Transparency and accountability, or the lack of it – MRT hairline cracks incident

“As sound as Mr Tharman Shanmugaratnam saying that the govt cannot disclose why Charles Goodyear left Temasek even though “there is public interest”.

As sound as how Ho Ching’s salary cannot be revealed (when even the Prime Minister’s can).

As sound as how Lawrence Wong said the govt cannot release secret Cabinet Papers from 50 years ago because “it will not lead to good governance”.

As sound as how PAP town councils did not disclose investments in toxic financial products until Lehman Brothers collapsed; or how the PAP did not disclose it owned a private company to which PAP town councils sold an entire computer system they had created with residents’ money.

As sound as the SMRT itself using cable ties to secure the “claws”, or metal grips, which had become dislodged on the tracks. A fact which only came to light during an investigation.”

read more @ “What Khaw Boon Wan said is reasonable” and #ownselfcheckownself

 “Even government can sometimes make dubious investment decisions. The most infamous example is the fiasco concerning eight town councils run by People’s Action Party (PAP) which had $16 million invested in the various Lehman Brothers-linked products. Many analysts were shocked and disturbed that town councils had invested in such structured product using tax payer’s fund. After all, the mandate of town council is different from sovereign wealth funds like Temasek Holding.”- source

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My favourite quote today

"I am afraid the cruise ship is over capacity limit, and it used to be a luxury cruise ship. The designer’s claim that it is not sinkable, the name is Titanic. There are not enough life boats, no preparation or provision for failure. Thank you Mr Goh for reminding us." - Low Thia Khiang

"Till today, I am still puzzled by why the PAP cannot fight a fair election without gerrymandering, abusing the GRC system, basically, making sure they enter into a boxing ring with an opponent who is expected to fight them with hands tied behind the back. There is a reason why bullies are not popular in schools. Why not be the school prefect?" - Alvinology

"The question to ask is what lies at the root of the discontent or the disengagement between the G and the people. I am going to stick my neck out and say that it is ministerial salaries. I consider it the root of all evil. Serious. It reduces what should be a social compact into a business contract. " - Bertha Henson