How Blackstone cheated GIC of USD$675 million in 4 years

[Seee3]

Majority of Singaporeans will want change provided there is an alternative, a plan B. Like WP is a alternative. So if we think HC and Temasek is ripping us off, who else should do this??

When I was young, I shared the same belief i.e. nobody is better than them I think they got carried away and thought that it is true and let mp run town councils. They thought that opposition ward would be in a dilapidated state as they don't have the ability to maintain their estates. They were proven wrong. In fact the opposition wards are better managed if they compete on equal financial support provided.

A number of unknown Singaporeans have made it big through investments. These are the ones who become millionaires by 30. However, non of them is an mp. Till they know how to coerce these real talents to join them, they are forever stuck with the wayang kings. Yes, you will say that this is generalized motherhood statement without names. However, I assure you that they have been approached but declined - not because they don't wish to serve but more because they don't wish to serve in the present manner.

 

[enterprise2]

When I was young, I shared the same belief i.e. nobody is better than them I think they got carried away and thought that it is true and let mp run town councils. They thought that opposition ward would be in a dilapidated state as they don't have the ability to maintain their estates. They were proven wrong. In fact the opposition wards are better managed if they compete on equal financial support provided.

A number of unknown Singaporeans have made it big through investments. These are the ones who become millionaires by 30. However, non of them is an mp. Till they know how to coerce these real talents to join them, they are forever stuck with the wayang kings. Yes, you will say that this is generalized motherhood statement without names. However, I assure you that they have been approached but declined - not because they don't wish to serve but more because they don't wish to serve in the present manner.

Yeah! I know!! They asked me but I told them to Fcuk off!!

 

[Seee3]

Yeah! I know!! They asked me but I told them to Fcuk off!!

Impossible because they didn't ask me. I found out in later years that it was because my thoughts in my younger days were the same as yours now. So they concluded that I had no substance.

 

[rushifa666]

temasek lost 50% on bank of america. I made 500% IN THE SAME PERIOD. shows you the fuckwits in the drivers seat cant tell their arses from their elbows

 

[enterprise2]

temasek lost 50% on bank of america. I made 500% IN THE SAME PERIOD. shows you the fuckwits in the drivers seat cant tell their arses from their elbows

I lost money on BAC too so u better than me. But I didn't lose 50%!

 

[rushifa666]

we knew it was crashing so did not touch. the retards collection was FROM THE PEAK PERIOD. Did a favour and bought those toxic poisons from their rich chums. Of course they got fucked

 

[soikee]

Brainwashed fanatic dicks like him would feel its her god given right.
They worships them lee family as gods anyways....
Probably thinks she should be paid 180 million even...
See CHC followers for reference.

All these PAP eh CCB kias really don't know what the fuck is going on around them!

I quote what one former Perm Sec told us in private, "We old-timers were so thrifty with our reserve and yet we were so happy to serve, but the no shame familee is plundering big-time!"

 

[ginfreely]

I think the Malaysia EPF govt also bought London properties and never heard of them being cheated...GIC is so stupid to invest in rent control properties...

 

[palden]

Unfortunately, I wish that this is true, but its not. GIC and Temasek money once lost is lost forever. Its not like the Norwegian Sovereign Weatlh Fund or the Kuwait Investment Office. These SWF can lose $675 million, and all they do is just open the tap a bit more the next year and pump more crude to make up the loss. The PAP on the other hand can only squeeze so much out the idiots who donate to them by buying exorbitant priced flats or COE. U cannot ask the same idiots to buy a new flat or car every year and enrich the GIC coffers. It does not work that way.

Not true. Still got CPF, GST etc. 101 ways to milk sinkees.

 

[myo539]

"Going back to this Broadgate deal in London. Blackstone paid just over 1 million pounds 3 years ago and now is flipping their share to GIC for 1.7 million pounds for a profit of 700 million pounds."

