Update: Temasek sold BOA shares

last SG · 2009-05-15T21:52:36+00:00

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angel7030 SG

i feel angry at first when i read this news but we should look at whole picture....

what is the money level compared to 5 years ago.. compared to if they have just keep money in bank deposit or safe box only.

if their current money is more than if it is keep in safe box 5 year ago.. or whatever amount of years ago... then we have no right to scold them...

if because of the loss, the money is much lesser than 5 or 10 years ago.. then we have the right to called them stupid....

To speak for PAP and temasak.... i think nobody in singapore would have do a good job either....

everyone, singaporeans and foreigners is best at complaining and critizicing. But if they themselves do it.. i know they will also corked up big time also.... Because humans being, mostly, are cocked up.... except for me...

i am sorry, but they are human beings, they call themselves the higher beings, kinda of like saints of Singapore. No no no, they dun cork up one, you are wrong, Saints is different from Human, they dun cork up, they only cork in and prepare to shoot anyone who said they are cork up.

angel7030 SG

Gambling will not pay.......

this is the curse of the casino mentality of our leaders

More ill fortune will be on the way........unless they close down the Casino.!!!.

My fren,

At this moment, close down of casino would mean closing them altogether, so do you think our leaders are so cork up to close it down?

Dun worry, let heaven decide. It had struck the merlion as the first warning to them, and if they still dun wake up, the next one maybe the dome of city hall. Good luck.

MINIGUN2000 SG

eh???he could become a top lawyer???why not say he could go become top military general€:::??and while at it he can go pin some self imposed medals on himself!

becoming a politician is no big deal!!

look at george bush!!!does he look like a top gun???he will be lucky if he dun die eatin a pretzel!

look at the noth korean dictator with the bad haircut!!does he look like he knows anything???the haircut speaks for itself...he should just might as well shave it all off n look more credible....all the south koreans laff when they mention bout north korea!

look at the british prime minister...or french ...or italian..or russian........

which politician is the honest and decent ones here???none!zilch!!

buncha good fer nuthin self imposed medal pinnin cheats !

MINIGUN2000 SG

and what did lky do for singapore to demand his high salary today???

didnt we pay him already back in the past????/some politicans werk for love of his country and are rewarded accordingly not overexceedingly!

so what is he asking so high for a pay when he couldnt perform as well as he did in the past in 70s....which we already paid for more than enough in the good old days for services rendered!

why does he want the payin fact it should be accounte4d for according to his work personally done to singapore in documents!i dun find anything worth documenting for any of his efforts...if they were his even to start with!!so why is he asking so much for???and why wwere his salary so much and when was this so much and why??is it all justified compared to all gretaer world leaders??

MINIGUN2000 SG

and how much was ADOLF HITLER GETTING?

angel7030 SG

and what did lky do for singapore to demand his high salary today???

didnt we pay him already back in the past????/some politicans werk for love of his country and are rewarded accordingly not overexceedingly!

so what is he asking so high for a pay when he couldnt perform as well as he did in the past in 70s....which we already paid for more than enough in the good old days for services rendered!

Having said all about LKY and his paid, so what are you going to do??? Go to one corner and get an erection??

Or i should rephrase it, What Can you do?? you also lan lan do nothing mah.

MINIGUN2000 SG

adolf hitlers salary at that time was concluded as attractive onlyc for such a country wiv natural resources such as coal,iron,vast land,fresh water,agriculture etc etc.

lky salary at that time was concluded as stunning for such a country wiv no natural resources such as no iron...no coal...no vast lands... nor fresh water,,,no food etc etc.

SHAME ON HIM!

MINIGUN2000 SG

I???WE!!!THE ENTIRE PLANET AND HUMAN CIVILISATION IS RECORDING HIS EVERY MOVE SINCE 1960S.....HE DUN NEED TO EXPLAIN TO ME OR U OR ANYONE ELSE!

HE NEEDS TO EXPLAIN TO HUMANKIND!

