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**doctorzlo** · 07-07-2012, 10:15 AM

Well, let's look at this issue in perspective. If there is really a rogue govt and it started to give loans to some fishy institutions owned by the families of the politicians, there will not be any checks and balances applied. The money can just be squandered off.

Goh Meng Seng

I fail to see the issue. This is simply a loan, not a grant or gift. If the loan is actually drawn upon then S'pore stands to earn significant interest.

07-07-2012, 10:15 AM	#7
doctorzlo Join Date Jun 2006 Posts 4,488 Senior Member	Well, let's look at this issue in perspective. If there is really a rogue govt and it started to give loans to some fishy institutions owned by the families of the politicians, there will not be any checks and balances applied. The money can just be squandered off. Goh Meng Seng I fail to see the issue. This is simply a loan, not a grant or gift. If the loan is actually drawn upon then S'pore stands to earn significant interest.
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