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Thread: Passing the buck

  1. #1
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    Passing the buck

    The Star today reported that Perak is a now a “debt-free” state (clap clap?) after transferring RM999.2mil worth of water assets to the Federal Government's Pengurusan Aset Air Bhd (PAAB). Brilliant move? The MB Datuk Seri Dr Zambry Abdul Kadir said that with the transfer, the state's water liability, which was valued at RM999mil has now been cancelled....but is it gone?

    I dunno...I am no economist. Cancels Perak's liabilities but creates additional liabilities for others. Does it mean, it is now considered "gone"?
    Mastering modern technology is easy; even a Neanderthal can do it...” Besitai 2012

  2. #2
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    Gone for them but carried by all the other tax payers. Thats why we need to get rid of these mentally challenged people who are supposed to look after us, the country and our resources.

  3. #3
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    Quote Originally Posted by cml View Post
    Gone for them but carried by all the other tax payers. Thats why we need to get rid of these mentally challenged people who are supposed to look after us, the country and our resources.
    trying to polish the resume before the coming GE

  4. #4
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    Trying to cook the books by MSG artificial flavorings - Cepat D masak, Sedap D lihat.
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
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  5. #5
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    is this a joke ar another bail out of the great Msian Inc. only this time it's a State rather than a company. transfer the debt to a spv and then all of a sudden, walah they have a cool 992mil to spend
    “If your photographs aren’t good enough, you’re not close enough.” – Robert Capa

  6. #6
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    Somebody got to pay. That's you and I.
    " In the land of the blind the one-eyed-jack is king."

  7. #7
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    Quote Originally Posted by mick123 View Post
    is this a joke ar another bail out of the great Msian Inc. only this time it's a State rather than a company. transfer the debt to a spv and then all of a sudden, walah they have a cool 992mil to spend
    Yep, look at all those apanama privatasi promosi from TNB which we were shocked with rising bills while IPP goes wawawee.

    Amazingly while the buck was being passed, somehow, somewhere and someone get rich in between.
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
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