those PEOPLE got so many top brains, scholars etc.

but see the current results/situation,

not sure why pay so much $$$ for them & get into this situation???

would not it be better to invest the $$ within the country??

is it because those PEOPLE got common dollar,

while commoners only got common cents (sense)??

aiyoyo

at the mean time

if lesser & lesser & lesser bread + butter,

do commoners still need to look at long term investments?

(燃眉之急）

aiyoyo

that is syntactically perfect.

but does it mean change for the Better or ….?

He doesn’t have any convictioni in what he’s saying: can change, not will change. Sigh… Case of Sheep leading the sheep, not lion leading the sheep? That would account for why we have silence from the PM whenever things brew up.

Ho Ching is the boss of GIC/Temasak and LKY is the Chairman of Temasak.

LSL is the vice Chairman of GIC. So you can see the problem in accountability here. Who will dare question Ho Ching’s judgement at work when she is more of a nemesis than just a corporate figure?

In the end, three of them will account for one another.

Maybe they have dinner and count their losses over the dinner table one evening?

LSL: Hi Ho Ching I heard that you lost alot of money lately by buying into BOA, ML, ABC and XYZ. Why your team so lousy? You told me most of them are experienced solid traders themselves.

LKY: Yalor Ho Ching, why so many losses? The zeroes we lost make me blurred and lost count. Did you check what they invest or not? Looks like all bogus trades to me.

Ho Ching: Aiya, it’s only paper loss hubby and papa. Don’t worry, the economy will turn around in 2-3 years’ time. I invest for the long term one. Anyway, it’s not my money mah, so my heart not so painful. Don’t worry also about the people in Singapore, they all just complaint only and after a while the storm will die down. We will be back to square one.

LSL: But so many Singaporeans complaint you know? Even the reporters I met over the past week asked me why so many losses. I am worried about the implication during the next election.

LKY: Yalor, why you buy into BOA and ABC? They are like dying stocks. You have no other stocks to buy mah? The stock market has at least one zillion companies to buy into.

Ho Ching: Papa, when my team looked into BOA/ML/Citi they are still the darling blue chip then. How do I know that this financial crisis will come so swift and devastating? I last counted we lost about $5 billion from the BOA investment alone. ABC sure die as the Australian co went into receivership. That one siong – we have realised loss of about half a billion. But papa, don’t you remember I help you make 8 to 10% returns the past ten years? This is only the first loss I make!

LSL: Ya but remember Shin Corp? That one also big loss you know. Easily 2 billion loss there as the value is slashed by half! Your investment team ok or not? Credible? It’s not my own money I know but I have to safeguard it also. People outside are unhappy. They keep asking is it becasue of all these losses that I increase so many things nowadays to recoup back the losses. Very difficult for me plus you are my wife…

LKY: Ya Ho Ching better buck up or else next election we may lose more seats to Workers’ Party. Now there is this Tan Kian Lian who stir up so many things in Hong Lim Park as if he owns the park himself. I am worried he may come up to no good. I have to ask my men to fix him up real good.

LSL: Don’t worry, I have already ask someone to dig his file. Soon, he will end up like the rest. Don’t worry papa.

The three of them have a merry good laugh after that and continue to enjoy their dinner together. They also cash in their millions every month.

When you have scholars trying to assume the roles of government, businessmen, salespeople, CEOs, bankers, big bosses, etc. you’ll be sure the country will get into deep trouble one day.

What’s the use to report that our GICs had made great profits in the past, but ordinary Singaporeans never felt rich. Now that they have incurred losses, our lives will be bound to be miserable.

Again, it will be left to us, the ordinary people, to brace up and do our little part to help our more underprivileged Singaporeans.

Wonder if they would ever get the job descriptions of a government correctly?!

Well said, kf

please lah. LHL is not even sure himself if things will change or not. That’s why he said ‘can change’ mah!

what’s more, PAP is right that the people are easy to control…keep u stupid in school cos u have to mug everything, keep u stupid at work because of CPF and u must work if not gahmen won’t help you. So elections confirm everyone will be happy like bird when HDB upgraded what.

PAP has to run itself into the ground…ONE DAY!

should lah.

but if rich liao must not be too greedy.

let the citizen earn some.

I am not that optimistic…come election…block of flats will be painted….electricity and utilities bills lowered and carrots handed out…all pain will be forgotten…at least temporary.

Temasek only gives the numbers as such non-transparent figure called “total shareholders’ returns”, which include new assets injected into Temasek Holdings (this year will be CAAS) by the Singapore Government.

We don’t even know how much they (GIC & Temasek) have? How to assess their performance? Singapore is going down a slippery road. CHANGE is necessary!

Sure… It did not look that bad then… But, we are not paying peanuts for kucing kurap leaders. We paid you and your father, your wife millions….

This is what we get.

Yours loyal citizens.