“What are we in power for?”
A columnist from Business World railed at Sen. Noynoy Aquino for framing the election as a battle between good and evil.
“Obviously, Mr. Aquino and his well-heeled cohorts see themselves as representing the forces of good and want to stir us up to do battle against the evil represented by Mr. Manny Villar and his scruffy followers,” he ranted.
He missed the point. Evil is in the things men do, while Senator Aquino’s battle against evil pits honesty versus corruption, not personalities and social classes against one another.
Let’s see if we can tell the difference between honesty and corruption. (Quoted from the draft report of the Senate Committee of the Whole and former Rep. Joker Arroyo’s privilege speech.)
1. The draft report of the Senate Committee of the Whole stated that Senator Villar proposed the realignment of the C-5 road project so it would “pass through properties of his corporations, which in turn benefited from the use of such road, from the compensation for road right of way, and from the resultant economic development in and increased market value of the vicinity.”
Because of the road realignment and overpriced right-of-way compensation, Villar “made the Filipino suffer the total amount of P6.22 billion.”
Honesty or corruption?
2. “Low-cost housing is totally dependent on government agencies such as Pag-IBIG, National Home Mortgage Finance Corp. (NHMFC), Social Security System (SSS), Government Service Insurance System and other government financial institutions.
“Speaker Villar and the companies of which he is president or chairman, or where he has a controlling interest, are the biggest low-cost housing developers in the country.
“[Villar’s] companies were given financial accommodations by government banks or financial institutions, among them, Pag-IBIG and the NHMFC, during Speaker Villar’s term as representative from 1992 to 1998 to finance their business purposes.”
Honesty or corruption?
3. Villar passed measures “to make Pag-IBIG Fund contributions compulsory and to increase housing investments with the SSS.”
“Pag-IBIG is a main source of funding of Speaker Villar’s companies.”
Honesty or corruption?
4. Villar “incorporated in the landmark Comprehensive and Integrated Shelter Finance Act, Republic Act 7835, the recapitalization of the NHMFC, and the amendment to the Agri-Agra Law to include housing investment.”
It “mandates banks to extend to housing loans not utilized for agriculture and agrarian-reform credit. In other words, loanable funds for agriculture and agrarian credit are to be re-channeled to housing, Speaker Villar’s business.”
Honesty or corruption?
5. Villar co-authored House Bill 11005, which “increased the capital of the NHMFC” and is the main source of funding of Speaker Villar’s companies…. President Estrada admitted that the National Home Mortgage and Finance Corp. is at present bankrupt.… Increasing the capitalization of a bankrupt government financial institution benefited Representative Villar’s housing companies.”
Honesty or corruption?
6. “All lands covered by CARP [Comprehensive Agrarian Reform Program] cannot be used for residential, agricultural, industrial or other uses unless a clearance, conversion or exemption for a particular property is first issued by DAR [Department of Agrarian Reform].”
“Speaker Villar’s companies are developing or have developed 5,950 hectares or almost 60,000,000 square meters of CARP land into residential subdivisions without the appropriate DAR issuances that would authorize such lands to be used for residential purposes.”
Honesty or corruption?
7. “Manuela Corp. applied for and was granted a loan of P1 billion by the SSS…. Another P2-billion loan would be syndicated with another government financial institution, the GSIS. Total syndicated loan from the two GFIs: P3 billion.
“Manuela Corp., a housing and realty corporation, is owned by the family of the wife of Speaker Villar. An indirect financial accommodation.”
Honesty or corruption?
8. “Speaker Villar controls the Capitol Bank. Mrs. Villar is the chief executive officer. The Capitol Bank received loans, financial accommodations and guarantees from the Bangko Sentral ng Pilipinas from 1992 to 1998 while he was a representative.”
Honesty or corruption?
9. Villar, while serving in the House and later in the Senate, did not divest himself of his interests nor did he sever his connections with his companies.
His companies obtained financial accommodations and special deals from government agencies and financial institutions.
Honesty or corruption?
10. The Business World columnist wrote, “By dint of hard and unrelenting work and without special deals from the government, he [Villar] raised himself up from a Tondo slum and built a multibillion-peso business enterprise.”
True or false?
Popularity: 3% [?]
Fortunately, according to the latest Pulse Asia Survey, Manny Villar and Erap are statistically tied.
http://pulseasia.com.ph/pulseasia/story.asp?ID=702
It’s now also a battle between Erap and Villar.
Printing presses are jumping with joy.
nashman,
that survey is old, the new survey done January shows erap has gone down and villarroyo up
Oye! Villar — oyo como va?! Wanna buy car?! Your stock rose based on that survey that can be bought from Quiapo.
http://www.youtube.com/watch?v=gbeevZ1TvFc
What about giboyo? How did he do in the survey? Lower, right?
And Jambi-oyo? She a lost cause like Gord-onoYo.
Seriously, though, the real threat to Noy remains the large number of Noy NoYokoPa.
New survey by Pulse Asia?
I thought the ‘new’ one is only SWS.
Anyways, malakas pa rin ang ‘kutob’ ni Pichay that their machinery will deliver 25% command votes.
