The truth of the matter is our hard earned blood and sweat $ has vapourised......

[Meteour]

GIC & Temasek investments gone horribly wrong: Merrill Lynch now trading at US$7.75, 16% of Temasek's purchase price of US$48. In other words, Temasek has lost 84% of its Merill investment.

GIC invested in UBS convertible notes when UBS stock price near to US$50. If UBS wants to exercise the option to convert the notes to stock, it must do so within 2 years (only slightly over one year remaining). Now, UBS stock price is US$9.25 per share, more than 80% down from the original "strike" of US$50 per share.

Citigroup is now US$3.87 per share. Guess where Temasek bought them? Hint: Over 8 times higher than the current price.

A portion of these paper losses have already been realized. Temasek has sold 50% of its Merill shares at a US$1.5 billion dollar loss in sept 08.



.......................

 

[Hope]

GIC & Temasek investments gone horribly wrong: Merrill Lynch now trading at US$7.75, 16% of Temasek's purchase price of US$48. In other words, Temasek has lost 84% of its Merill investment.

GIC invested in UBS convertible notes when UBS stock price near to US$50. If UBS wants to exercise the option to convert the notes to stock, it must do so within 2 years (only slightly over one year remaining). Now, UBS stock price is US$9.25 per share, more than 80% down from the original "strike" of US$50 per share.

Citigroup is now US$3.87 per share. Guess where Temasek bought them? Hint: Over 8 times higher than the current price.

A portion of these paper losses have already been realized. Temasek has sold 50% of its Merill shares at a US$1.5 billion dollar loss in sept 08.



.......................

It has already happened,wat to do leh?

 

[makapaaa]

It has already happened,wat to do leh?

Overthrow the Familee, open the books, stop the loss and bring the bastoods to justice.

 

[snrcitizen]

Overthrow the Familee, open the books, stop the loss and bring the bastoods to justice.

Before you can bring those bastoods to justice, they would have long packed up and run road.

 

[ahbengsong]

GIC & Temasek investments gone horribly wrong: Merrill Lynch now trading at US$7.75, 16% of Temasek's purchase price of US$48. In other words, Temasek has lost 84% of its Merill investment.
GIC invested in UBS convertible notes when UBS stock price near to US$50. If UBS wants to exercise the option to convert the notes to stock, it must do so within 2 years (only slightly over one year remaining). Now, UBS stock price is US$9.25 per share, more than 80% down from the original "strike" of US$50 per share.
Citigroup is now US$3.87 per share. Guess where Temasek bought them? Hint: Over 8 times higher than the current price.
A portion of these paper losses have already been realized. Temasek has sold 50% of its Merill shares at a US$1.5 billion dollar loss in sept 08.
.......................

This is the price for a one party rule in singapore... only when there is a 2 party rule then there will be transparency and accountability in the govt...

 

[suteerak1099]

not only take the decision makers to justice, the 66.6% who put them in power should also be served

 

[singveld]

there is a simple solution.
TAX TAX TAX.

 

[Leegimeremover]

See I told you guys! Shittybank is going to hell. The fucking Indian has been punked. Haha no Indian maths magic. Heng ah, lucky no Chinese be the CEO. Black not credible. Look at how the black president will get fucked even with a start studded team. The next four years will be a republican all hands down comeback.