Temaseks investment in Lehman?

[The MilkMan]

Dow plunges 500 points; Lehman failure sparks rout
Posted: 16 September 2008 0451 hrs
Flags adorn the front of the New York Stock Exchange.

NEW YORK: US shares went into a freefall on Monday as part of a global rout after a bankruptcy at Lehman Brothers stoked fears about contagion affecting world markets and the economy.

The blue-chip Dow Jones Industrial Average tumbled below 11,000 with a loss of 504.48 points (4.42 percent) to 10,917.51, its largest one-day point loss since the reopening after the September 2001 terrorist attacks.

The Nasdaq composite plummeted 81.36 points (3.60 percent) to 2,179.91 and the broad-market Standard & Poor's 500 index lost 59.00 points (4.71 percent) to 1,192.70.

Investors ran for cover after the bankruptcy filing by investment firm Lehman Brothers, which failed to find a buyer during a weekend of crisis talks, and the emergency sale of Wall Street rival Merrill Lynch.

Also causing fear was the worry that contagion may strike American International Group, one of the world's biggest insurers, whose shares plunged over 50 percent.

Lehman files for bankruptcy and AIG is in trouble.
oh no,i have a few unit trusts with them.
expect all stock markets to fall and react to this news.

 

[borom]

O shit. That means A LOT of American FTreash will try to come Singapore to work, touting they got international banking experience, which brought down these big banks.

If our banks hire them, we'll see our banks close down also! But with the Singapore labour laws so welcoming, these trash will have no trouble find a cushy job in a bank here, and displace Singaporeans!

SPOT ON.
Not only American, but anyone who has worked with these big banks will be welcomewd.
In fact it as been happening for a long time.Foreign bankers have for a long time dominated the top management of local banks and just below them will be another layer of locals who used to work in foreign banks.So Singapore banks are dominated by foreign bankers or bankers who used to work for foreign banks. If you have not worked for a foreign bank before, your chance of top management position in a local bank are slim as you are not part of the "foreign club".
If you go to Shenton Way and take a stone to throw at the top management of a local bank,you will for sure hit a former Citi, Morgan, Chase, Merrill, UBS,
.......banker.

 

[hughgrant]

all these foreign banks based here are likely to hire their own colour ..

 

[glock]

all these foreign banks based here are likely to hire their own colour ..

of coz..... like that easier to share SPG pussy when holding board meetings also

 

[DerekLeung]

O shit. That means A LOT of American FTreash will try to come Singapore to work, touting they got international banking experience, which brought down these big banks.

If our banks hire them, we'll see our banks close down also! But with the Singapore labour laws so welcoming, these trash will have no trouble find a cushy job in a bank here, and displace Singaporeans!

I said this months ago :

You see in 2006/2007 every fund managers and remisers made all their money here with a fantastic front show !
And disappear as soon as cracks show up !

You can see the amount !

Singaporean government choose to invite all this mobile and homeless people here !

They got no where to call home and being
Mobile and evasive , living a life on the run !

Making tons of money round the world !

 

[johnny333]

eh,you sure about DBS have CDOs ?

i am worried now,all my savings in DBS

eh. you got saving in DBS?

You getting any interest or not? Maybe better to hide the money in your pillow or mattress.

 

[glock]

eh. you got saving in DBS?

You getting any interest or not? Maybe better to hide the money in your pillow or mattress.

you are correct , no interest :o

but i thought put in bank safer than have on hand , less easy to spend

now even worse , i dont get to spend , it just disappear !

 

[BlueCat]

nothing to worry about it,it already happen and we must just carry-on with our daily life.
there is also nothing that we can do much about.

 

[johnny333]

you are correct , no interest :o
but i thought put in bank safer than have on hand , less easy to spend
now even worse , i dont get to spend , it just disappear !

If you going to put in bank consider putting in Maybank lah, they got nice seats. if must queue, can sit down & rest. Maybank aslo have lower minimum requirement.

Don't know why so many insist on queuing up at DBS & POSB. Must be the herd mentality

 

[makapaaa]

If you going to put in bank consider putting in Maybank lah, they got nice seats. if must queue, can sit down & rest. Maybank aslo have lower minimum requirement.

Don't know why so many insist on queuing up at DBS & POSB. Must be the herd mentality

Cos u've no choice. *hee*hee*​