Just a no-brainer question. But apparantly, many people felt that the PAP government has to take the blame.
This is truly an amazing answer that I got from a friend who is a professional, in his 40s, drive a Benz and lives in a nice condo.
My friend cited the recent IPO of Hutchsion Port where he blamed the government and MAS for allowing this Company to IPO in Singapore "knowing that it will fall below IPO price"
"They (PAP and MAS) should be sacked for this for allowing investors to lose money"
Similarly, my good friend has just bought Sheng Siong at 49 cents - the same price that I sold mine. He now feels that if he lose money again, the government should investigate the market makers and the people handling the IPO.
I simply cannot believe that this comes from a mature Singapore adult.
