Atypical of DAP politicians,all air & zero execution.Pure power & money grab on the ground since May 09. The state of the economy with Malaysia as the leading underperformer globally speaks volume

Mbb’s exposure is closer to $602.4m excl int & credit charges.With Singapore govt effectively force acquiring Tuaspring assets only for nominal $1 without debts,all creditors & lenders incl Mbb’d be wiped out.If banks & credit agencies are registering this episode properly,Singapore’s sovereign risk (implicit & explicit) along with corporate risks should see immediate downgrades & with it higher credit charges for any future borrowings and issuances