhh...do me the favour of performing a spell check on the thread for me will ye?

 

Well if you insist its a typo, good for you.

Cos you made the same speling mistake like 4 or 5 times.

Very consistent for a typo error, no?.

 

Well, i admit that my knowledge is lacking, so i would like to seek your advice on this.

So how does the PAP factor into something which seems to be DBS policy?

I would imagine if the PAP wanted something done, they would tell MAS to enforce it on all the banks?

Why just DBS?

 

Coming from you, i don't think anyone is taking your word for it.

Moreover, i am not contesting whether this policy exists in DBS or not.

It doesn't matter to me at all. It could very well exist. But my question is not this.

What i am enquiring is, what does it have to do with the PAP?

 

In any case, you name-calling just sounds juvenile. You are 12 years old?

Edited February 12, 2011 by NightWind

[Chengwh492]

SOLID RESPONSE!!!!!!!!!!!!!!

 

its typical of billionaire-wannabe vapor 'BANKER' to talk classy and act smart. if you have screw with these bankers you know them well. at least if it is a b1tch, u get free screw, the male ones are absolutely enunch and hopeless. one even dare to brag about his small penny size SL500 in front of me without knowing his standing and think he is on top of the world.

 

usually these 'bankers' are also the same bunch that thought their peanut existance making a few dollars here and there means their master and their karma has been good to them. they are lucky where they can operate their smoking activity, they can anyhow smoke innocent clients. if its else where, each of these trash will have eaten a bullet.

 

DBS has always been a Govt related bank notwithstanding its listing. Like all GLCs and GICs senior management retains deep ties with the PAP elites.

 

The PAP also cannot simply impose blanket policies on all banks for the simple reason that this is an international industry and it cannot damage Singapore's position as a regional banking and financial hub. What ever policies it does try to implement (even under the guise of the MAS) must have some semblance of "rationality" to retain some credibiility in the international community.

 

So far all i see you do is confess your ignorance and after that go on to expect answers to your questions. You are the obvious product of the local education system which churns out unthinking mindless automotons, walking zombies who will see no evil, hear no evil and speak no evil.

 

If you take the trouble to do some basic research instead of simply resorting to name calling and depending on forumers to educate your ignorance you will see that Singapore's standing in the international community is in constant doubt and scrutiny. GICs and GLCs have been sued for anti-monopolistic policies in Indonesia. The conduct of the PAP courts have been questioned many times over and over again. The same applies for Singapore's dismal global rankings on press freedom as well as the quality of its local papers internatinally (world ranking is at the bottom tier in 140s). Investors who lost money in DBS products have also taken action against DBS and it is a glaring revelation that the forum on which they commence action is Hong Kong and not Singapore.

 

From the big overall picture you can see that the govt policies weigh heavily in favour of its own GLCs and GICs and often to the detriment of the citizens. And this filters down to DBS policies to account holders.

 

HAVE YOU BEEN PRESENT IN COURT BEFORE?

 

HAVE YOU SEEN A POOR UNCLE GOING BEFORE THE REGISTRAR ASKING WHY HIS ACCOUNT IS FROZEN WHEN HE IS A MERE GUARANTOR AND WHEN THE JUDGEMENT HAS NOT EVEN BEEN ISSUED?

 

THIS IS SIMPLE YES OR NO ANSWER THAT EVEN YOU SHOULD BE ABLE TO UNDERSTAND

 

I HAVE.

 

Of cause in order for you to appreciate some of this you have to discard your myopic perceptions, and abandon the "frog in the well" mentality. That means expanding your very limited daily reading diet beyond the SPH journals like the Straits Times to other more international journals. It means trying to use that seldom used part of your anatomy....your grey matter...that little teeney weeney piece of pea sized grey matter between your doggy canine ears.

 

Given the extent of your stunted intellectual growth , it will take a decade or more to properly bring you up to speed with the rest of the civilised world. In the mean time, please limit yourself to the spell checks which you have amply demonstrated lies well within the grasp of your amoebic unicellular mind....

 

Oh yes even if i was a 12 year old that would still give me a good 12 years headstart over you...so ok i readily confess to being 12 years old....

 

Good night and ohhh...do me the favour of performing a spell check on the thread for me will ye?

 

[Tedlhw]

DBS has always been a Govt related bank notwithstanding its listing. Like all GLCs and GICs senior management retains deep ties with the PAP elites.

 

The PAP also cannot simply impose blanket policies on all banks for the simple reason that this is an international industry and it cannot damage Singapore's position as a regional banking and financial hub. What ever policies it does try to implement (even under the guise of the MAS) must have some semblance of "rationality" to retain some credibiility in the international community.

