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Dec 1, 2008

This is rich.


Chinese Nationalist Party (KMT) Chairman Wu Poh-hsiung (吳伯雄) yesterday said all KMT assets had been acquired legally, but added that the party must divest itself of them “within a short period of time.”

Speaking at the party’s Central Evaluation Committee meeting, Wu said that no KMT assets had been obtained illegally because if the KMT had any illegal assets, the former Democratic Progressive Party (DPP) administration would have confiscated them...

While the party had a net value of NT$20 billion (US$625 million) last year, Wu said that figure had dwindled to NT$10 billion. If the party rid itself of all its assets, Wu said, the money would go to party employee pensions, severance payments and utility bills. If there were any money left, it would be donated to civic agencies and disadvantaged groups, he said.

While the party used to have more than 4,700 full-time employees, Wu said the number had been cut to 900.
Yes, please pay no attention to the frequent and fruitless DPP efforts to confiscate the assets. And ignore the fact that the legislature was a huge obstacle to accomplishing that goal.

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