if these super banks can lose so much money this time round,
there's no gurantee that they won't lose money on such a grand
scale again.
and if that happens, it would be OUR $$$ which would be flying
away.
rmb bear stearns, bear-ish indeed, from hero to zero in weeks.
they ended up almost bankrupt, with their shares going for
pennies.
it must indeed be such a "wise" decision for GIC to pump so much
money into such "impressive" companies. wise indeed.
My guess is GIC pumps in money so they can continue to survive
this time round. Then when the economy picks up again, the share
price will raise again. Just my 2 cents... Opinions very welcomed
because I want to learn more about this area too.
