Citigroup Drop to $3.9; GIC LOST Billions!!!

[soikee]

According to my business advisor based in NY, Citi may go under.

Indian CEO Pandit will be asked to step down soon.

Folks in US who have deposits/accounts with Citi bank are pulling out since Citi share price collapsed below 5 bucks.

I advise all fellow forum members to close your accounts and withdraw your deposits from your local Citi bank asap.

 

[newyorker88]

I estimate that Temasek/GIC have lost more than $50B of value until now.

You sure 50B only? What about UNDECLARED? Or some money lost unknow? Afterall, you know anyone who audit LKY pockets?

 

[soikee]

The fucking indian was set up to be punked. USA is very racist and white supremist. This Citibank affair was a white house crafted affair to clean up the pyramid trading going on for years. It is a carthasis where all debts to all foreign players get absolved - wealth destruction. Americans play to win. Everyone else gets fucked.

I beg to disagree. If USA is as what you describe, then how come Barack Hussein Obama can be elected to be our 44th President by an overwhelming majority?

 

[The_Latest_H]

I beg to disagree. If USA is as what you describe, then how come Barack Hussein Obama can be elected to be our 44th President by an overwhelming majority?

Didn't I say that there's still a number of Asians in Asia who continue to view things through a racial spectrum?

 

[Goh Meng Seng]

LOL. Good turn of word.

LOL! Judge, I also think so. "Long Term becomes Wrong Term! " LOL! I should use this if I have a chance to walk on to GE rally stage!

Goh Meng Seng

 

[makapaaa]

This is how the Sillipore gahmen works. Lose Billions $$$$ just kept quiet. Earn a few $$$$$ then make a big hooooo haaaa. sigh....

Lagi worse - loss is charged to Sporns while gain is accrued to the Familee's account?

 

[borom]

Citibank at one time was so powerful that it used to go around teaching other banks what to do. Many if not most of our senior bankers today "grew up" attending Citibank Courses or were Citibank Alumni (x-citibankers).

Wonder what's the future of those banks still managed by x-citibankers as the citibank model is now a failure.

Next time you invest money in/through a bank you should perhaps ask for the background of the RM or his Dept/Division Head-were they formerly from Citi, Merrill Lynch, ect2.

 

[Satan]

prephare for more "GST rise to help poor".

And not to mention pay hikes of another 33% to the ministars to come up with this idea.

 

[Satan]

Citibank at one time was so powerful that it used to go around teaching other banks what to do. Many if not most of our senior bankers today "grew up" attending Citibank Courses or were Citibank Alumni (x-citibankers).

Wonder what's the future of those banks still managed by x-citibankers as the citibank model is now a failure.

Next time you invest money in/through a bank you should perhaps ask for the background of the RM or his Dept/Division Head-were they formerly from Citi, Merrill Lynch, ect2.

I was going to invest some money in Citibank but the paper work and 100 points ID check etc took a bit of time and also because I was busy, the matter kept getting delayed. Now, I'm thankful that I did not invest my money in Citibank and have chosen Commonwealth bank investment scheme instead.

 

[tommyh]

I have heard figures of US$400B for Singapore SWFs.

Buffet is down 50% and he bought Goldman 1 year after GIC/Temasek bought Citibank, UBS, ML, SCB, Barclays. So our losses are a whole lot more. We hold lots of real estate and these are mainly grade A offices buildings in major cities usually rented to people like ML, Lehman brothers, Citibank .....

I would not be surprised if Singapore SWF is down at least 50% (lets say we are as good as Buffet - but then remember that he entered the market 1 year after we did) which means a $200B loss. In fact I would not be surprised if our portfolio is down 65% (after all we have a habit of seeing our investments go into bankruptcy - Shin Corp, ABC Learning, ML less than 6 months after we buy them).

SO a 65% decline for $400B is $260B drop!

Of course this is pure speculation, coffee shop talk and I might be wrong.

You sure 50B only? What about UNDECLARED? Or some money lost unknow? Afterall, you know anyone who audit LKY pockets?

 

[suteerak1099]

GIC now abbreviates Goondoos Investments Conned