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12 Apr 2011, 8.32PM

4 comments & replies |by Guest | Learn and Earn

What did the Heng guy do when the DBS mini bonds saga exploded? MAS said investment into these
instruments is a personal decision, so pls deal with them yourself.
Unlike Hong Kong where the ministers get only about 1/3 of our ministers' pay, they managed to get 96% of the returns for their investors. When MAS was pressured to do more, what did they do. They
could only get Gerard Ee to be the mediator. Until now nobody knows how much they have helped to recover. So when the property prices were rising too rapidly, what did MBT do? He said wait and wait. Until the price were rising too fast, he then happy to introduce the cooling measures. Did it work? It will not work as liquidity is too great for the market to absorb for now. So if these 2 are to be banded together in Tampines GRC, I really dun know what will become of Spore. I really wonder whether opposition can ask the PAP to get all the ***** blood ministers to table what did they do to deserve this type of money.

Daniel Soh

2818 views | 4 comments & replies |

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Guest

14 Apr 2011, 1.25PM

Someone took swift action, not measured one.

(Master)

Neutral Party

15 Apr 2011, 10.03AM

I think some people need to understand what groupthink means.

Clearly MAS did not follow the Hong Kong example, which would have been groupthink if they did.

Am not stating whether MAS handled the issue correctly or not but seriously, the phrase "groupthink" needs to be used more appropriately.

Guest

18 Apr 2011, 11.36AM

Groupthink means no discussion, lah.It is a decision by one man or majority but no deliberation.

(Master)

Neutral Party

21 Apr 2011, 11.26AM

According to Merriam webster dictionary: Groupthink is a pattern of thought characterised by self-deception, forced manufacture of consent, and conformity to group values and ethics.

The group here can refer to central banks because that's what MAS is. Also, the characterisation of self deception or forced manufacture of consent would be strange as that assumes that Mr Heng had no power as head of MAS.

It is contradictory to blame the MAS head for the minibonds fiasco and yet claim it was a victim of groupthink.

Again, not saying that anyone is to blame or not to blame but merely questioning the appropriate use of English and logic.

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