MM Lee shoots self in foot

His son was deafening silent when investors needed help pertaining to the High Notes fiasco. So the old man decided to speak up on the issue, hoping to make amends. Alas, he opened his mouth too fast and placed blame on investors, instead of handling the issue itself.

At least his son limited the self-damage by showing his lack of knowledge when he was silent. Old Man on the other hand shot himself in the foot. Why? Simple. Town Councils under PAP’s care have been seeing the same losses too.

Here’s the random shot by Old Man – “All you investors took the risk, so you better swallow the bitter pill that you have to pay for your consequences.”

In other words, don’t blame the banks, MAS or any other government regulatory body. They are not at fault, you are. So far so good. But then, what about the Town Council Funds?

The main crux of investors’ grouse is that they the banks have misrepresented the product as safe. MM Lee implies nothing was done by the banks that was unethical.

The problem with this argument is that if investors are “stupid” enough to get burnt, then hell, the Town Councillors, which include PAP MPs, as well as their staff, are “stupid” too.

That about kills all the arguments that PAP attract good leaders with good pay, doesn’t it?

MM Lee has lost it. He has lost it a long time ago. The last time he had any respect from Singaporeans was when he stepped down as PM and handed it over to GCT. Ever since, he has been seen to be meddling, fumbling and making nothing but goofs and mistakes.

So has MM Lee shot self in foot, implying that his PAP MPs and town councillors are as “stupid” as other investors? Is he implying that all the fat pay to attract the right talent has gone to waste?

At least his son was silent.

Which is worse? A silent PM who does nothing or a loudmouth MM who shoots self in foot?

Either way, this incident (as with so many others) shows that high pay does not necessarily mean high end leadership.