and liked i said before
postin in yougpapforum
i also TELL
the isa/generals/polis commisionner
their cpfs savin$ is as good as ^mine^
when its gone
all gone
not only the peasants…
@ least my amount is peanut$..
THEIR$?
you tell me

And even better still, will you hold on to your losing stake indefinitely due to your ego and fear of reprisal and ridicule ?

Yes Daniel, they are biting their own bullets now. I can’t imagine how singaporeans will response if they really lost all our entire cpf life savings, this could trigger off something damn bloody serious, to what extend? ask anyone on the street what will they do when they discover all their enitre hard earned cpf savings totally gone . . . probably they will say “I will kill them”

Please go to the website at

http://www.chartingstocks.net/2009/02/gone-in-60-days-citi-and-bank-of-america-wont-live-to-see-may/

which is predicting that both Citi and BOA will be gone by May 09. Then all our entire investments in Citi and Meryll Lynch (now part of BOA) will be gone forever.
This grim prediction is worrying me sick every day now, as I have all my life savings in my CPF. Now I don’t feel so rich looking at my CPF account.

I think it is better for GIC and Temasek to quickly cut loss and run while it still can, before the American banks are nationalised.

The ones made by GIC are preference shares with a coupon hence Citi and UBSs are safer as the principal can be redeemed if the option to exercise to convert the notes to shares is not taken up by GIC. Tony Tan as a banker…has made some wise moves. However, with Citi in such a perililous position and looming takeover by the US Treasury, bondholders are possibly screwed & may be asked to convert debt to equity…cos it’s unlikely Citi will have the billions to pay back preference shares holders.

The Temasek investments are literally screwed. There was a financial article in the Asia Sentinel, a foreign publication that talks about how the 31% loss is on a low side and is likely to be about 50% due to possible injections of assets by MOF (which is legally by the constitutions). It will be interesting to see if Temasek or the Government takes a legal position and sues the Editors of Asia Sentinel or the Analyst that wrote the article.

Be real, and if you think it is good, ask yourself, will you yourself gamble away your stake money when the warning signs are already there and top guru swarn against these investment ? Will you even try to beat the down spiral market in the foreseenable long term ? If not, what is there to accept the gahmen’s claim of long term ? Oh yes, Long term, but then why the ministers’s pay not hedge against these long term investment if they are so confident of long term ?
And even better still, will you hold on to your losing stake indefinitely due to your ego and fear of reprisal and ridicule ?

> The losses in GIC and Temasek were quite regretable and in fact alarming. The combined losses is almost equivalent to 5 times of Citigroup’s net worth today.

The current situation begs more clarification and information from the PAP dominated govt.]]]

Although you and some others are curious to know,
i wonder why the rest are ok with not knowing?

and since majority never ask for this info……………..

its actually the majority that is the ………. , the way i see it.

“To put matter in perspective and to give some measure of support to Temasek and GIC, our hundred of billion of investment did not magiccally materialize as it mysteriously disappeared. It was not God-sent. It was painstakingly built up to become a respectable reserve. Whether those sovereign funds are from Abu Dhabi or from Dubai, they were similarly hit, if not worse off than Temasek. ”

i believe you. But how do you know? do you know for sure what happens there? make no mistake. I believe you, but…..

Many elderly citizens who witnessed MM Lee who became first PM in 1959, have no respect for him anymore. His children & in-laws need no further elaboration.

Don’t be surprise PM Lee will use ISA or defamation suits against any opposition politicians when his Papa no longer around.

This election might have more Group Representation Constituency (GRC) which make the opposition parties more difficult to find candidates. PAP (Poor Also Pay) has lower chance & tougher in winning for Single Seat Ward.

A curious question:
What is Eunice Olsen doing in the parliament & Who nominated her?
She should join the model, fashion industry or something.
NMP is Not for her.

This country is getting from bad to worst, slowly but surely.

> The losses in GIC and Temasek were quite regretable and in fact alarming. The combined losses is almost equivalent to 5 times of Citigroup’s net worth today.

The current situation begs more clarification and information from the PAP dominated govt.
What proportion of our total reserves has been lost in the past 3 years’ worth (since 2006 election) of bad investments?
How much more are we at risk of losing (best, worst, realistic – 3 scenarios)?
How much do we have left?
Where is the remainder that we have left invested?

Without open information and accountability, adjectives like “regretable” and “alarming” remains subjective qualitative words that carry no value.

> Almost every major banks of repute, be they in US, Switzerland, London, Germany, Paris or anywhere else, they suffered brutal onslaught because of their exposure, small or large, to sub-prime or some complicated derivative investments. Hedge funds, private equities and funds of all shades see their investment declining at unbelievable rate. Unless traders properly time their shorting of markets, not many players, large or small, banks or funds, government or individuals are spared from the financial fallout.

You are listing private entities. What about public entities? How many Asian SWFs have been similarly badly hit (in relative terms) by poor investment strategies? In any case, the large private entities are answerable to its shareholders. Why is it that when Tharman was asked about the mobilization of our reserves his answer was the system is based on “trust” (???). Whatever happened to KPI, meritocracy and accountability?

