In all due fairness, it is easy to put the blame on LKY and his family. Let’s not forget when LKY take over, our country reserve was only at 100 Million compared to now, which is thousand times more over 44 years. If you are a venture capitalist or an entrepreneur, you would understand that’s a tremendous feat that few can achieve!

Yes, no govt policy is perfect and personally, I am also a victim of some of its policies derived from the "elitist" mindset whereby quite a substantial part of my retirement fund in CPF had virtually been wiped out.

I would suggest that Nasa Singapore focus on advocating institutional and policy changes instead of personal attacks on the Lee’s family. At such unusual times, most including top experts like Warren Buffett made mistakes. Despite mistakes made, overall we still owe it to LKY and his team for what we are today. Else it would be unimaginable to see how we going to face this crisis, unprecedented since our independence, if not since the Great Depression in 1930s

Nevertheless, the present crisis further unveils the shortfall and weakness of our institutions and long-held assumptions. My concern is: What have we learnt from it? And what is in next to strengthen ourselves for the future… Other than the tactical response to the crisis, I have not seen any fundamental changes in the institutional process yet. There is little challenge and debate by the President and his advisory councils on Govt initiated Stimulus Plan. Is the Stimulus Plan so perfect that there isn’t any single flaw, especially when it was drawn out in such short period of time in respond to the crisis? Financial budget figures are not even updated for parliamentary debate until singled out by one of the opposition MP. The parliament has lack its bite to check on the government, making the ministers and govt bureaucracy job easier.

Maybe be the govt and leaders should be more thick-skinned to accept challenge and open debate. I am not expecting the ruling party to encourage a credible, constructive opposition, but at least for the sake of the country, with the upper hand on their side, they should not discourage it either with changes on the election rules.

When this Crisis dies down, I hope to see more liberalisation in our political scene such as the demolishment of GRC fortress to single constituency electorate ward to permit better democratic participation. With a better-educated and more globally-informed electorate, it is time for such change to empower the people than having them rely on a paternalistic government. This would also to give the Parliament the bite to check on our government policy and its implementation which has been more positively PR-orientated and resulted in increasing cynicism from the public.

Singapore political development is like reaching its puberty stage, with a more defiance citizens or rude rebellious teenagers as can be witness over the internet. Soon the people will grow up and be adults. I hope in my life time, I would be able to see it reaches the institutional maturity akin to the US political and civil values and ideals as witness in the Obama era.

Singapore State Controlled Media which includes this Stonline and straits times print and media papers have blacken out yesterday's news on worst GIC loss of more than SGD$50 Billion and GIC in the red. Simply tells what the government does not want to share with the public but the Straits Times media playing yes man to public important news blackout is shameful and proves GIC chariman and despot Lee Kuan Yew and family controlling Singapore Media.
With Temasek loss of more than 56 Billion dollars and GIC another 50 Billion , the lee family with Ho Ching have wiped out Singapore's reserves and got away scott free unscattered under the protection of the PAp government- not anwsering to anyone and above all laws. One wonder if any of our CPF is still left or completely wiped out.
This is shameful as is means about 9% of the 4.6 Billions they took of the reserves, they have lost 41% more via GIC.
If Yes Man President and Lee Kuan Yew family's "Mr ATM machine" appointed, President nathan by going against his own pay cheque of est SGD 1 Million means 12 Million only Vs 50 billion lost by Me Lee Kuan Yew's GIC and 56 Billion lost by his daughter in law Or maybe more (they actually never mention how much lost in Mardoff scandol-did they).
They should be fired and held accountable for like in the states where bank bosses are grilled and investigated. Not avoiding the rebuke-Shameful.
Lee Kuan Yew should be fired from GIC and his Mentor title stripped as he has only done well for himself and burnt our money. While Singaporeans are struggling, these despots are trying to build their own reserves and future political power at our expense and worst planning to call early elections to stay in power as next 2 years will be worst for them.