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Insider trading? Just wondering what the definition of this is because from what I read, R Ongpin started buying Philex shares in 2007 before finally accumulating a large enough block to sell it in November 2009. That's a very long holding period and the cost of money will certainly be no small sum since I also read in the newspaper that he borrowed from several banks to acquire these shares, DBP being just one of them.

 

For those who are criticizing R Ongpin now and claiming he made an obscene profit in this sale, I would like to ask if they would have the guts to take out such large loans over such a long period of time. It's really speculative and all I can say is that I admire the guy because he really trusted his own instinct and was willing to put his money where his mouth was. After all, isn't this kind of spirit the core of entrepreneurship? So we are now going to give the message that we will punish entrepreneurs?

 

 

Ask Enrile and other senators why are they requiring Ongpin to appear in a Senate Investigation. Ongpin clearly committed economic sabotage based on our 1987 Constitution. How come he was able to make a loan of 600 million pesos for a collateral of less than 100 thousand? Just follow the ongoing Senate Investigation with R Ongpin as the person being investigated himself.

 

DBP/The Government should have been the one earning close to 300 million pesos by selling DBP shares in Philex directly to MVP. That amount went to the pocket of Ongpin instead. Corruption as its worst!

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Who the devil will serve a warrant of arrest to those hoodlums when no government agent or official can set foot on those areas?

 

nagpapalusot pa si budoy aquino III.

alam nyang unpopular (lalo na sa military) yung "no all-out war" policy nya kaya nagbago isip, tinawag lang na "all-out justice" :lol:

Edited by lomex32
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Dear pres. Pnoy:

 

Pls run after R. Ongpin and other corrupt DBP officials for economic sabotage. Support the Senate that is investigating them.

 

 

can you please explain to me your understanding of economic sabotage, and how ongpin, et. al. committed it? what law was violated? thanks

Edited by jopoc
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dear Noynoy,

 

I like your style...like your mom, you have patience, understanding and a grasp of what the filipinos' wants and needs are...

like your dad, you can play politics, which is a must in an effective governance...

 

but what i like the most in you is how you have made it your passion to run after the crooks

who had made this beautiful and rich country a basketcase...

go after them ! and don't waver...

 

like every other member of the 'masa', i want these crooks to know that crime does not pay...

that the taxes i pay are meant for the much needed services to the filipino people

and not the pockets of the few, the rich and the powerful...

you will and are bound to make a few wrong decisions, but that's alright...

(as compared to the unelected gloria who did not do anything right)...

 

stay the course...

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nagpapalusot pa si budoy aquino III.

alam nyang unpopular (lalo na sa military) yung "no all-out war" policy nya kaya nagbago isip, tinawag lang na "all-out justice" :lol:

 

Pareng Jops, mahirap talagang magdeklara ng all-out war sa MILF, imagine, hinabol habol mo sa Tokyo para kausapin, nagbigay ka pa ng P5Million tapos bigla mong gegerahin? para mo na ring inamin na nakant*t ka sa pw*t!

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Noy, sobra naman ang bait mo sa MILF, binigyan mo pa ng PHP 5M para sa kanilang training center ... buti sana kung binigay mo na lang sa taong nangangailangan, tulad ng mga scholarship grant sa mga estudyanteng mahihirap, hindi iyong pang-suhol sa MILF ... marami ng napatay ang MILF na sundalo ng Pilipinas pero galante ka pagdating sa MILF at binigyan mo pa sila ng "training" salary

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Noy,

 

Huwag mong pansinin ang mga bumabatikos sa iyo. Inggit lang sila. Ituloy mo ang ginagawa mo o ang hindi mo ginagawa. Kahit mawala ka sa panahong may krisis, kahit magbigay ka ng 5 milyon sa MILF, kahit bumagal ang paglago ng ekonomiya ng bansa, kahit mabagal ka magdesisisyon, kahit pa maglaro ka nang maglaro ng PSP, patuloy pa ring tataas ang popularidad mo. Anak ka nina Cory at Ninoy. Patuloy kang papalakpakan ng mga tagatangkilik mo. Hindi mawawala ang kinang mo, ang bango mo sa mga ubmoto sa iyo.

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