J P Morgan Being Investiagted

[frenchbriefs]

they were fined heavily. JPM was fined US$13B in 2013?

what the authorities shd do is jail the mgmt

Probably subsidized by taxpayers....not a single CEO or director was prosecuted or jailed.

 

[TracyTan866]

Temasek is in it for the long term so these short term hiccups are of no consequence.

Ho Ching has the skill and foresight to handle such minor issues.

"(Bloomberg) -- Temasek Holdings Pte sold its 3.8 percent stake in Bank of America Corp. at a loss that may total $4.6 billion,"

 

[frenchbriefs]

It's all part and parcel of the overall long term strategy. The fact that Temasek has outperformed Warren Buffet proves what an astute investor Ho Ching is.

Since when?warren buffet averaged 22% annualized. Temasek claims 16% returns.....even then who knows how much of that is legit.

 

[TracyTan866]

Temasek is in it for the long term so these short term hiccups are of no consequence.

Ho Ching has the skill and foresight to handle such minor issues.

"Temasek Holdings loses 31 percent of portfolio

Wednesday, 11 February 2009 Temasek Holdings, the Singapore government’s sovereign wealth fund, said Tuesday the value of its investment portfolio fell by 31 percent of its total, or about $39 billion"

 

[frenchbriefs]

"(Bloomberg) -- Temasek Holdings Pte sold its 3.8 percent stake in Bank of America Corp. at a loss that may total $4.6 billion,"

Her her the buy high sell low touch.

 

[TracyTan866]

Probably subsidized by taxpayers....not a single CEO or director was prosecuted or jailed.

gambling with others money is easy

 

[TracyTan866]

Her her the buy high sell low touch.

she gambles recklessly with singaporeans' money

 

[TracyTan866]

Temasek is in it for the long term so these short term hiccups are of no consequence.

Ho Ching has the skill and foresight to handle such minor issues.

"AFP - Wednesday, February 18, 2009



SINGAPORE, Feb 17, 2009 (AFP) - Government of Singapore Investment Corp, which has helped bail out troubled global financial institutions, suffered an investment loss of about 50 billion Singapore dollars (33 billion US) last year, sources told Dow Jones Newswires on Tuesday.

In late 2007 and early last year GIC injected billions of dollars into Swiss bank UBS as well as US banking giant Citigroup, both of which suffered massive losses from US subprime, or higher-risk, mortgage investments.

Subprime troubles later evolved into the worldwide financial slowdown.

"The loss on the investment portfolio last year is estimated at around 45 billion to 50 billion," one of two people familiar with the GIC situation told Dow Jones.

 

[bigboss]

.....GIC injected billions of dollars into Swiss bank UBS as well as US banking giant Citigroup, both of which suffered massive losses from US subprime, or higher-risk, mortgage investments.

Subprime troubles later evolved into the worldwide financial slowdown....

As the whitemen played with the currency market to benefit their pockets, and to create havoc in the global financial system, the commies in PRC watched with alarm and now, they wanted to move away from USD and Euros.

The RMB is the new kid in the international currency market for trade and investment and it won't take long to replace the USD and Euros.

The papees have released this new development and as usual, the DPM headed immediately to PRC recently to get the "rights" from the commies.

 

[TracyTan866]

As the whitemen played with the currency market to benefit their pockets, and to create havoc in the global financial system, the commies in PRC watched with alarm and now, they wanted to move away from USD and Euros.

The RMB is the new kid in the international currency market for trade and investment and it won't take long to replace the USD and Euros.

The papees have released this new development and as usual, the DPM headed immediately to PRC recently to get the "rights" from the commies.

I think the world will see a re-positioning of currencies and power. PRC is likely to take over from the US in 10years

 

[bigboss]

I think the world will see a re-positioning of currencies and power. PRC is likely to take over from the US in 10years

The East is now certainly "red" as Chairman Mao had once said. Once upon a time, LKY kicked the butts of every commie in town, whether real or imaginery, but today, he sang a different tune about the commies and allowed millions of them into sinkie land.

Should these tiongs decide to revolt and take over sinkie land, it would be a walkover, no need for SAF to fight to defend the island.

 

[TracyTan866]

The East is now certainly "red" as Chairman Mao had once said. Once upon a time, LKY kicked the butts of every commie in town, whether real or imaginery, but today, he sang a different tune about the commies and allowed millions of them into sinkie land.

Should these tiongs decide to revolt and take over sinkie land, it would be a walkover, no need for SAF to fight to defend the island.

True. China is going to overtake USA soon. In fact some analysts are saying that based on Purchasing Power Parity, China should overtake USA as the 1st Superpower within the next two years.

SG is overwhelmed by foreigners from within and will be conquered without a fight

 

[frenchbriefs]

The East is now certainly "red" as Chairman Mao had once said. Once upon a time, LKY kicked the butts of every commie in town, whether real or imaginery, but today, he sang a different tune about the commies and allowed millions of them into sinkie land.

Should these tiongs decide to revolt and take over sinkie land, it would be a walkover, no need for SAF to fight to defend the island.

Before the Chinese were red,they were yellow.looks like the world is about to be covered by yellow fever.

 

[Asterix]

Last year Temasek Holdings bought 10% of JPM for US$500m.

This sentence got something wrong lah
Morgan's market capitalisation is more than 200 billion US dollars
Ten percent will be at least 20 billion okay
500 million cannot even buy you one percent of this mega bank

 

[TracyTan866]

Before the Chinese were red,they were yellow.looks like the world is about to be covered by yellow fever.

that's quite certain to happen

 

[TracyTan866]

duplicate post

 

[TracyTan866]

This sentence got something wrong lah
Morgan's market capitalisation is more than 200 billion US dollars
Ten percent will be at least 20 billion okay
500 million cannot even buy you one percent of this mega bank

You are right. My mistake

 

[TracyTan866]

This sentence got something wrong lah
Morgan's market capitalisation is more than 200 billion US dollars
Ten percent will be at least 20 billion okay
500 million cannot even buy you one percent of this mega bank

You are right. My mistake

 

[bigboss]

True. China is going to overtake USA soon. In fact some analysts are saying that based on Purchasing Power Parity, China should overtake USA as the 1st Superpower within the next two years.

SG is overwhelmed by foreigners from within and will be conquered without a fight

Wait for the commies to land the first tiong(s) on the moon in 2020 and the power swift in the world to the commies will be undeniable after that landing. Supremacy in space, air, sea and money market will be in the hands of the commies.

 

[TracyTan866]

Wait for the commies to land the first tiong(s) on the moon in 2020 and the power swift in the world to the commies will be undeniable after that landing. Supremacy in space, air, sea and money market will be in the hands of the commies.

Yes. And USA is in decline under Obama. Many Democrats are distancing themselves from Obama. The USA is having mid term elections today and The republicans are expected to seize the Senate and trounced Democrats. Obama is not expected to do much for the next two years as he enters the home stretch to 2016.

China will overtake USA soon