All this is supposed to reflect Bank of America’s own problems – remember that BAC made an offer for MER at $29, but it was supposed to be an all-stock deal. Whatever. MER’s stock price seems to reflect a much lower value for the company now. And who the heck knows anything anymore – what if the deal doesn’t go ahead and Merrill Lynch collapses like Lehman?

IS THERE A NEED FOR TRANSPARENCY for ‘THE’ funds?

WHY ? GIVE ME 2 GOOD REASONS AT LEAST.

SINCE Decades ago that it was created, does the PEOPLE know about the investment performance of ‘THE’ funds?

How many Elections has passed since then?

Have the PEOPLE spoken?
Had the PEOPLE spoken?

By this, I can say that the MAJORITY do not demand TRANSPARENCY of ‘THE’ funds, how they use money, which I am not sure come from who or where.

Is this kind of citizen the ideal for other country leaders? I have no idea.

So, all I have to say is , WHY COMPRAING now when all was said and done?

So damm UNIQUE until unique cannot anymore…

SAD. From now till forever more. Self preser….ation. Ya, really ‘1st wer’.

The Singapore Miracle is a must-read book and wake-up call to those gullible, naive who still believe in Fallacy of Singapore. I don’t have problem with government until these few years when the JOker Lee takes over, the ministers are spawning rubblish that hard for layman to digest and find ways to dig money from citizen. Blunder after blunder, and still Singapore remains the same way it runs. Read the book and you will find that whatever Singapore’s issue in the past, present and in the future are discussed. These gahmen are making this just too obvious to be ignored.

It is quite sad when I speak to many Singaporeans, singaporeans can only save this is the way the world and government are. If that is the case, it is a great sin to bring the baby into this world to suffer in this pragmatic world that we choose to believe.

Did you notice not when investing in communicating oversea using Temask, GIC, the oldman is the one doing the talking behind deal make not his inept son and his wife ? And this involve political issue not just a matter of commercial interest. One reason is that other countries stamp on us is because it is both a commerical and political been a government, now you see the point of why all these are linked together.

A government so afraid of LKY than they even can do President Ong when the latter ask for explanation on accounting and audit ? What is this ? Do we still want to live in a make-believe world after so much loss ? How much loss before action is taken ? How much of loss is enough ?

me comes in for a peek into TOC and can’t resist to put some words here.

Supposing someone or some people ‘are made’ to be answerable and accountable for all these investments in the Frailing Banks now; what kind of responsibilities do we expect from them?

If I am Lee Kuan Yew or even Lee Hsien Loong, the Prime Minister, I will shoulder every responsibility given that the Citizens are told to wait for thirty years for results, positive or otherwise. Meanwhile, the Top People in Temasek and GIC are collecting their fat pays and remunerations without fails. In thirty years? Give the Two Lees the best Foods and the Best Cares and even the rumoured blood changes anytime they want. At thirty years later, the Surviving Citizens can only go to their tombs to ask for accountabilities. Punish Lee Hsien Loong if thing goes wrong thirty years from now if he is still alive then? So What? Put a near 90 year old man in jail? See the Picture?

Almost everyone is right in everything said here and Dr Syed Alwi made a most relevant and useful call persistently for the Leadership to use a portion of the money to help the people who are facing problems in their livings. Here I must say I am very impressed with Dr Syd Alwi for his practicality and wisdom.

By now, Singaporeans should be awared of the Schemes of Events in our society, there are many relevant calls for responsibilities in this and that. HOWEVER, we are also painfully awared that the Schemers are able to come up with plenty of excuses and thereby evade all accountabilities ‘beautifully’ and naturally. We complain, we whine, we grumble only to hurt ourselves at the end of it all, maybe by doing so, our frustrations are relieved despite the helplessness. I sincerely believe, all of us hope that our Leaders will recover/discover their consciences and see the importance of helping their citizens as priority.

A period of thirty years is too long for me personally, I fear it maybe too long for many others and even our country. If fate comes as planned, even begged, all of us need not worry. BUT, if I understand fate correctly, it is beyond human manipulations, let just hope that we have SENSIBLE LEADERS.

patriot.

The latest cash call by ML is not exactly a bad thing. It is actually a sweet deal for Temasek if we look closely at the terms of the deal. The new deal essentially wipes out the paper losses suffered since Temasek’s first investment. Do read this article by WSJ.
http://online.wsj.com/article/SB121735266454993851.html?mod=googlenews_wsj

Do you play US stocks? Why not open an account with interactivebrokers and buy let’s say 10 lots of your savings on ML and say keep it for just 10 years. Let’s not pursue the 30 years time frame which the oldman promised but cant live to see the returns. You have so much faith and and good intention of Temaesk why not do the walk? Join them and buy some ML’s stock now trading at USD$25, lelong price you know. Sure it is a good time to buy rite? You have so much faith in our less than transparent government and poor management of funds and no actual information on the returns…how the heck you can say things so simply. I am no sheep and cant be brainwash by pap anymore. One last thing, GIC and Temasek ’s investment returns how big the portion is derive from tax payer’s contributions and land sales and other taxes and even CPF as compared to actual profit returns from good investments. Do you care to share? A good company worth investing is one that is transparent enough. Like Berkshire Holdings from Warren Buffet and which GIC and Temasek can drool forever to become one.

I can only pray that HOJINX don make more costly mistakes. Bear in mind these are Singapore ’s People’s hard earned money not some PEANUTS mentioned by the woody ’s wife.

FG

Effective hedge ? If the net worth of a company drops, then the real worth (value) of the shares (or per share) will correspondingly drop. What kind of hedge is this if you need whatever further money that some other people may be willing to offer if it is required to save your company.

Anyone here to enlighten me ?

So ? So ? Big deal. Well, I thought the big boys of high finance and ML knew their business very well in the first place. So why are they getting into this sh*t with MASSIVE write down and some needing bail-outs in the billions.

Just because you are someone who knows much about finance (in theory at least or even in practice) does not mean that you will know for sure the exact timing how the financial table will turn in reality. No one and absolutely no one knows for sure the timing of their recovery, if they ever recover – not even the Feb chairman or any finance minister in the world.

If it is also your own money which is at risk, then I will certainly salute you together with your explanation on good faith and good intentions which are really empty otherwise.

“As they pegged their salary to the private sector, it is only fair that they should also be held accountable to the standard of the private sector if not more.”

In our dreams may be. Don’t bet on it! The writings are on the wall. Once too many the equation is made, even dumb fools, dim bulbs, bimbo can figure out it’s just a lame excuse. I think you would agree 100%, if a person tell you that I can only be patroitic and serve my country (they need to take oath in public office right? Remember we have to do our little citizen pledge everyday in school?), but I can only do that if you pay me well enough. Then this person character should be put under a microscope. But have they so far? The answer is crystal clear right?