Because the old one is full of crap

The Senate and Lower House investigations into the controversy involving Pag-IBIG Fund and real estate company Globe Asiatique has so far failed to clarify what really happened to the money that over a million employees have been contributing to for more than 25 years.

Initially, the investigation in the Senate and the Lower House seemed to focus on whether or not ghost Pag-IBIG accounts were really created by Globe Asiatique.  However, as the investigation progressed, Senator Cerge Osmena seemed more interested in embarrassing former Vice President and HUDCC Chairman Noli De Castro with pointed questions about his relationship with Undersecretary Lucille Ortile — the former HUDCC Secretary General.

Repeatedly, Osmena asked De Castro, “So, she is your number 2? She is your number 2?”

And the rest of the senate investigation went the way of a public scourging, with officers of the fund being portrayed as inutile and stupid for having entered into an Memorandum of Agreement with Globe Asiatique.

So far Philippine legislators in both the Upper and Lower Chambers of congress have failed dismally to answer the question that Pag-IBIG Fund contributors are asking, ARE MY PAG-IBIG CONTRIBUTIONS SAFE?