Wow! I was away for awhile, now I'm back, this thread is still
open.
I only bothered to browse the 1st page and the last. I only want
to highlight 2 points.
1. Those who believe the conclusions drawn by what TS posted and
what A_drewyap posted obviously don't know what the fu ck Temasek
(T) is doing. T increased their stake in Merrill Lync(ML), with
US$3.5 billion. Of this US$3.5 billion, US$2.5 billion came from ML
themselves, with T paying only close to $1billion. ML is actually
compensating T for the loss that T didn't make when T invested in
them initially. When T sign the purchase agreement with ML, there
is a clause that says that is if T were to issue you equity shares
later on, you have to compensate us an amount, which in this case,
equals to US$3.5 billion.
So for those who understand what I'm talking about, do you
really really think GIC/Temasek is stupid?
For those who do not know what the hell is happening, and am
just jumping onto the bandwagon to blast the government to look
cool, please use your head and think. You may look (and maybe even
really feel) cool here, in this small forum. But in the real world,
I guess you're just a laughing stock, that's not even worth
laughing at.
2. I can't believe I actually spend time replying to this
thread, again.
Yes ofcors.. GIC/T is not stupid.
It's ML thats really stupid , yes ?