 

So far all i see you do is confess your ignorance and after that go on to expect answers to your questions. You are the obvious product of the local education system which churns out unthinking mindless automotons, walking zombies who will see no evil, hear no evil and speak no evil.

 

If you take the trouble to do some basic research instead of simply resorting to name calling and depending on forumers to educate your ignorance you will see that Singapore's standing in the international community is in constant doubt and scrutiny. GICs and GLCs have been sued for anti-monopolistic policies in Indonesia. The conduct of the PAP courts have been questioned many times over and over again. The same applies for Singapore's dismal global rankings on press freedom as well as the quality of its local papers internatinally (world ranking is at the bottom tier in 140s). Investors who lost money in DBS products have also taken action against DBS and it is a glaring revelation that the forum on which they commence action is Hong Kong and not Singapore.

 

From the big overall picture you can see that the govt policies weigh heavily in favour of its own GLCs and GICs and often to the detriment of the citizens. And this filters down to DBS policies to account holders.

 

HAVE YOU BEEN PRESENT IN COURT BEFORE?

 

HAVE YOU SEEN A POOR UNCLE GOING BEFORE THE REGISTRAR ASKING WHY HIS ACCOUNT IS FROZEN WHEN HE IS A MERE GUARANTOR AND WHEN THE JUDGEMENT HAS NOT EVEN BEEN ISSUED?

 

THIS IS SIMPLE YES OR NO ANSWER THAT EVEN YOU SHOULD BE ABLE TO UNDERSTAND

 

I HAVE.

 

Of cause in order for you to appreciate some of this you have to discard your myopic perceptions, and abandon the "frog in the well" mentality. That means expanding your very limited daily reading diet beyond the SPH journals like the Straits Times to other more international journals. It means trying to use that seldom used part of your anatomy....your grey matter...that little teeney weeney piece of pea sized grey matter between your doggy canine ears.

 

Given the extent of your stunted intellectual growth , it will take a decade or more to properly bring you up to speed with the rest of the civilised world. In the mean time, please limit yourself to the spell checks which you have amply demonstrated lies well within the grasp of your amoebic unicellular mind....

 

Oh yes even if i was a 12 year old that would still give me a good 12 years headstart over you...so ok i readily confess to being 12 years old....

 

Good night and ohhh...do me the favour of performing a spell check on the thread for me will ye?

 

Just came back, didn't expect such a long answer.

Its actually quite persuasive, but your incessant name-calling really undermines an otherwise well written post.

Although you contradict yourself by first saying they need to maintain credibility, then saying that their credibility(whether media or courts) is in doubt internationally.

So which is which?

 

Your posts in general usually contain strong anti-govt views.

I can respect that, but in this case linking a DBS policy to PAP is too much of a stretch.

Reason being if the PAP derived some kind of an edge/advantage from having such a policy in DBS, it can jolly well mandate all the local banks to follow likewise to consolidate their advantage.

No need for much reason, since in your books their credibility is already in question.

Also, this advantage seems very small, if all one needs to do is to not deposit with DBS, or to maintain a few other banking accounts?

So whats the point, if this policy is only in DBS? Might as well make it all the banks in Singapore right?

 

Your example with the poor uncle lacks clarity and we do not know the exact circumstances surrounding it.

He was a guarantor and a 3rd party could have applied for assets to be frozen pending judgment.

Doesn't sound unreasonable to me.

 

In any case, its a discussion, you can state your point i can state mine.

No need to resort to insults.

For a doctor(as you claimed), it doesn't sound very civilised.

Pointing out the typo wasn't meant as an insult, cos it was pretty obvious that you were using it wrongly on a consistent basis.

It seems you are taking that rather personally. No offence meant there.

 

I will refrain from replying to this thread any further as it seems to have degenerated into a senseless name-calling session with no real discussion.

Edited February 12, 2011 by Tedlhw

[Soonmunn]

Great response. WELL DONE!!! I 100% agree with Chengwh492.

 

The moron Tedlhw's thread very shallow...only know how to criticise & nit pick on small issue like grammar. Most of his thread got no substance.

 

For e.g. he says "you contradict yourself by first saying they need to maintain credibility, then saying that their credibility(whether media or courts) is in doubt internationally."....there is no contradiction. They need to maintain credibility but they fail to bluff the world. Thats very simple what...

 

Moron Tedlhlw also say "He was a guarantor and a 3rd party could have applied for assets to be frozen pending judgment. Doesn't sound unreasonable to me."....he totally missed the point that uncle's assets was frozen before judgement was issued. Thats like being punnished even before they find out who is right or wrong.