WE THE ENTIRE WORLD OF HUMANS IRREGARDLESS OF WE BE SHOT,RUNNED OVER BY TANKS...BLOWN INTO MILLIONS OF BITS AND AGED OVER THE CENTURIES WILL MARK HIM AND ALL HIS DEALS AND "FRIENDS" ETCHED IN COLD STEEL,BLOOD AND PEN IN THE HISTORY OF MANKIND FOREVER!

DONT BOTHER TO BRIBE!!THE MONEY IS INSUFFICIENT FOR THAT...U HAVEE ENTIRE BILLIONS ONLY FOR NOW....NOT THE ENTIRE PLANET!

angel7030 SG

adolf hitlers salary at that time was concluded as attractive onlyc for such a country wiv natural resources such as coal,iron,vast land,fresh water,agriculture etc etc.

lky salary at that time was concluded as stunning for such a country wiv no natural resources such as no iron...no coal...no vast lands... nor fresh water,,,no food etc etc.

SHAME ON HIM!

Adolf lived on gas from burning jews at the gas chamber. He dun hv to worry about money. What he wants he get it.

LKY is different, he lives by giving gas to the nation, therefore his contribution to Singapore and singaporeans alike, command a high price tag.

Daddy!! SG

how many power stations could we buy with USD 4 billions ?

from losing 300 to 400 millions to 3 to 4 billions, let her go on, we might lose the whole house!

have some grace and step one side.

MINIGUN2000 SG

TO JGHO83:

WHAT CAN U DO??

U KNOW???THE SAME THING HAPPENED TO A DOG THAT WAS CAGED IN CHINA WAITING TO BE SLAUGHTERED FOR DINNER!

I DONT SEE HOPE FOR ANYONE LIKE U WITH THOUGHTS LIKE THAT!

BUT THERE CAN STILL BE HOPE FOR HOPELESS PEOPLE LIKE U!TRY NOT TO THINK LIKE THAT ANYMORE AND U WONT END UP LIKE SHEEP TO THER SLAUGHTER!

MINIGUN2000 SG

TO ANGEL7030:

ARE U TYELLIN ME LKY BURNS MILLIONS OF PEOPLE ALIVE LIKE HITLER TOO>?

THATS WHY HE HAS TO EXPLAIN OR CANT EXPLAIN TO HUMANKIND!

BUT BURNIN OF JEWS WERE NOT UNDER HITLERS ORDERS....HE WAS A PARTIAL JEW HIMSELF.....AND HE MIXED WITH JEWS TOO WHEN HE WAS YOUNGER. IT WAS THOSE PEOPLE WHO WANTED TO BE BETTER THAN NAZIS WHO MADE IT SO.HITLERS GERMANY WASNT SO ORDERLY AS IT APPEARED...BEHIND THE SCENCE FROM FOREIGN CORRESPONDENCE B4 WW2 REVEALED A CHAOTIC SYSTEM!

LKY???GIVE GAS OR HOT AIR???THE OIL N FUEL STEMS FROM A STRATEGIC LOCATION OF SINGAPORE TO REST OF THE WORLD.EVEN WITHOUT LKY....JUST GET ANY STSNDARD ISSUED POLITICIAN,,,,HE CAN ALSO DO THE JOB.....BUT THING IS WHERE N WAT DID HE DO TO THE ZILLIONS OF DOLLARS???

A HIGH PRICE TAG THINGY???MORE LIKE WATERED DOWN WHISKY OR WATERED DOWN PEPSI!

4sg SG

So if temasek sold all the share for BOA, is it implying that there is not future in this bank? And how about citibank?

The banks are insolvent, their liabilities far exceed their assets. The Federal Reserve is also bankrupt. The greedy bankers in cohort with the shadowy Feberal Reserve have conned the world.

