LKY: Our investments in banks will go up

[R4g3]

Fucking hell,those Anh Mohs or whoever who sold their bank shares to Madam Ho Ching must all be laughing their ways to the banks-DEPOSIT only.

I believe strongly that it has been inside jobs,and the target was non-other than Madam Ho Ching.

Poor Madam Ho,she lost a fortune,I feel sad for her and for us.

why would you feel sad for her?

let's say a billionaire ask a man to gamble on his behalf, no limit. If win the man gets the credit and some % of the winnings, if lose the man has nothing to lose.

So the man lost all the billionaire's money, do you feel sorry for the man or the billionaire?

And in our case, the billionaire did not ask the man to bet for him. The man somehow manage to force the billionaire to let him gamble all his money.

 

[snrcitizen]

Hi Comrade, this no-shamed old scum thinks he can still sell like the way he could during the 80's and earlier.

Ever wonder why he's trying so hard to defend G Aye See's disastrous acquisition? He's feeling so damn guilty!

G Aye See's recent decision to acquire US bank shares was none other than this senile old fart's!

Hi Merl,
This is why I hope for the removal of the PAP from forming the govt after the next elections. This is the only way we can find out what "reserves" we have left and what has been squandered away by the dynasty.

The persistent clinging on to power at all cost is becoming to be very suspicious that the paradise Singapore they have been advertising has as much credibility as Madoff.

The sooner we know how much damage has been done is better so that we can rebuild this country instead of one day when we peasants wake up one morning to find them run road and we are left bankrupt. By that time. to quote the old fart's own words, "No one can put Humpty Dumpty back again."

 

[banova888]

He said that the Singapore government turned many of its stocks and shares into cash early last year before prices went down. That was why the country was able to invest in the American banks.

Singapore government turned many of its stocks and shares into cash. Why no report of this in the newspapers? How many billions?

He goes on to say that's why the country was able to invest in the American banks. He just failed to mention the amount of billions.

Mr Lee explained: "When we invest, we are investing for 10, 15, 20 years. You may look as if you are making a big loss today, but you have not borrowed money to invest. You will ride the storm, the company recovers, your shares go up."

But he said that Singapore is not a master of its own economy.

He said: "Of all the economies in the world, we have the highest percentage of external trade - three and a quarter times our GDP. No other country has got that size of external trade. So when the external trade shrinks, remember it is going to hurt us."

External Trade! Is that Export?
Singapore has no natural resources besides External Trade.
Where does the government get the money for all these investments?

 

[Maverick01]

yea the timing is really bad and I think they knew that with all the experts right..haha but i think its more for political reasons why they have to go in and "bail them out" at an inappropriate time for investment but an extremely crucial time for the receiving end...

He still doesn't get it or he is just to defend a mistake with crappy excuses?

the point is not a matter of long term or short term, it is the timing.

They invest at the time when everyone think it is wrong, yet they go ahead without consideration of the peoples' opinions.

Even it is a long term investment, still no reason to buy at high price. If they have the slightest foresight, they will be buying it now, at just a small fraction of what they have spent. In fact if today they are still holding the cash, they will be waiting for a lower price and not buying, it goes to show how bad is the timing of their investment.

 

[salim]

Lee Kuan Yew has always practice double standard, just that people did not realise. I quitted Singapore too long ago. Is he still god in the peoples' eyes?

LKY is one man who is capable of saying one thing and do the exact opposite! I was appalled when I first found out many years ago. Lost my respect for him completely. Not that I want to malign him.

 

[Einfield]

LKY is one man who is capable of saying one thing and do the exact opposite! I was appalled when I first found out many years ago. Lost my respect for him completely. Not that I want to malign him.

Older generation still think he is god send.
Thanks to the daily brain washing by the Lee controlled media.

These old folks I spoke to are die hard Dirty Harry fan.
Just like Taiwan Ex President Chen, even with rock solid evidence that he is corrupted and launder billion of state fund to his own pocket, you still have people who support him.

 

[singveld]

3 to 4 yrs too soon i think, maybe 10-15 yrs go back to same value, they invested. but i have to thank him for firing the butch.