 

And this Tedhlw loser dare to say u r name caller when he took the offensive in the first place...now everyone can see he chickened out coz he cannot substantiate his statements.

 

Sadly this loser fit typical profile of the vast majority of singaporeans, which is y PAP get re-elected.

 

Anyway as Chengwh492 says your essay is very solid response

 

DBS has always been a Govt related bank notwithstanding its listing. Like all GLCs and GICs senior management retains deep ties with the PAP elites.

 

The PAP also cannot simply impose blanket policies on all banks for the simple reason that this is an international industry and it cannot damage Singapore's position as a regional banking and financial hub. What ever policies it does try to implement (even under the guise of the MAS) must have some semblance of "rationality" to retain some credibiility in the international community.

 

So far all i see you do is confess your ignorance and after that go on to expect answers to your questions. You are the obvious product of the local education system which churns out unthinking mindless automotons, walking zombies who will see no evil, hear no evil and speak no evil.

 

If you take the trouble to do some basic research instead of simply resorting to name calling and depending on forumers to educate your ignorance you will see that Singapore's standing in the international community is in constant doubt and scrutiny. GICs and GLCs have been sued for anti-monopolistic policies in Indonesia. The conduct of the PAP courts have been questioned many times over and over again. The same applies for Singapore's dismal global rankings on press freedom as well as the quality of its local papers internatinally (world ranking is at the bottom tier in 140s). Investors who lost money in DBS products have also taken action against DBS and it is a glaring revelation that the forum on which they commence action is Hong Kong and not Singapore.

 

From the big overall picture you can see that the govt policies weigh heavily in favour of its own GLCs and GICs and often to the detriment of the citizens. And this filters down to DBS policies to account holders.

 

HAVE YOU BEEN PRESENT IN COURT BEFORE?

 

HAVE YOU SEEN A POOR UNCLE GOING BEFORE THE REGISTRAR ASKING WHY HIS ACCOUNT IS FROZEN WHEN HE IS A MERE GUARANTOR AND WHEN THE JUDGEMENT HAS NOT EVEN BEEN ISSUED?

 

THIS IS SIMPLE YES OR NO ANSWER THAT EVEN YOU SHOULD BE ABLE TO UNDERSTAND

 

I HAVE.

 

Of cause in order for you to appreciate some of this you have to discard your myopic perceptions, and abandon the "frog in the well" mentality. That means expanding your very limited daily reading diet beyond the SPH journals like the Straits Times to other more international journals. It means trying to use that seldom used part of your anatomy....your grey matter...that little teeney weeney piece of pea sized grey matter between your doggy canine ears.

 

Given the extent of your stunted intellectual growth , it will take a decade or more to properly bring you up to speed with the rest of the civilised world. In the mean time, please limit yourself to the spell checks which you have amply demonstrated lies well within the grasp of your amoebic unicellular mind....

 

Oh yes even if i was a 12 year old that would still give me a good 12 years headstart over you...so ok i readily confess to being 12 years old....

 

Good night and ohhh...do me the favour of performing a spell check on the thread for me will ye?

 

[Budgetice]

actually, all T&Cs of the banks have the clause to hold your money.

 

If u are a Gtor, u should know why u appear in court in the first place due to ur legal liability towards the debt.

 

Reason why DBS have more cases of account being hold is because majority of sporean put their money into POSB.

 

For cases where the judgement is issued, the bank is trying to get hold of the money in another bank.

 

eg.. UOB issued garnishee order... court approved and freeze the debtor accounts in ocbc..

 

these order is to prevent the customer from withdrawing the salary or cash in the said account.

 

 

 

[Chongster]

Citibank is the best.

[Voodooman]

cimb 0.8% is only when u have 750k stacked 1 shot into it. old customer is 0.9%.

 

best rate for this amount stated by TS is probably moneymarket funds.

 

That is not correct, CIMB pays 0.8% pa. up to S$750k.

 

For money market funds, you are taking risks of at least a few financial institutions, you need to read the fineprint to understand their investment criteria. As the difference is not significant, I rather choose my own banks.

 

[Jiannshan]

I can understand that everyone has their own stand n opinions n it is good for people like me who dunno much to learn from all of ur different experiences.

 

But honestly, i think it is not very right to pick on certain people in a specific trade n start condemning them for the things they do.

 

Every occupation has their fair share of black sheeps.

 

Property agents, insurance agents, car sales man, doctors, teachers etc.

 

I remembered my friend used to say ' all lawyers go to hell when they die'. N i hve seen incompetent doctors when i was an NSF too. I believe they earn a lot more money than bankers. Not to mention ministers. They earn by the millions.

 

Thus, lets not be judgemental on other people coz we make mistakes too as we are humans. We are not GOD.