As usual LKY change the goal post to suit himself

GIC investments in Citi and UBS are sustaining a paper lost of
about a third of their value. I have no doubt the decision on such
massive investments were made by Lee Kuan Yew personally.
To deflect Singaporeans from focusing on and criticising the GIC
for making such a bad decision in timing and market judgement,
LKY now publicly committed to hold these investments for up
to 30 years. This man will do anything to ensure that he defeats his
critics. However, he may be able to confuse and manipulate the
minds of older and more obedient Singaporeans, but he will fail with
this internet savy younger generations. With easy access to instant
informations and analysis, they will see thru the deception of Lee
Kuan Yew.
What good will his commitment to hold these investments for
30 years brings to Singaporeans ? NOTHING. These are the
implications:
1.He is implying that he or his pap will remain in power for
another 30 years. Singaporeans what have u done to allow this
old man to take you for granted ?
2. He is assuming that Citi and UBS will be around for another 30
years.
3. He is locking up these Singaporeans wealth for 30 years while
Singaporeans are now struggling.

I will like to remind Singaporeans that when LKY was caught taking
massive property discounts in a red hot property market from Ong
Beng Seng's developments at Nassim Jade and Scotts 28, he did
state in Parliament that the apartment in Nassim Jade was for him to
live out his old age. He recounted his own father's problem with the
stairs in his own house. We now know that he is 84 and still living
in his old house in Oxley Rise. He has also sold off his apartment in
Nassim Jade. This man is full of deceptive tricks.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aGSqHSr.EHjw&refer=home


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