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09-02-2015, 01:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Reposted from SGTalk
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This is very interesting, i saw on another forum, the poster writes as below
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The people working in TH should be smacked in the face as they are remarkably stupid.
You CPF funds is borrowed to MAS which then sends it to GIC/Temasek
So when they increase the minimum sum or delay the payment of your CPF (by changing the original rules), its called a Technical Default
They think the rating agencies will never see through the smoke screen, once S&P downgrades the rest will follow
Source: http://forums.$$$$$$$$$$$$.com.sg/ea...p-4961954.html (http://forums.$$$$$$$$$$$$.com.sg/eat-drink-man-woman-16/hosay-liao-temasek-may-lose-aaa-status-s-p-4961954.html)
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I think i starting to understand why S&P want to dowgrade Temasek, the reasoning is that by delaying the original promise to withdraw the CPF at 55 yrs old is considered a default on the promises of the country, hence the downgrade.
Anyone got thoughts on this issue??
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?200101-Increase-In-Minimum-Sum-Is-A-Technical-Default&goto=newpost).
Reposted from SGTalk
******************
This is very interesting, i saw on another forum, the poster writes as below
---------------------------------------------------------------
The people working in TH should be smacked in the face as they are remarkably stupid.
You CPF funds is borrowed to MAS which then sends it to GIC/Temasek
So when they increase the minimum sum or delay the payment of your CPF (by changing the original rules), its called a Technical Default
They think the rating agencies will never see through the smoke screen, once S&P downgrades the rest will follow
Source: http://forums.$$$$$$$$$$$$.com.sg/ea...p-4961954.html (http://forums.$$$$$$$$$$$$.com.sg/eat-drink-man-woman-16/hosay-liao-temasek-may-lose-aaa-status-s-p-4961954.html)
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I think i starting to understand why S&P want to dowgrade Temasek, the reasoning is that by delaying the original promise to withdraw the CPF at 55 yrs old is considered a default on the promises of the country, hence the downgrade.
Anyone got thoughts on this issue??
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?200101-Increase-In-Minimum-Sum-Is-A-Technical-Default&goto=newpost).