The Dodd Frank Act aka Volcker's Rule proposed by Paul Volcker has finally been passed
after 3 long years of struggle in Congress. And it would take another
year for it to be in effect. Thanks to all the congressmen that were
bribed into opposing this necessary bill to stop the banks from taking
high risk positions in proprietary trading for their own benefits and often against
their clients.
The need and importance of this piece of regulation are real and urgent.
They should be put in place 3 years ago but unfortunately the banks
could get away by bribing the congressmen to oppose it. This is the
treachery of the bankers and the banking system. The law makers and
people like Paul Volcker knew what they were doing and knew that it was
wrong for them to carry on and risking the collapse of the financial
system if not put to a stop. But they were helpless given the power of
what money could do to make the congressmen vote the other way.
It is of paramount importance that the same fraudulent game should not
be allowed here. We don’t have corrupt congressmen to bribe to stop the
criminal practices of bankers indulging in the same activities. We can
stop the crime immediately and don’t have to wait for the Americans to
enact this law in 2015. If we do not have the guts and confidence to do
what is necessary for the good of our banking and finance industry, it
doesn’t cost much to invite Paul Volcker here to use his weight to sit
on the problems and squeeze them out from our system.
We can do it ahead of the Americans. We need the political will and
wisdom to do the right thing. Paul Volcker may have a whole congress in
his way. He would not have to face one here and could do the right thing
for our banking and finance industry. Not asking him here is a
dereliction of duty and responsibility.
Would our govt, Ministry of Finance or MAS do the right thing? The Dodd
Frank act is the right way to go before it is too late. Would the
American system last till July 2015? Could we take the leap and save
ourselves first while the Americans continue to do themselves in?
12/12/2013
Thailand heading for civil unrest and political strife
The stage is set for a civil war in Thailand. The tough stand taken by
Suthep and his yellow shirts is a sign that he has been given an edict
to get rid of Yingluck. This is shown in his confidence and persistent
to push to the end. He would not compromise, he is showing his cards
without taking it out. They are even talking of arresting Yingluck for
treason. This is the last push by the monarchy to stay in power.
The red shirts have been exceptionally restrained and non confrontational so far. They have been on the retreat, on the defensive, trying to appeal for reasons and negotiation. They have finally come to the conclusion that there is no option left. Either they fight or they would be kicked out with Yingluck and her parties.
The red shirts have started to stand up to tell the yellow shirts that they would fight for their freedom and democracy. They would not accept an undemocratic govt in the form of a dictatorship.
Thailand is like heading towards a revolution or a civil war. It is now all in, all the chips are on the table and winners take all. The end result could be a strengthened and revived monarchy to rule for another hundred years or a republic without the monarchy or a ceremonial monarchy that would have no say in Thai politics once the dust settles.
Yingluck and the red shirts have tried to avoid bloodshed and a civil war. The yellow shirts will not have that and are pushing for an all out war. This run up to the snap election is going to be critical to Thai politics and a dramatic change could take place in the next couple of months or weeks when the red shirts are forced to march into Bangkok.
The red shirts have been exceptionally restrained and non confrontational so far. They have been on the retreat, on the defensive, trying to appeal for reasons and negotiation. They have finally come to the conclusion that there is no option left. Either they fight or they would be kicked out with Yingluck and her parties.
The red shirts have started to stand up to tell the yellow shirts that they would fight for their freedom and democracy. They would not accept an undemocratic govt in the form of a dictatorship.
Thailand is like heading towards a revolution or a civil war. It is now all in, all the chips are on the table and winners take all. The end result could be a strengthened and revived monarchy to rule for another hundred years or a republic without the monarchy or a ceremonial monarchy that would have no say in Thai politics once the dust settles.
Yingluck and the red shirts have tried to avoid bloodshed and a civil war. The yellow shirts will not have that and are pushing for an all out war. This run up to the snap election is going to be critical to Thai politics and a dramatic change could take place in the next couple of months or weeks when the red shirts are forced to march into Bangkok.
The hour has arrived
The owl came and it said ‘hoot, hoot’. Initially many people were
wondering, guessing, what was the owl trying to say? What was the
message this bird was bringing? What was the meaning of ‘hoot, hoot’.
Now the message is clear.
Thank you, wise owl. ‘Hoot ah!’ The owl of the moment, the hour came and gone, living behind a mess, in Little India. Is this an isolated incident just like the arrival of the owl. It could be. But if the hour of mayhem returns, it is not going to be an isolated incident anymore.
If the owl returns a second time, the message is likely to be much more severe. The riot could be of much greater scale after they have a trial run of what they could do and could do more to hurt. I can’t imagine what it would be like but it would be like riots elsewhere. And if it does happened a second time, this govt must take full responsibility and there can be no excuses except a mass resignation.
We have peace, stability, security and progress for nearly 50 years. We have in our midst a horde of foreigners to the tune of more than a million, one third of our population. And when they are together, you think it is possible to control them? All it needs is a few trouble makers and our homes will be burning and there will be bodies on the streets. This is no pray pray rubbish. This can be real. Alarmist? How many would believe a riot like last Sunday could happen in this peaceful and prosperous city of graceful, polite and govt fearing citizens? An isolated incident?