My Maths is very elementary. I don't understand if you buy something at 1 million pounds and then resell it at 1.7 million pounds, you make a profit of 700 million pounds.
My calculator must be a fake one.

 

[Spock]

Well I am asking if not HC and Temasek, then who can we ask to manage our billions? Who can we trust to max our returns, ensure no mistakes and don't cost an arm and a leg?

I would rather they spend most of their money on the people instead of building up massive reserves to invest overseas and benefit other countries. If there is a surplus, they can put it in an investment fund managed by independent experts that are held accountable to non-partisan team for its performance. However, this is impossible in SG's political environment. Add to the fact that most SGreans, elites and peasants alike, have insufficient experience of real life outside SG and you have a disaster waiting to happen.

 

[Spock]

"Going back to this Broadgate deal in London. Blackstone paid just over 1 million pounds 3 years ago and now is flipping their share to GIC for 1.7 million pounds for a profit of 700 million pounds."

My Maths is very elementary. I don't understand if you buy something at 1 million pounds and then resell it at 1.7 million pounds, you make a profit of 700 million pounds.
My calculator must be a fake one.

Should be billion. Why would GIC be interested in something like 1 million? You could probably buy just a parking lot for that kind of money.

 

[Spock]

You asking for help from that village idiot Spock? Don't think he can help much...................... :o

Come to the Official TCSS thread and "teach us about football history" as you once claimed you could lah, it could be safer there.................

There got IB also, but not internet brigade type like you, hehehehehe....................

I guess you are still hurting from my description of you way back then, which is why you have been zapping my points. I still stand by what I said, no matter what you do, because you can't say a deer is a horse when everyone can see it is a deer. Use some creativity, don't use the same term of village idiot I used to describe you.

 

[jw5]

I guess you are still hurting from my description of you way back then, which is why you have been zapping my points. I still stand by what I said, no matter what you do, because you can't say a deer is a horse when everyone can see it is a deer. Use some creativity, don't use the same term of village idiot I used to describe you.

Ok, you are an overbearing arrogant motherfucking bastard.

 

[rushifa666]

omg its worse than i thought!
http://www.youtube.com/watch?v=cALviAEPPl0
look at this and weep. temasek sucked up from merril lynch and AND LOST SHITLOAD OF CASH!
even the fuckwit americans think temasek is a fuckwit

 

[PrinceCharming]

Can someone start a thread to generate investment ideas for Temasek and GIC ?....

And will contributors of investment ideas be rewarded with multi-million $ commissions? Will the moderator of this forum receive a cut too?

 

[eatshitndie]

Can someone start a thread to generate investment ideas for Temasek and GIC ?

i started a thread on fb ipo, and it was to egg temasick watchers on to buy fb shares. if they heeded my advice, they would have made a bundle by now.

 

[Papsmearer]

"Going back to this Broadgate deal in London. Blackstone paid just over 1 million pounds 3 years ago and now is flipping their share to GIC for 1.7 million pounds for a profit of 700 million pounds."

My Maths is very elementary. I don't understand if you buy something at 1 million pounds and then resell it at 1.7 million pounds, you make a profit of 700 million pounds.
My calculator must be a fake one.

Sorry, my typo, it was sold to GIC at $1.7 biliion pounds, not milllion.

 

[LeMans2011]

"Going back to this Broadgate deal in London. Blackstone paid just over 1 million pounds 3 years ago and now is flipping their share to GIC for 1.7 million pounds for a profit of 700 million pounds."

My Maths is very elementary. I don't understand if you buy something at 1 million pounds and then resell it at 1.7 million pounds, you make a profit of 700 million pounds.
My calculator must be a fake one.

This lao char bor still haben die. It is pretty obvious it is a typo. And it is pretty obvious you bite on one small typo error like a mad dog and wont let go since this is the only technique your masters thought you.

 

[LeMans2011]

Yeah! I know!! They asked me but I told them to Fcuk off!!

Errrr... I think you meant you offered them and they told you to fuck off no?