Friday, June 22, 2018

TRX Spinning by LGE

Just to proof that TRX deal was made with the best interest to the nation..

"According to the agreement, they have to pay within a certain period and give us an additional RM100mil. If they pay us a year later, they will give RM200mil. If they pay after that, the whole building will belong to the Finance Ministry.

“I think we should look at the agreement. We are bound by the agreement,” Lim told reporters at a special media briefing on TRX yesterday"

LGE blunders big time on this.  TRX already belongs to MOF.  Its like a father claims that his son steal money from him to pay off his monthly car installment.  Do we call that bail-out ka?

Read more at https://www.thestar.com.my/news/nation/2018/06/22/govt-may-own-skyscraper-if-indonesian-firm-cant-live-up-to-bargain/#RGOIYcI1JAL2ixXf.99

Thursday, June 14, 2018

Aiyoo.. why give stupid example.

Guan give example also stupid one.  Experts also said debt not 1 trillion, just admit it so that you dont sound any stupidier. 

"For example, you borrow money to buy a house but at the same time, you become a guarantor to your friend who has also taken out a loan to buy a house. If your friend can’t pay that loan then you have to not only pay your loan but your friend’s as well,” LGE said."

If you just a guarantor, everybody knows that you do not need to pay the loan until the actual borrower defaulted the loan right?

And right now the loans are not defaulted yet right? Aiyoo Guan Eng.. malu la Malaysia ada Finance Minister like this.

Source :
https://www.msn.com/en-my/news/national/stop-denying-truth-on-rm1-trillion-debt-guan-eng-tells-najib/ar-AAyBdTk?li=BBr8Hnu