
Business // Thursday, October 9,
2008
Some 40 per cent of Temasek’s $185 billion was invested in the
financial services sector as of March 31.
Let's see 40% of $185 billion is $74
billion.
Barclays was around 700 and now around 285... a
loss of 59.2857%
So a 59.2857% loss of $74 billion is $43.87
billion and that is just in financial services.
Let's say the rest, $185-$74, $111 billion is
suffering a loss of 30%, that is $33.3 billion
All in all, the losses are $33.3
plus $43.87 = $77.17 billion dollars.