> Temasek and GIC may not have buck that trend and like the many who suffer from the financial meltdown, there was a write-downs on loss investments. Of course we are certain that going forward, there will be preservation of the funds and Temasek will position its money for the next phase of growth. The strategy now is not growth but defensive investment to preserve what is left. There is a proper time to make money and now it is not that time.

Are you saying that you are privy to confidential official “secrets” information that gives you this confidence in our losers at Temasek and GIC? If so, pray share and support with facts and figures, so that lesser mortals like us can have a glimmer of hope. Please do not use the word “trust”. We had trusted the leadership of Ho Ching (and those who appointed her into her Post Turtle position) despite her track record of mega losses. GIC, led by who? What of conflicts of interest?

> To put matter in perspective and to give some measure of support to Temasek and GIC, our hundred of billion of investment did not magiccally materialize as it mysteriously disappeared. It was not God-sent. It was painstakingly built up to become a respectable reserve.

To put matter in perspective. Our PAP ministers have asked for extraordinary pay, even exceeding 1st world standards, claiming their extraordinary abilities to lead the country. It is only fair that we demand extraordinary performance. Do not just compare their performance with some worst performing index, but to compare with the best too.

> Whether those sovereign funds are from Abu Dhabi or from Dubai, they were similarly hit, if not worse off than Temasek. The meltdown affects everyone with Madoff’s Ponzi scheme crippled because of the lack of fund to pay forward to those who invested their hard-earned money in the Lehman’s products in Singapore.

What of our CPF? How much of it is used to fund investments by Temasek and GIC? Any information to prove that it’s not Singapore’s next Ponzi scheme?

> Almost every one is hit and it is really only how blue or black they are.

Even with a 20% pay-cut the PAP ministers are still the world’s best paid by a large amount. Plus some of them holds several titles to entitle them to multiple pay. How blue or black are they?
These PAP ministers and family get pension and free high-class medical services all paid for by the people. While our old folks whose sweat-and-blood built this nation has to go to JB for nursing homes as repeatedly “suggested” by Khaw? Khaw who broke his 2006 election promise of “no means testing”.
By serving for 1 political term, the ministers already have multiple millions that can buy them and their families a comfortable lifetime exile in another country.

Is there any PAP minister willing to lead-by-example and live for at least 6 months to 1 year, with $300/month public assistance, the usual adhoc food and utilities vouchers, public rental flat? Or he/she is willing to personally live on $1000/month gross-salary doing a 12 hours-a-day job with shift-work for 6 months to 1 year (with workmen’s compensation and 7 days-off per 12 months)? These are the kind of jobs that PAP ministers are asking Singaporeans to be not fussy about and take-up, regardless if they were PMET before. If there is a PAP minister who volunteer and survive the ordeal, I may at least consider supporting that PAP candidate in his ward. Otherwise, for the pay that PAP is asking, better performance with open information and accountability is a basic expectation. Do not give us more of LSS’s storytelling or Khaw’s broken-promises or Tharman’s trust or WSK’s escaped-terrorist-is-not-my-problem or Lee’s missing-in-action.

For now, the opposition candidates have more credibility for they did not get their seats in parliament by riding on GRC or walkovers. The opposition wards won their seats despite unbalanced media reporting and censorship. Guess what? They did not collect generous Town Council fees, nor did they have lose large amounts of Town Council sinking funds in bad investments.

As a stakeholder of Singapore and a buyer of public services (yes, our elites better wake up to the idea that they are but civil servants), I demand quality that commensurates with the price paid.

lol. If you cannot stand the heat, get out of the kitchen lor!

Nobody asked you to be PM. You think earning millions is easy? And nobody seems to be able to retrench you when you screw up.

1 MM, 1 SM, 2 DPMs, 2 more Ministers in yr office -still cannot perform. Better they goback n practise on yr game first.

Almost every major banks of repute, be they in US, Switzerland, London, Germany, Paris or anywhere else, they suffered brutal onslaught because of their exposure, small or large, to sub-prime or some complicated derivative investments. Hedge funds, private equities and funds of all shades see their investment declining at unbelievable rate. Unless traders properly time their shorting of markets, not many players, large or small, banks or funds, government or individuals are spared from the financial fallout.

Temasek and GIC may not have buck that trend and like the many who suffer from the financial meltdown, there was a write-downs on loss investments. Of course we are certain that going forward, there will be preservation of the funds and Temasek will position its money for the next phase of growth. The strategy now is not growth but defensive investment to preserve what is left. There is a proper time to make money and now it is not that time.

To put matter in perspective and to give some measure of support to Temasek and GIC, our hundred of billion of investment did not magiccally materialize as it mysteriously disappeared. It was not God-sent. It was painstakingly built up to become a respectable reserve. Whether those sovereign funds are from Abu Dhabi or from Dubai, they were similarly hit, if not worse off than Temasek.

The meltdown affects everyone with Madoff’s Ponzi scheme crippled because of the lack of fund to pay forward to those who invested their hard-earned money in the Lehman’s products in Singapore.

Almost every one is hit and it is really only how blue or black they are.

i no no wor.

(PS – he won’t be around to see it when shit flies)