Comments on: “No regrets” for $6.8bn loss? http://geraldgiam.sg/2009/05/no-regrets-for-68bn-loss/ Alternative proposals for a better Singapore Wed, 01 Feb 2012 03:20:18 +0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Kenny Cee http://geraldgiam.sg/2009/05/no-regrets-for-68bn-loss/comment-page-1/#comment-2628 Kenny Cee Tue, 19 May 2009 14:43:04 +0000 http://geraldgiam.sg/?p=715#comment-2628 I wonder if someone were to ask FM what happened, why sell now, why take a big loss, what was the actual amount (rumors among banking circles locally put the actual number closer to $3b); I wonder if he might say....well, $xxx compared the our total investment book...well, that's peanuts....or...maybe walnuts... No lor, FM; if indeed its $6b+, or however much, it is sweat and tears of Singaporean labor. Temasek needs to disclose, not just the investments that lose money, but those that gain as well. Mostly what I want to know is how much of OUR money do they pay themselves. How much did Mdm Ho get? Maybe peanuts, more like walnuts, most probably....coconuts. I wonder if someone were to ask FM what happened, why sell now, why take a big loss, what was the actual amount (rumors among banking circles locally put the actual number closer to $3b); I wonder if he might say….well, $xxx compared the our total investment book…well, that’s peanuts….or…maybe walnuts…

No lor, FM; if indeed its $6b+, or however much, it is sweat and tears of Singaporean labor. Temasek needs to disclose, not just the investments that lose money, but those that gain as well. Mostly what I want to know is how much of OUR money do they pay themselves. How much did Mdm Ho get? Maybe peanuts, more like walnuts, most probably….coconuts.

]]> By: keenlen http://geraldgiam.sg/2009/05/no-regrets-for-68bn-loss/comment-page-1/#comment-2626 keenlen Mon, 18 May 2009 03:40:50 +0000 http://geraldgiam.sg/?p=715#comment-2626 I'm appalled by this mismanagement and lack of transparency. For a gahmen that never likes to admit mistakes, I think they will just wanna let this all be water that quickly goes under the bridge. They have this habit of practicing, "nothing nice to say, don't say." Yah, especially when its abt themselves! I wonder for all investments over all these years, have they ever suffered that big a loss over a similar duration of time? Guess, it might not have been reported back then. I’m appalled by this mismanagement and lack of transparency. For a gahmen that never likes to admit mistakes, I think they will just wanna let this all be water that quickly goes under the bridge. They have this habit of practicing, “nothing nice to say, don’t say.” Yah, especially when its abt themselves! I wonder for all investments over all these years, have they ever suffered that big a loss over a similar duration of time? Guess, it might not have been reported back then.

]]> By: The SS http://geraldgiam.sg/2009/05/no-regrets-for-68bn-loss/comment-page-1/#comment-2625 The SS Mon, 18 May 2009 01:58:07 +0000 http://geraldgiam.sg/?p=715#comment-2625 1. Parliament sat on April 13, the Filings showed a balance of zero as at 31 March 2009. Why did the FM not inform members during Parliament the stake was sold? And at what price and the extent of the loss? 2. Why does it take a news service, Bloomberg to ask such questions and GET an answer? Is Temasek answerable only to the western press (since local press remains silent)? If Bloomberg didn't ask, Will the People of Singapore who aret he actual owners of the funds even find out? 1. Parliament sat on April 13, the Filings showed a balance of zero as at 31 March 2009. Why did the FM not inform members during Parliament the stake was sold? And at what price and the extent of the loss?
2. Why does it take a news service, Bloomberg to ask such questions and GET an answer? Is Temasek answerable only to the western press (since local press remains silent)? If Bloomberg didn’t ask, Will the People of Singapore who aret he actual owners of the funds even find out?

]]> By: irgen http://geraldgiam.sg/2009/05/no-regrets-for-68bn-loss/comment-page-1/#comment-2621 irgen Sat, 16 May 2009 08:47:44 +0000 http://geraldgiam.sg/?p=715#comment-2621 I cried my heart out when I heard this news. What can $6B do for our old folks, cleaning tables in hawker centres, and picking cardboards and used drink cans in rubbish dumps? Waaaaaaahhhhhhh!!!! I cried my heart out when I heard this news.

What can $6B do for our old folks, cleaning tables in hawker centres, and picking cardboards and used drink cans in rubbish dumps?

Waaaaaaahhhhhhh!!!!

]]> By: Temasek sells entire stake in BofA : The Online Citizen - a community of singaporeans http://geraldgiam.sg/2009/05/no-regrets-for-68bn-loss/comment-page-1/#comment-2620 Temasek sells entire stake in BofA : The Online Citizen - a community of singaporeans Sat, 16 May 2009 05:21:45 +0000 http://geraldgiam.sg/?p=715#comment-2620 [...] From Gerald Giam’s blog: [...] [...] From Gerald Giam’s blog: [...]

]]>