Go and read the book The Shadow Money Lender" by Malaysia Mathias Chang. He is a Malaysian of Chinese descent. He is a Barrister of 31 years standing and once served as the Political Secretary to the former Prime Minister of Malaysia, Tun Dr. Mahathir Mohamad. He is the author of three bestsellers, “Future FastForward”, “Brainwashed for War, Programmed to Kill”, and “The Shadow Money-Lenders and the Global Financial Tsunami”, published in the US and in Malaysia.

4sg SG

repeat deleted

charlize SG

I don't know but it looks like they sold at the lows of the market.

Stock market started moving up sometime in March, almost exactly when they sold off all their BoA shares.

Talk about bad luck.

4sg SG

14 May, 2009 Reuters

RIO RANCHO, New Mexico – President Barack Obama raised the prospect on Thursday that China and other nations could stop buying U.S. debt and said the United States needed to tackle its deficit to avoid long-term economic damage.

"The long-term deficit and debt that we have accumulated is unsustainable. We can't keep on just borrowing from China or borrowing from other countries," Obama told a town hall meeting event in New Mexico.

"We have to pay interest on that debt and that means that we're mortgaging our children's future with more and more debt," he said.

China is the single largest holder of U.S. debt and owned $744 billion worth of U.S. government securities at the end of February, the latest month for which data is available, according to the U.S. Treasury.

Obama said the debt situation would create greater economic problems if foreign countries like China lost their appetite for U.S. treasuries.

"What's also true is at some point they're just going to get tired of buying our debt," he said.

"And when that happens, we will really have to raise interest rates to be able to borrow and that will raise interest rates for everybody."

The White House estimated earlier this week the U.S. budget deficit will be $1.84 trillion for the fiscal year that ends September 30.

Obama has pledged to halve the U.S. deficit within four years despite implementing economic stimulus measures that will make it larger in the short term.

[FF Editorial: For the first time An American President has openly admitted that there is no way that the current US debt can be sustained. This has been a stark reality for years, but everyone chose to bury their heads in the sand, and pretend all is well. The implications of this admission are far reaching. By way of analogy, if you are a banker and there are no prospects whatsoever of a borrower repaying the principal and interest because the same has ballooned to such an extent, it is a physical impossibility, would you continue lending? And if other bankers are not willing to lend as well, what would be the ultimate outcome? Default! When US defaults as I had stated repeatedly in all my publications since 2006, you can imagine the economic and financial meltdown that follows. It will be the end of America as we know it. Period!]

http://futurefastforward.com/feature-articles/1661

charlize SG

They still have citibank shares.

Maybe this investment will be for long term.

Just in case.

4sg SG

They still have citibank shares.

Maybe this investment will be for long term.

Just in case.

But the crisis is very deep. If you read the book by Mathias Chang, he shown that all the while, there is a long, hidden conspiracy by the bankers and the fed to deceive - until now.

They hold hoping for a turnaround.....a gamble that things will turn out right.

charlize SG

Tell that to the ah mahs, ah peks and uni students all punting their retirement / tuition money on the recent stock market rally.

Property agents are going into forums asking people to buy singapore property because of inflation, IR, F1 and increased population.

A lot of people believe that it will be a V shaped recovery.

After the mauling the markets got in the past year, people think the worst is over and it is time for quick riches again.

Who gives a shit about economic fundamentals like massive unemployment, falling wages, bankrupt banks and MNCs or the US trillion dollar debt ?

4sg SG

Tell that to the ah mahs, ah peks and uni students all punting their retirement / tuition money on the recent stock market rally.

Property agents are going into forums asking people to buy singapore property because of inflation, IR, F1 and increased population.

A lot of people believe that it will be a V shaped recovery.

After the mauling the markets got in the past year, people think the worst is over and it is time for quick riches again.

Who gives a shit about economic fundamentals like massive unemployment, falling wages, bankrupt banks and MNCs or the US trillion dollar debt ?

Not surprise....many ppl go by gut feeling and not by market research. Even market research (which I have subcribed to, some also say v shape recovering, some not sure yet.)

Derivative is nothing more than a scam. And this scam has not been fixed yet.

(If I got time, I will post one article on derivative. Must scan or it type out.)

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