I made the following posts on Facebook at midnight on Friday. I have now decided to put the posts up on my blog to answer some online comments I am […]
The judgement in my appeal against the IMF Loan Commitment confirmed what has long been apparent: that the government is to all intents and purposes above the law. Furthermore, the […]
Presidential Candidate voices out on IMF loan appeal and pledges $1000!
A thought experiment imagining that the government is a bank (or more accurately a long only hedge fund). This is not far-fetched given the highly leveraged balance sheet shown in the annual Statement of Assets and Liabilities.
How the MOF breached Article 144 of the Constitution in January 2012 by issuing a promissory note to theIDA without Presidential approval as reported in the end of the year audit for 2011/2012 by the AGO.
Yesterday I wrote about the PAP government’s willingness to bail out the Eurozone with generous contributions to the IMF’s lending facility (http://sonofadud.com/2012/04/25/659/). Yet a US$4 billion loan (which represents more […]