Mayor Osmena exposed about GSIS lost billions of pesos by investing thru Lehman Broth

[LytSlpr]

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The Cebu City Gov't is cash-strapped as a consequence of its pursuing the SRP. A big chunk of the city’s budget goes to amortization for its huge loan w/ a foreign bank such that basic services have been affected. Yet, Mayor Osmeña can still afford to dangle P600 million to the barangay captains of the city’s south district just to bolster his candidacy for congressman.

I don't even think that's moral and decent. I don’t even think morality or decency is in his vocabulary. In case you didn't know, even if all the money is spent w/o kickbacks, using City Hall funds to shore up his candidacy already has legal and moral implications.

Let's just say he is already counting the chicks (SRP) before they hatch and takes full responsibility of using the 600M as long as he will not increase taxes. I think that is why he is going after hospitals and schools not paying the right taxes. Let's say he is playing politics on this one, at least he has the decency to take accountability for it, UNLIKE THE PROVINCE.

Just so add another topic para labhan ang Garcias? Bsan tanawn pa ang thread title, gihimo na ug guilty ang tawo. The Big Lie approach...Don't get me wrong. I am just seeing it as it is...in fact, what Tomas said about GSIS-Lehman cannot even be considered a fact. It is plain GOSSIP.

What do you expect? In the Philippines, anything negative hurled against a politician is always gossip.

Do you think Tomas will expose this even without anything on paper just to spite Gwen? People in this level know what they know and have their sources, this is a serious allegation. If the Garcias doesn't think this is true, then let them sue Tomas. But I bet they won't, kay magka bonbon unya ilang nawong. Ngano man? Because they know IT IS TRUE kung magbinukinga'y na.

Personal credibility-wise and from personal experience in dealing with both of them, I find Tomas more credible than Gwen. Mas na'ay aksyon, si Gwen puro ra satsat ug photo-ops.

[peewee_toot]

depends on what you believe. If you believe harap harapan nangurakot sa CICC ug Balili lots, then it is your call.

If you believe harap harapan nangurakot sa towing, SRP ug FLI deal, same thing.

It's all about belief. Politics is a game of influencing belief.

Even about the lamp post controversy, you can believe if Radaza is guilty or not. Some people don't believe he's guilty so they voted for him again to office...even if verifiable facts on the case are zeroing in on him.

now back to the topic, whom are you gonna believe in? Tomas saying GSIS invested in Lehman brothers or otherwise?

that's philippine politics. it doesnt necessary follow nga if cya ang nka daog sa election ky cya jd ang deserving. der r lots of factors... esp kng naa ky gahum og kwarta. diba?



at least if imo i-compare si tomas and gwen...

-mas maka kita ka nga ni usbong ang siyudad kaysa sa probinsya.
-mas daghan og nindot nga projects c tomas compared sa kang gwen.
-mas daghan mka benefit sa mga projects ni tomas kysa sa kang gwen.

**ang labaw ra intawn ni gwen ni tomas noh ky...
-if kurakot c tomas, mas kurakot c gwen.
-if patagong nangawat c tomas, harap2xang nangawat c gwen.

[higanstolsdawen]

dili ra man si tomas ang namasangil nga nag invest ang gsis sa lehman, hasta man mga grupo sa mga maestra.

Sun.Star Network Online - GSIS, SSS urged to disclose Lehman investment

Business Mirror - A broader look at today's business - Headlines

[cmac]

Business Mirror - A broader look at today's business - Headlines

"In contrast, GSIS trumpeted last year a global investment program (GIP) that would invest $1 billion of members’ money overseas. Demand to account for the status of this program rose this week amid reports that the pension fund’s money was invested in Lehman Brothers and American International Group (AIG), two of Wall Street’s fallen giants."

Outrage. That's what I feel right now. Even if half ra na invest, that $500-$h!t-Million(pardon my language). Gi invest pagyud nila sa gawas. Why not invest it here in the Philippines at least we know what's happening or ni sulod rapud balik sa mga bursa sa mga pinoy.

Bang-Bang-Boom!!! That's what I wanna hear when I see Winston on the news.
I'll never be able to make even 1/1000th of the amount in my entire lifetime even if I work hard.

[LytSlpr]

**ang labaw ra intawn ni gwen ni tomas noh ky...
-if kurakot c tomas, mas kurakot c gwen.
-if patagong nangawat c tomas, harap2xang nangawat c gwen.

basic logic, mao gyud na akong view sa sitwasyon.

puro man na sila nakakwarta, molunod-patay ba di'ay na sila ug daog ug eleksyon kung di pa sila makakwarta sa projects. galing lang kay Gwen nga projects kung dili bati, palpak. Garapalan na kaayo ug style ba, gibogo-an na lang gyud siya sa mga sugbuanon sa prabens.

mao lang na-ahat ug menopause si Gwen kay nagka-bangga sila ni Tomas. ngano man? kay kasagaran kung dili tanan interest sa kapitolyo, naa man sa cebu city mao na nag bangga ang mga hawod.

pero kung ako'y papili-on, adto na lang ko sa hawod nga naa ta'y nakita kaysa high-tide low tide trying hard beauty queen.

[peewee_toot]

pero kung ako'y papili-on, adto na lang ko sa hawod nga naa ta'y nakita kaysa high-tide low tide trying hard beauty queen.

count me in bro. at least naay makita nga progress sa kang tomas, eh, kang gwen kha?

[dcr15]

count me in bro. at least naay makita nga progress sa kang tomas, eh, kang gwen kha?

naa agi si gwen. iya sabak sabak sugbo.

renovation sa kitchen sa jail.

iya agi, naa sa mga kadalanan karon. nakatiwangwang. mga lamp post.

[jahjahjah]

pagkapait ui..naningkamot tawn ang mga teachers and other employees para iyawat naay pension inig retire....gihurot naman hinuon nla... grabeha nasad anang mga pulitiko ui, wa na man lang nakonsensiya sa pagkawat...bisag gamyan2 lang unta ang ikurakot ug naa lang untay nindot nga project nga mahimo...

[gikapoy]

naka daut.. i pasangil pa jud sa IBM ang problema
dili nalang mo ingon nga wala nai kwarta

[raski]

Giddyboy likes to pretend that we have no right to criticize Gwen unless we have solid proof and unless she has been convicted in a court of law. He forgets the fact that some of us might actually know Gwen better than him. Since he consistently denies that he has any links to the Garcias, then we might presume that he knows absolutely nothing about them and if we consider that some forumers here might be close enough to Gwen either through personal business dealings or because they know somebody very close to her, then he has already lost the credibility war.

So it's a catch-22 situation for Giddyboy. On the one hand, he could never admit that he is connected to the Garcias, and that he is on their payroll as that would automatically solidify the already strong suspicion that he is a pro-Garcia lackey with no credibility on this thread. In essence, it will be the final nail in the coffin of the thing called Giddyboy's reputation. On the other hand, since he denies any links to the Garcias, he has no first-hand knowledge at all regarding their activities and reputation as a family, something which a lot of forumers who belong to that social circle would have more direct knowledge of, and hence are better positioned to comment on any corruption allegations than he could.

Summary: He loses, we win.