tag:blogger.com,1999:blog-37045477.post8210874602189618406..comments2023-10-15T21:42:27.426+08:00Comments on Philosophy Politics Economics: EPF Funds Must Not Be Politically Abused for "Social Welfare"Unknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-37045477.post-60714256352010943512012-02-03T23:19:46.028+08:002012-02-03T23:19:46.028+08:00It's guaranteed that this scheme will fail sin...It's guaranteed that this scheme will fail since money will be lent to those who are already in the category of being unable to service mortgage payments.<br /><br />What the lying PM Najib and Minister Raja Nong Chik mean is that EPF has over $400 Billion in funds and can afford to write off $1.5 billion.<br /><br />This mad hatters scheme must be stopped now!Donplaypuks®https://www.blogger.com/profile/14885751307558636916noreply@blogger.comtag:blogger.com,1999:blog-37045477.post-55463972469018584242012-02-03T16:10:17.176+08:002012-02-03T16:10:17.176+08:00And? What is a municipal guarantee worth in Msia e...And? What is a municipal guarantee worth in Msia even DBKL? LT municipal bonds are not really alternative investments like junk bonds..Funds usually actually just buy short-term muni bonds - liquid one at that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-18795164349275847112012-02-03T15:43:52.604+08:002012-02-03T15:43:52.604+08:00Turns out the lending is guaranteed by DBKL. Can D...Turns out the lending is guaranteed by DBKL. Can DBKL guarantee a loan? IF states and ministries are NOT allowed to guarantee a loan, how is it DBKL is allowed to?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-13961622661924948802012-02-03T09:28:20.102+08:002012-02-03T09:28:20.102+08:00Have you check if there is a govt guarantee to EPF...Have you check if there is a govt guarantee to EPF funding? This don't make any sense - who uses Pension fund to fund sub-prime mortgages? EVEN if the property are subsidized, all it means is there is a bit more equity in the mortagages. The credit is STILL sub-prime. Its insane..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-40902247648720347332012-02-03T09:02:09.967+08:002012-02-03T09:02:09.967+08:00It is only a sure sign that Malaysia has no more a...It is only a sure sign that Malaysia has no more avenues to borrow or use money from, so the only alternative is to use the endless flow of money from EPF.<br />I am so fortunate to have taken off my saving from EPF and I can only feel sorry for those who plan to make use of their savings for their old age. There would be much left in EPF except from the monthly contributions !charleskiwinoreply@blogger.com