Why Ho Jinx Don't Want to Save Lehman Brothers?

[travelbug]

Ho Jinx is such a bloody ardent fan of USA & Europe banks, how come she did not wear her knight in shining armour uniform & charge to USA to buy Lehman Brothers leh? She could have raised her hand & say I buy the "good parts" of Lehman Brothers in Asia only meaning the corporate finance, treasury & wealth management. Asia part of Lehman Brothers is still OK financially. Leave out the toxic parts. That was the plan put up by Fed Reserve of USA, the central bank, the good parts & bad parts of the bank to be carved up?

How come Ho Jinx diam diam on this one?

Or maybe she come to her senses now that she realized that Jim Rogers was right all along that Spore got conned into buying bank stocks. In case u do not know, Jim Rogers, is the American financial guru now living in Spore becos he wants his ang moh daughter to learn Mandarin!

 

[DerekLeung]

The men on the street had no idea man !​

 

[DerekLeung]

Updated: 15th September 2008, 1941 hrs
Temasek to be unscathed by Merrill's sale
Sources say Temasek Holdings had little say in Merrill Lynch's surprise decision to be sold to Bank of America, despite being Merrill's biggest single investor.


But they add that Temasek may emerge from the crisis relatively unscathed.

One source who was familiar with the matter told Dow Jones Newswires that Temasek was not informed of Merrill's plans until late and then had a minimum role in the talks with B-O-A, as it doesn't hold a seat on Merrill's board.

B-O-A has agreed to buy Merrill for 50 billion US dollars, or 29 US dollars a share, in an-all stock transaction.

The source added that Temasek had bought Merrill's shares for an average of 24 US dollars each, so the investment firm is above water.
Temasek is the largest single investor in Merrill, with a 14-percent stake, indicating it could earn as much as 1 billion US dollars in paper profit based on current prices.

A second person said Temasek has yet to decide whether it will keep or sell the B-O-A shares it receives.

Analysts said Temasek may welcome the opportunity to own a portion of a commercial bank rather than an investment bank because the former may be more stable and has firmer backing from the U.S. Federal Reserve.