You know how to write complacency? When the next hour of mayhem comes knocking at your door…. All it needs is a mischievous media to report some malicious news and you would not even know what hits you. That report by Sun TV could result in more deaths with Chinese being attacked on sight.
When nothing happens, you will call this alarmist. When something real bad happens, you will call this foresight, proactive and wisdom.
Thank you, wise owl. ‘Hoot ah!’ The owl of the moment, the hour came and gone, living behind a mess, in Little India. Is this an isolated incident just like the arrival of the owl. It could be. But if the hour of mayhem returns, it is not going to be an isolated incident anymore.
If the owl returns a second time, the message is likely to be much more severe. The riot could be of much greater scale after they have a trial run of what they could do and could do more to hurt. I can’t imagine what it would be like but it would be like riots elsewhere. And if it does happened a second time, this govt must take full responsibility and there can be no excuses except a mass resignation.
We have peace, stability, security and progress for nearly 50 years. We have in our midst a horde of foreigners to the tune of more than a million, one third of our population. And when they are together, you think it is possible to control them? All it needs is a few trouble makers and our homes will be burning and there will be bodies on the streets. This is no pray pray rubbish. This can be real. Alarmist? How many would believe a riot like last Sunday could happen in this peaceful and prosperous city of graceful, polite and govt fearing citizens? An isolated incident?
You know how to write complacency? When the next hour of mayhem comes knocking at your door…. All it needs is a mischievous media to report some malicious news and you would not even know what hits you. That report by Sun TV could result in more deaths with Chinese being attacked on sight.
When nothing happens, you will call this alarmist. When something real bad happens, you will call this foresight, proactive and wisdom.
12/11/2013
Very racist and mischievous reporting by India’s TV media
‘Sun TV released a TV Tamil news about the Little India riot on Mon (9 Dec) at 7pm, saying that Indian foreign workers were attacked by Chinese Singaporeans. And that the person who died in the accident was pushed off from the bus by the female bus driver. (Can you believe that you can have this kind of lies being reported as truth? This is my comment.)
The news was later put on youtube – http://www.youtube.com/watch?v=Ql6gWTc_Dn4 and went viral on the Net instantly.
Currently, the video has been removed but not before netizens translated it:
’
The above is posted in TRE. See how mischievous and racist people can be to resort to this kind of contorted reporting and fabrication of the truth? This kind of reporting cannot be taken lightly and a small apology be accepted and case closed. The damage has been done and many would have their pea brains filled with hatred against Singapore and Chinese. Only racist and sly people would do such a thing to incite hatred and violence against the Chinese here. And it also has world wide consequences as racists would jump on it and may attack Chinese in other countries, notably in India where hatred for Chinese is quite severe. Just read their media and you will understand.
The Singapore govt must get to the bottom of this report, to find out who filed this, or is it a fabrication of Sun TV and its editorial stuff. And if there is really so much hatred for Chinese in India, the Singapore govt must review the CECA and its policies on recruiting more Indians into the island. If it is the work of an individual or a few individuals, they must be exposed.
Singaporean Chinese have so often been attacked erroneously as racists by racists in Singapore for things they have not done or have no intent of being racists. The Singapore govt needs to erase this anti Chinese thoughts among the slimy and racists disguising themselves as the innocents and using every false excuse to label the Chinese here as racists. This mischievous thought and line of thinking must not be swept under the carpet. We cannot become their silent victims.
Conduct a thorough investigation and flush out the culprits. Singaporean Chinese must stop being silly and allow others to put such a racist tag on them without resisting. If this is repeated long enough, the lie will be believed and the innocents and other races would believe that it is true.
How on earth would some fuckers file such a slanderous and insidious report to Sun TV and why the station was so happy and ready to put it on air? Daft Sinkies don’t even know that they have been sodomised. They don’t even know how they die. There is a conspiracy to tarnish the Chinese as very bad people, to put them on the defensive by this kind of wild attacks and misinformation. Be on your guard against such bigotry and lies.
Irresponsible news reporting from The Wall Street Journal - Asia
Singapore Riot Signals Foreign-Labor Strains
Hundreds of Workers From South Asia Protest Killing of Indian Man
This is the most irresponsible headline to come from The Wall Street Journal – Asia online on Dec 9. A drunk worker died in a traffic accident is not the same as the killing of an Indian man. How could such a reputable news media make such a sensational and irresponsible reporting? What is the intent of the media for reporting it this way? What is the govt going to do about this?
Hundreds of Workers From South Asia Protest Killing of Indian Man
This is the most irresponsible headline to come from The Wall Street Journal – Asia online on Dec 9. A drunk worker died in a traffic accident is not the same as the killing of an Indian man. How could such a reputable news media make such a sensational and irresponsible reporting? What is the intent of the media for reporting it this way? What is the govt going to do about this?
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