We have business interests and power being mixed. It is combined
to scam taxpayers money in the most secret way.
Why do you people believ in surveys?
because it’s SCIENTIFIC. (if taken by a reputable firm)…
it’s better than waving your hand and saying ‘the majority of people” without undertaking any maths…
a snapshot of the current mood.
in advanced democracies, polling is taken SERIOUSLY…they shape government policy and in many instances, a ‘mere’ poll can force unpopular leaders to resign.
The UK recently had a failed coup because the surveys showed the PM was so toxic to the public, backbenchers wanted to change leadership before the general elections. Fortunately, Brown is a consummate politician and survived.
Statistics are the basis of surveys. It is based on the: integrity of the data, the integrity of the people doing
the survey and the method of data gathering.
As far as the integrity of the people making the survey.
I have no confidence on them. Everything in the Philippines
can be bought. Including blog Sites. They can be manipulated
to favor any candidate who can pay.
Because it worked in Massachusetts.
MB,
Thank you for the recitation of Mr. Villar’s fine public service record. What a guy. And to take the time on television to sit with all those smiling innocent kids. Big heart, too, obviously.
Joe
..those smiling innocent kids…child exploitation?
Speculating again like his gay lover Manuel Buencamino. :-)
Misty,
There was girl who kept imagining naked men, sex with all sorts of men. I thought she was a hot chick, It turned out she was a gay trapped in a woman’s body.
Yeah, all those laws to build up mass housing? Explains why he’s visible in extricating marooned OFWs.
Consider that Manny Villar’s net worth, given that he already had many millions pre-Tongress, only truly went up with great magnitude and speed when he became congressman.
From 1998 to 2008, his net worth rose 300% if you believe his SALN which says he’s worth P1B.
Forbes magazine however, estimates he is worth $530M.
Either Villar is lying in his SALN and is a tax evader or Forbes is overestimating the value of his real estate (teka, diba mass housing mostly yun? the landowners should sell sell sell and get 300% ROI too)
you gotta do a second look and a second thought if a guy is donating megabucks..either its taxpayer’s money or drug money or not your money…oy pinoy gising (wake up!)!
That’s right Manuel Buencamino, keep speculating. That’s your forte. :-D That’s all you’ll ever be, a speculator who relies on hearsays. You are stupid and so is your candidate.
Hey Misty, you are also Stu…and so is your candidate..it’s not speculating..it’s more like insinuating..
or biased analysis…
misty,
the draft report of the Senate Committe of the Whole is available to the public. Read it and learn. The charges are fully documented. You stupid little cunt.
The draft report is biased like you noynoy supporters and care to explain why Villar has to pay 6.2 billion when the government still owes him? How the hell did they arrive at such amount? See, our senate is practically stupid. Tangina mo Buencamino!
victoria,
if you read the draft report you will see the breakdown of the P6.2B.
The government still owes him that’s why he inserted P200M in the 2008 budget so that the government will have the funds to pay for the remaining balance of the overpriced right of way payments for his properties
You must be misty.
Kaya nga e, sabi ng walang kwenta si Villar, noveau riche.
Wala ring kwenta si Noynoy na utusan ng mga oligarkiya, hasyendero, at ng makati big business.
Panay kayo angal kung bakit kulelat ang Pilipinas, eh di pumili kayo ng matino.
Kay Gordon na. Genuine Integrity (not imaginary) and proven performance (not imaginary).
pwedeng pwede rin si Perlas.
HOY GISING! :p
yey! problema kay gordon ay arroyoism…Perlas na lang (kaso siguradong talo!)..wawa naman tayo…
From your replies, RavI, it seems to me that you will vote for anyone who is not connected to Gloria. I think Noynoy’s more hateable than Gloria. At least when Gloria claimed as an economist in practice, it is based on facts but Noynoy? An economist? WTF.
Misty,
Gloria has an economics degree and it is unfortunate that she practiced on us.
Gordon for mayor of Olongapo!
At least Gordon has done a whole lot better than Noynoy whose clan reigned the Tarlac Province.
victoria,
that’s why Gordon should run for mayor of olongapo. he should do what he is good at.
Lily Reyes, former president of Capitol Bank, and one of the top aides of Manny Villar, sits in the Board of Trustees of PAG-IBIG
Misty,
Si GMA nagnakaw noon maging presidente. Si Villar kandidato pa lang nag cash advance na!!!!
And your proof that nagnakaw si GMA would be? You know Mr. Buencamino, one should research before making such statements. One should not solely base his/her assumptions on hearsays.
Ms Alvarez,
I am not assuming. She has a record.
When she was a senator she was already doing petty theft. Ask senate committee staff how she would bill for food that was never served in committee meetings and hearings.
Well the number one rule of thieves is no amount is too small to steal.
When she ran for VP her SALN did not include conjugal properties in the US. Her brother in law had to be produced so he could claim true ownership of the undeclared properties.
You heard the testimony in ZTE NBN deal. She would have been a complete idiot if she was completely unaware of what Abalos and company were doing