Another billion down the lonkang

[Mikael74]

Losses may total 4.6 billion as per this article

 

http://www.bloomberg.com/apps/news?pid=206...&refer=home

[Blackyv]

4.6b divide by 4m population...., $1K+ each my goodness..

[Grindcore888]

channel 8 news reported 3 billion... no mention of USD or SGD..... going via Bloomberg

 

"May 15 (Bloomberg) -- Temasek Holdings Pte sold its 3.8 percent stake in Bank of America Corp. at a loss that may total $4.6 billion, as the Singapore state-owned fund shifts bets from Wall Street to emerging markets." <br>

 

USD4.6billion = SGD x 1.5 = SGD6.9billion , HC can be disgusted at the losses now....

[Eyke]

This monies is for us Singaporeans. Not the selected few.

 

 

we pay through our noses for housing,

cars and can't touch CPF.

 

pls tell us when we will be receiving this monies that is "for us Singaporeans".

 

 

 

 

 

[Yipsy1]

we pay through our noses for housing,

cars and can't touch CPF.

 

pls tell us when we will be receiving this monies that is "for us Singaporeans".

 

Buying an 'expensive' HDB at $200k, selling at $700k is a good deal wouldn't you say?

 

Well, if you die now, all your CPF monies will be given to your immediate family. These monies wun just disappear. If you dun have a chance to see the CPF monies, dun worry, your family will be laughing all the way to the bank.

[Leeshunda100]

You know what, the past 3 years or so, the immortals seem to be making a lot of mistakes????

 

Why ah? The funny thing is, we lesser mortals are lapping it all up. I dun expect any changes 5 or 10 years down the road.

 

 

U r right! ever since the change of hands back to my familee everything just co*k up. Mp talk without going throught the brain, do funny funny things, i never try before mee siam mia hum. can any1 tell me where can i eat it during my lunchtime?

Edited May 16, 2009 by Leeshunda100

[Leeshunda100]

Try going old Delhi. Their poor are living on make shift tents on the streets, young children begging on the streets. It becomes a vicious cycle. The 'struggling poor and needy people' in Singapore would appear to be living in Heaven when compared to them. Dun over exaggerate your stories about 'struggling to survive on a day to day basis'. Heard of anybody in Singapore who dies of hunger, starvation on a daily basis?

 

Bro, do u know that in SG it is an offence to beg in the public?

I remember 1 of our star told the reporter that if u go to new york u can see beggers on the streets but u cant find 1 in sg

[Leeshunda100]

Buying an 'expensive' HDB at $200k, selling at $700k is a good deal wouldn't you say?

 

Well, if you die now, all your CPF monies will be given to your immediate family. These monies wun just disappear. If you dun have a chance to see the CPF monies, dun worry, your family will be laughing all the way to the bank.

 

Bro, unless ur dad got leave some monies for u. it is a vicous cycle

[Route88]

This is the worst one single fund lost during this period.

 

http://www.cnbc.com/id/15840232?video=1124895352&play=1

[Vroomtattat]

Long term?

 

Wrong term??

[Turret]

I guess this is one way the new management wants to flush out those toxic assets left by the pre-decessor.....

[Blueray]

 

once again cos mistake is made by elite group, no accountability ...

 

can build a Circle Line with that amount of money.

[Romanc88x]

surprised there is no accountability mentioned with so much $$$$$$$$$$$$$ losses

[Hishercar]

you must be joking

 

their presence is already a statement of accountability, that is, nobody else could have done better

 

if someone else it could have cost singaporeans a arm and a leg

 

 

[Dynaway]

When shares gamblers get caught in the wrong direction, they usually try to save face and say they are investing for the long term, that the particular company has very good long term prospects etc.

 

Tama-de-sick have that typical looser kind of strategy. It's fine and good that they made a mistake in strategy, and bought in ML and BoA too early. What they had failed to do, is to cut loss early enough once the investment showed signs of turning sour. Instead they held on to the hope that in 10 - 20 years time, all the losses will eventually turn around, and that the paper loss for now is just that, it's not realised losses. So they procrastinated.

 

It's a very rookie mistake, and I thought they had professionals running the show?

 

 

hahaha... not only tama-de-sick lah..... since when u see our garment got acknowledge policies tat is "good" for the ppl to be a flop???

 

how many times have u seen tat happening????? seems like a PERFECT world isnt it?

 

perhaps "failure" is not found in their dicktionary

[Vtim]

Try going old Delhi. Their poor are living on make shift tents on the streets, young children begging on the streets. It becomes a vicious cycle. The 'struggling poor and needy people' in Singapore would appear to be living in Heaven when compared to them. Dun over exaggerate your stories about 'struggling to survive on a day to day basis'. Heard of anybody in Singapore who dies of hunger, starvation on a daily basis?

 

I think you need to spend some volunteer time with some social workers, then you'll know that they are "poor and needy people" in Singapore.

 

The reasons that there isn't "anybody in Singapore who dies of hunger, starvation on a daily basis" is because there are charities around that provide food/voucher to those that are needy. Just do some house call to those old and needy that are living in one room government rented flat to see for yourself.

 

 

[Vtim]

Buying an 'expensive' HDB at $200k, selling at $700k is a good deal wouldn't you say?

 

Well, if you die now, all your CPF monies will be given to your immediate family. These monies wun just disappear. If you dun have a chance to see the CPF monies, dun worry, your family will be laughing all the way to the bank.

 

 

Unless your $200k if fully settle and sell at $700k, then it is a good deal, don't forget there are interested to be paid for the HDB loan.

 

Ha, even CPF monies goes to my kids next time, they still cannot take it out, how to laugh all the way to the bank

[Eyke]

Buying an 'expensive' HDB at $200k, selling at $700k is a good deal wouldn't you say?

 

what is the percentage of s'poreans that buy HDB at $200K and sell at $700K?

 

you trying to con kids izzit? taking a few extreme examples to generalise to all s'poreans?!