The poor, EPF and the dummies in Pakatan Rakyat

The Kuala Lumpur Chronicle Friday, February 24, 2012

The Kuala Lumpur Chronicle

The statement by Tony Pua that this scheme would result in a sub prime crisis is totally rubbish.

There have been a lot of accusations and lies by the opposition regarding this scheme as they know that the implementation of this program would help thousands of low income earners in the city to own assets. This in turn would result in the opposition losing thousands of votes in the coming GE.

The statement by Tony Pua that this scheme would result in a sub prime crisis is totally rubbish.The Malaysian property market is worth RM 260 billion and the loan given to the poor is only RM 1.5 Billion. This only constitutes 0.5% of the total housing loan in Malaysia!

Nurul Izzah's statement that the lending rate should be reduced to 2% percent shows that she is a hypocrite. At first when the scheme was announced, she, together with Tony Pua said that loans should not be given to the poor, and now she want's it at 2%. Flip flop?

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