Criminals in high places and high finance

HSBC was slammed with more than a billion in fines for money laundering. UBS too was fined as much for rigging Libor. And several other big banks too were caught for equally serious criminal acts. The American and European authorities are currently investigating several banks for similar financial crimes.

What is nauseating is that no individual was found guilty of any crimes. The criminals were the inanimate banks and institutions. And the fines paid were from the shareholders. The shareholders are paying the fines of these criminals in high places. Where is justice? People in high places can commit crimes and be freed from punishment? How then would they stop doing what they were doing when they know that they are untouchables?

The US is now looking into bringing a few of these criminals to court and make them pay for the crimes personally. Until this is done, until these criminals in high places are put behind bars, the banking and finance industry will be dominated and in the control of such criminals and getting paid obscenely, unchecked by anyone.

The banking and finance industry has been in the hands of rogues and robbers for too long. When would the long arms of the law reach them and put an end to their crimes?

What do fake degrees mean?

Many stories have come out from Australia where unqualified doctors were practicing and some even operated on their patients. Imagine taking drugs prescribed by quacks or operated by quacks! Could it happen here, in our renowned world class hospitals? Are there any quacks treating our sick and prescribing medicines which they know nothing about?

Then in the field of engineering, we are building many high rise flats. Any faked engineers or architects employed to build them? What can be the consequences should a high rise building collapse? Or our highways, bridges etc. Could they go down with the people and vehicles on them, onto people and properties below?

Fake degrees are not just about money, about deceit, cheating. It is about lives at stake. A fake professor lecturing in a university may not cause much harm except twisting the minds of the students. But fake professionals in many fields can be very deadly. No pray pray.

Low Thia Khiang the new Zhuge Liang 诸葛亮

The Palmer Affair has slowly subsided with no politicians being ended up on the wrong side of the stick. Nobody got sued. When it blew up, there was a lot of temptation for the opposition parties to strike while the iron is hot and went on a lashing exercise to extract the same damage from the PAP as it demanded of WP during the Yaw Shin Leong Affair. The temptation was great and it took great of restraint for any opposition politician not to push the dagger a bit deeper and give it a little twist.

What happened was like a non event. The party that was expected to be up in arms, the WP, took a very low profile. There was a kind of discipline imposed. Other Low Thia Khiang, the rest was as mum as the PAP side. And Low’s comment, which could be eagerly awaited and could drag him into a heated tit for tat open war on who was dirtier, was greeted with great relief, perhaps a little disappointment for those who have sharpened their knives for full combat.

Instead of more dirt being dug out for display, instead of more heated accusations and defending, nothing of that sort happened. There was a little praise coming from Low which gave no one any chance to rebut or to tear him and his party down. The WP did not go down as another unforgiving and vicious party. It was like a gentleman party, like Low Thia Khiang. Hey, everyone is nodding that that was a coup de grace, putting himself and his party above the mud. Great strategic thinking at work.

And the rest of the opposition parties took the cue and all refrained from stirring up more shit to embarrass and to draw flakes to themselves. Our political temperature and climate seem to have improved, with great humility, graciousness and generosity. Hope this will be reciprocated in the by election and the next GE, as the new norm of decency. It bodes well for all. Low Thia Khiang and his party deserve a praise. I think it must be hard on him for now bowing to pressure from his members to do the fifteen when others did the first. 人作初一我作十五。

The little flutter is growing

Ever since the illegal strike or industrial action of the Chinese drivers in SMRT, more of such incidents are starting to appear. The little crack on the wall is getting bigger.

The latest illegal strike by the Indian and some Chinese workers in a construction site in Yishun is quite similar in nature to the SMRT strike. It was a sit in and work stoppages. In this case the workers were owed salaries by the sub contractor, Sime Chong Construction. The main sub contractor is now working with Sime Chong to pay the workers. MOM is also informed and in the picture.

The question is, would these workers be jailed, charged and repatriated like the SMRT drivers?

Natcon vs natcon

The Govt has taken the initiative to start a national conversation with the people. This exercise is to engage, listen and talk with the people to find out their aspiration, what the people want for the future, the type of country and society that they can help to create for themselves and their children. It is a massive exercise involving a lot of resources and fundings.

The mission of this Natcon is defined by the Govt and the discussion would be confined to this objective. The participants are likely to be talking about an ideal, and anyone going off topic will be hauled back. The mission and agenda are all set. The participants in a way are also set, invited by the organizers. There is a feel good feeling as it is all about a dream, about the moon and the stars.

It is kind of like an academic exercise like students in institutions of learning, a tutorial that would end up with a paper at the end of the conversation. Maybe there will be prizes for the best participant or the best papers to be presented.

There is another natcon (I am using small letters) going on among the people. It is spontaneous, uncoordinated, unstructured. Anyone can participate and it is happening everywhere, anywhere. It is free, no resources are committed to such a conversation. One major difference is that the participants are people who have something to say and wanting to say. The topics are unlimited and undefined and mainly about the realities, about their life experiences and their grievances. They are talking about the now, the immediate problems they are facing. There will be emotions and pains and anger as the issues are not something airy and fairy, not something that may or may not happen in the future.

Between the two natcons, a guided Natcon and a spontaneous natcon, the Govt is likely to listen to the Natcon it initiated. It must be as it costs a lot of money to organize such an exercise. And the findings cannot be put to waste. Would the Govt listen to the other natcon that it has nothing to do with, a natcon coming from the hearts of the people, or urgent issues that the people wanted the Govt to act on?

What would likely happen is that the findings of the Natcon will be compiled and may even be discussed in Parliament as the people’s aspiration for the future. The people have spoken. And it could even be the basis for the PAP’s position in the next GE, telling the voters that it has discussed with the people and they will deliver what the people want.

As for the spontaneous natcon that is unstructured and messy, it is likely to be regarded as voices from the disgruntled, from the losers, voices from the lunatic fringe, and likely to be ignored. To the people, their natcon is real and needs immediate attention. To the Govt, it is the guided Natcon that matters.

Is there a meeting of the minds between the Govt and the people? Yes, the Govt has spoken to some of the selected people invited. And no, the Govt is not talking or listening to the other people who wanted the Govt to listen to their problems. Which natcon is important and relevant is subjective and depending on who one is.