Flying_genie 6th Gear November 15, 2022 Share November 15, 2022 Why nobody speak about Temasek's exposure? Taboo subject? ↡ Advertisement Link to post Share on other sites More sharing options...
Wt_know Supersonic November 15, 2022 Share November 15, 2022 (edited) 14 minutes ago, Flying_genie said: Why nobody speak about Temasek's exposure? Taboo subject? Blackrock Sequoia Softbank Temasek Ontario Pension Fund etc etc ... another 50 in the list it seems like SBF punk'ed all of them .... either SBF is damn fking smart who out-think all of them or "investors" damn stoopid .... many reports said ... it's no stoopid but the investment manager all want fast and furious 10x investment return ... hence, little to no due diligence ... just want to throw money in ... when money is lost ... all just said ... sup sup water la ... less than 2-3% of the portfolio .... 2-3% portfolio is the average to "whack risky stuff" .... Edited November 15, 2022 by Wt_know Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 15, 2022 Share November 15, 2022 4 hours ago, Wt_know said: 2019-2022 within 4 years FTX grows into a 32B valuation company no red flag? To the naive investor this is a buy signal. If it's going up must get in because it's going up more. That's how amateurs play. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 15, 2022 Share November 15, 2022 If there is one thing consistent in history. Stupid people always get burned. Even Larry David say don't invest. Can there be a clearer signal? 12 minutes ago, Wt_know said: Blackrock Sequoia Softbank Temasek Ontario Pension Fund etc etc ... another 50 in the list it seems like SBF punk'ed all of them .... either SBF is damn fking smart who out-think all of them or "investors" damn stoopid .... many reports said ... it's no stoopid but the investment manager all want fast and furious 10x investment return ... hence, little to no due diligence ... just want to throw money in ... when money is lost ... all just said ... sup sup water la ... less than 2-3% of the portfolio .... 2-3% portfolio is the average to "whack risky stuff" .... Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 15, 2022 Share November 15, 2022 Red flags. This is the next big thing and profits and returns cannot be measured in the old way. The is the last train out of town. Miss it and it will never come back. Valuation don't apply to this type of companies. He is the new Messiah and this company is a game changer that will rewrite the laws of physics. Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 15, 2022 Share November 15, 2022 Bull shit has always been bull shit. The emperor has no clothes. Investment rules don't apply to IT and Fintech companies. Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 15, 2022 Share November 15, 2022 The only thing every Ponzi scheme has in common. Stonking hot returns! Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 15, 2022 Share November 15, 2022 (edited) Anyone wants to put money into jamesc MIL Ponzi scheme. 1000% returns. Come come and get in quick or miss out forever. Edited November 15, 2022 by Jamesc Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 15, 2022 Share November 15, 2022 FTX people put money in while Liverpool with a knocked down price of just 2.7 billion they ignore. 2.7 billion is a bargain when a sucker bought Chelsea for 4.25 billion. I know I will perm my hair like SBF and get a stupid look and people will think I am a genius and invest in jamesc massage and used car and football consortium. I will name the company BRB. Big Red Bird Rub Drive Play Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 15, 2022 Share November 15, 2022 Invest in BRB Drive Rub Play Link to post Share on other sites More sharing options...
Windwaver Turbocharged November 15, 2022 Share November 15, 2022 Though I heard Temesak, Ontario Teacher, etc? Link to post Share on other sites More sharing options...
Victor68 Turbocharged November 15, 2022 Share November 15, 2022 https://www.theonlinecitizen.com/2022/11/13/forbes-reports-temasek-having-invested-us205m-into-bankrupted-cryptocurrency-exchange/ While there is always risks for investment, wonder any explanation for this? Link to post Share on other sites More sharing options...
Windwaver Turbocharged November 15, 2022 Share November 15, 2022 FOMO Link to post Share on other sites More sharing options...
Ct3833 Supersonic November 16, 2022 Share November 16, 2022 we should feel proud of being a SGPrean, the COO of FTX graduated from NUS. https://www.linkedin.com/in/constancewz/?originalSubdomain=bs 1 Link to post Share on other sites More sharing options...
Tkseah Supercharged November 16, 2022 Share November 16, 2022 Temasek have to write off liao.. https://www.bloomberg.com/news/articles/2022-11-16/singapore-s-temasek-to-write-down-over-200-million-in-ftx 2 Link to post Share on other sites More sharing options...
Windwaver Turbocharged November 16, 2022 Share November 16, 2022 https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/ Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022. The lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations in the wake of FTX’s collapse, Interim CEO Derar Islim told customers on a call Wednesday. The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022, according to the company’s website. Genesis Trading, which acts as Genesis Global Capital’s broker/dealer, is independently capitalized and operated separately from that lending unit, Islim said. He added that Genesis’ trading and custody services remain fully operational. Islim told the participants on the call that Genesis is exploring solutions for the lending unit, including finding a source of fresh liquidity. He said Genesis intends to detail its plan to clients next week. Genesis owner Digital Currency Group (DCG) is also the parent company of CoinDesk. "Today Genesis Global Capital, Genesis's lending business, made the difficult decision to temporarily suspend redemptions and new loan originations. This decision was made in response to the extreme market dislocation and loss of industry confidence caused by the FTX implosion," said Amanda Cowie, vice president of communications and marketing at DCG. "This decision impacts the lending business at Genesis and does not affect Genesis’s trading or custody businesses. Importantly, this decision has no impact on the business operations of DCG and our other wholly owned subsidiaries," Cowie added. The decision follows a punishing period for the industry after this month’s implosion of Sam Bankman-Fried’s crypto companies FTX and Alameda Research. Islim said FTX’s dramatic fall had spurred withdrawal requests that exceeded Genesis’ current liquidity. Last week, Genesis disclosed that its derivatives unit had about $175 million in locked funds in its FTX trading account. As a result, DCG opted to strengthen Genesis’ balance sheet with an equity infusion of $140 million. The announcement was noted by Gemini, the crypto exchange and custodian that has a partnership with Genesis. "We are working with the Genesis team to help customers redeem their funds from the Earn program as quickly as possible," Gemini said in a statement. "We are disappointed that the Earn program [service agreement] will not be met, but we are encouraged by Genesis’ and its parent company Digital Currency Group’s commitment to doing everything in their power to fulfill their obligations to customers under the Earn program." Genesis suffered major losses earlier this year due to the failure of hedge fund Three Arrows Capital (3AC). Link to post Share on other sites More sharing options...
Throttle2 Supersonic November 16, 2022 Share November 16, 2022 (edited) 1 hour ago, Tkseah said: Temasek have to write off liao.. https://www.bloomberg.com/news/articles/2022-11-16/singapore-s-temasek-to-write-down-over-200-million-in-ftx Of course, again. Damn KNN Edited November 16, 2022 by Throttle2 1 1 Link to post Share on other sites More sharing options...
Tkseah Supercharged November 17, 2022 Share November 17, 2022 Temasek write off S$377m.. https://www.straitstimes.com/business/temasek-to-write-down-us275-million-in-ftx-says-belief-in-bankman-fried-appear-to-be-misplaced ↡ Advertisement Link to post Share on other sites More sharing options...
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