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Be thankful we lost your money!

They (residents) should thank the Town Council for working hard to come up with a diversified portfolio to generate income so that residents do not have to fork out more money.

Teo Ho Pin, Chairman, Holland-Bukit Panjang GRC

The Town Councils did not foresee the financial tsunami and its impact on complex structured products.

Teo Ser Luck, MP Pasir-Ris Punggol GRC

It's not just town councils, but individuals and corporations who have been hurt by this economic crisis.

Ho Geok Choo, MP, West Coast GRC

We have to be realistic. It's easier to say things with hindsight, but it's not so straightforward.

Zaqy Mohamad, MP of Hong Kah GRC