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I think most likely they will all get jail sentences. At most 1 will hang.

Oh yes ... once in a while need to rant. But it's a harmless rant, Then again thanks to this incident, came to realise how much I have really changed. Stopped at the red traffic light at a junction turning right towards SLE(BKE) from YCK Road. Beside me is a red Mini-Van who initially, has already given my CO a bad impression with the sudden brake after he realised he couldn't beat the red light and braked hard besides her. (Actually I already stopped at least 5 sec beforehand so I don't know why he can be thinking he can still beat the red light for the right turn.) When the traffic light turns green to move but not our 'right-turn' light. The Van again mistook it and tried to sped. It jam-braked suddenly again when he realised that. I can already sensed that 2F2F mood in him. Our lanes of Toyotas, Nissans, Mitsubishis are destined to be this Van's follower it seems. Waited for our turn and when the light turns green in our favour. Off we went. As I moved out first, then van sped up quickly to fill up the gap behind. As the road begans to merge in front. The red mini van shows no signs of slowing down even though I was pretty much in front. It came to a point where both our vehicles are close enough to crash side by side but I can see, he's not slowing down despite behind my vehicle. Any further dash, I think both of us can eat the grass besides the pavement liao. Sensing such ungentlemanly act, I slowed down a bit, just enough for the driver to squeeze past me before the road merge till too narrow for 2 vehicle. I was faced with 2 scenerio:- i) I can pick up my pace and 'cut' him into pieces at the main E'way. ii) I suck thumb, let humble takes over me. Need not say more, I chose the latter. As I watched the red van mercilessly destroyed to pieces by other fast moving vehicle on the main E'way. I just couldn't stop smiling. My CO sensed what I am thinking and blurt out loud, ... "aiya ... don't be a kid lah .... wana race for wat" .... She is very right. And I think I have grown up finally. Welcome to MCF uncles!!!

Every point raised has being implemented.....look at the outcome....are citizen happy or the gov is happy? If you are not happy with the increasing property prices, you can go talk to this prof. MAY 28, 2004 Expert concerned about 100% home ownership NUS don says move led to policies that distorted market; he also calls for halt to new flats so prices of homes can rise A VETERAN analyst of public housing yesterday took issue with the Government's housing policy, saying the push for 100 per cent home ownership had distorted the market and led to financial hardship for many families. To correct the situation, Professor Chua Beng Huat, who once worked in the Housing Board, called in part for a stop to the building of new flats so as to allow current excess supply to be soaked up. The move will also create a 'shortage' and thus prompt an increase in the price of existing homes. Prof Chua, now a sociologist at the National University of Singapore (NUS), also described the HDB's promise to continue building flats for sale as 'wrong headed'. This was because building more three-room flats to meet current demand would 'only intensify the financial difficulties of households' trying to sell their larger flats. His remarks came in a speech at a forum organised by the NUS Real Estate Department in honour of the late Dr Amos Koh, a former lecturer. Some in the audience of about 100 property professionals, including officers from HDB, were clearly surprised by his frank comments. The real estate market was in its current state because of distortions caused by Government policies to achieve 100 per cent home ownership, Prof Chua said. This approach was itself driven by what he said was the ruling party's 'need for legitimacy to continue its monopolisation of parliamentary, hence political power; a legitimacy that is based on a quid pro quo of improved material life for all in exchange for popular electoral support'. Prof Chua added later: 'The implication of this achievement, is that every household already has a house and the need to move to another place of residence is entirely preferential rather than necessary.' Any new demand for housing is from newlyweds and new immigrants. This combined with low marriage rates and the shrinking of average family sizes has resulted in a 'generalised depression of real estate prices, particularly in the public housing sector and the low-end private housing sector', he argued. Those hardest hit by this state of affairs in the market are the retrenched, those whose businesses have failed and retirees. The solution was a moratorium on new public housing, 'to create a shortage in order to refloat the prices of existing housing,' he said. This would transfer some of the cost of present home ownership to the younger generation and thereby enable retirees to finance their future, he added. He acknowledged that the move to create such a shortage would be unpopular with the younger generation. 'However, with their ability to pay still ahead of them, their dissatisfaction will dissipate over time and the political cost to the ruling regime may not be very high,' he said. Prof Chua was also critical of the approach taken to maintain the goal of 100 per cent home ownership through various policies. These were actively discouraging flat rentals; encouraging consumption and upgrading to bigger homes through a resale policy; creating new markets for the older and smaller flats; and maintaining real estate prices above a certain level. Arguing that the State should discard its monopoly over the provision of public housing, he said the HDB should, however, remain a competitor in the housing market. This is because by remaining a player, it would put pressure on the private sector to keep improving the conditions of the housing that it provides.

Hmm...going forward to 2009 and yet no news about his charges. is the charges going to die of natural death?

Investors of failed structured products to know outcome of complaints by mid-Jan SINGAPORE : The Monetary Authority of Singapore (MAS) on Wednesday said investors who have bought failed structured products will know the outcome of their complaints by the middle of January. Investors had alleged that distributors had mis-sold the products and misrepresented the risks. Minibond investor Ismail Deen was told last week that his complaint is still being looked into. He is one of nearly 5,000 investors who have complained to 10 financial institutions (FIs). Like Mr Ismail, most investors of DBS High Notes 5, Lehman Minibonds and the Jubilee Series notes will get some answers by mid-January. Final checks are being done on some complaints. Shane Tregillis, deputy managing director, Market Conduct Group, MAS, said: "That is to take into account the recommendations of the independent persons and to make sure they have taken into account any investigation findings, and also to check for consistency." MAS said 9-in-10 complainants have been interviewed. FIs have also decided on 80 per cent of the cases, but have yet to inform investors. For clear-cut cases though, investors have already been told of the outcome. The central bank has been working with financial institutions in the past 10 weeks. Mr Tregillis said: "We have been visiting, checking ourselves just to ensure the process, looking at the teams... the FIs have put in place in recent weeks, some of them are up to 100 people." MAS said the FIs will review the complaints in a non-legalistic manner and it will be based on principles of fairness. However, they are expected to take legal defence if the investors decide to take them to court. The central bank also said investors should be prepared to bear responsibility for their investment decisions. - CNA/ms what outcome, no case means no case liao... compensate to those who do not understand the meaning of "investment"? compensate to those who do not understand english at all? then u will see sudden surge of ppl claim dun understand english, all switch to their native language liao compensate to those who "teh gong" and hope to receive some form of compensation???

Last posted in 11 July....... What is the outcome of our "1st MCF Dinner". Any updates.

Does anyone know if they have been given the green light to resume business? Can't seem to access their webby...