Singapore is “forced’ to help since we’ve the reserves…but why
convert when U can buy even cheaper the Citibank shares from the
farket US 1.60 vs conversion price of preferred stock
at USD 3.25…no wonder SG want to dip into our reserves
to help the economy to prevent critics from emaphaising our $58b
loss..see LKY even tried to justify HO Ching
mistakes,,,,,,shares are for long long haul..the probelm may not
recover or >10years to recover….opportunity cost again
Right, opportunity costs. Not
just opportunity costs in terms of stocks and share but
opportunity costs in the using of the
money for the Singapore economy. Using the money to create high
salaries jobs for Singaporeans.
But the cursed despot, is more
interested, as usual, to promote the interests of his relatives,
cronies, political party and dogs.