It seems that SINkingporeans who can be considered a very educated society, never ask Intelligent questions or field intelligent ones to the MIW's; including the oppositions.
In any business, there are profits & loss; one knows that, one cannot make profits all the time.
But many of their investments are in high risks, convertibles financial instruments.
If they had bought for example, UBS gilt edged shares, it falls, you have a paper loss; to break even, one may buy the shares at a lower price, assuming that the initial purchse is high.
They can hold on to the shares at a paper loss, and when it break even, sell, you get back the pricncipal sum, maybe some losses; or when it rises a small profit.
But, what they did was to buy those bonds, warrants, convertible instruments...these are gambling!...
Of course, even the old uneducated man or woman hangng around the void decks, knows in business there are losses or gains.
They also know that, you buy high & sell low...you loose money.
The question is, did GIC & Temasek, tapped funds from Central Provident funds; or they get funds from Ministry of FInance?
These are the questions, we must ask!