Thursday, September 25, 2008

GIC? Whose Money is it anyway?

I read Esther Fung of Today's Hot News // Wednesday, September 24, 2008 GIC eyes distressed US assets.

Pardon my cynicism, but who's money is it anyway?

It's much ado about nothing

If my English serves me correctly, sovereign brings to mind king, queen and royalties. In this little red dot where the sovereign virtue is nothing but greed and despotism, the sovereign wealth (actually bloody taxes, GST, ERP, CPF and HDB and other payment from the people of Singapore) ends up all over the world including some in a football club in Manchester City which went from Thailand to Middle East now :)

Talk is cheap and posterior protection is the name of the game and nobody will tell you how much of SWF has gone into Lehman Bros and AIG? Too bad, with our opaque transparency, we'll never know.

"But these are long term investments" - Another case of "chui kong lumpar song" (mouth talks, testicles feel good). We are having the "golden period" too! Yes, bloody bleeding like crazy for Singaporeans! Some blokes are losing their pants from previous investments and some will lose their jobs too!

Money in GIC
Money in Temasek
Up or down
Makes every Singaporeans (except Sovereign Singaporeans) clowns!

It's never ours
It's never our children's nor grandchildren's.
It's just sovereign funds
For sovereigns to play with!

Why sweat over it?

Much ado about nothing!

feedmetothfish

18 Comments:

At September 25, 2008 at 11:02 AM , Anonymous Anonymous said...

You are right to ask.
I believe the citizens should ask President Nathan to ask the Lee Family, because he himself has no clue.
I am sure Nathan is glad that he was not given any responsibility, except to think of more ways to spend his paycheck.
Having said that, we cannot expect Nathan to do the asking because we guys did not elect him in the first place. WTF !

 
At September 25, 2008 at 11:20 AM , Anonymous Anonymous said...

One thing 4 sure the gov will try ways n means to keep our CPF money for longer period so to plug the big hole caused by the huge loss in the recent investments. So expect less money to be drawn when reaching age 55.

 
At September 25, 2008 at 11:37 AM , Anonymous Anonymous said...

Feed Me To The Fish,
forget about these gullible people because majority of singaporean are stupid people.

Just because MSM and news did not explicitly state GLC/Temasek invest in Lehman bro does not mean they did not invest in it. Did people forget that there are such thing as 3rd party ? How's about ShinCorpse which Temasek use a third party and try to cirumvent the law ?

It is the same here, by using third party instrument to do investment so that no one will find out and question about it. People only believe what they hear and see.
Now CPF goes into MAS and back to Temasek for investment ? Yeah, CPF don't go to Temasek after all, My foot ! Gullible and Naive Singaporean.

People want evidence ? Only stupid people ask for evidence when there is a serious lack of transparency and accountabiliy in gov.

Feed these Singaporeans to the Shark to wake them up

 
At September 25, 2008 at 1:37 PM , Anonymous Anonymous said...

Does anyone know how much are the reserves in GIC/Temasek? I know the guy in the Istana is working on it over the last 10 years or so. But the recent excuse is that they cannot reveal the size of the reserves because it is of national security concern. So, nobody knows how much are the reserves, and in the same tone, some day, nobody knows where or what happened to the reserves.

 
At September 25, 2008 at 5:07 PM , Anonymous Anonymous said...

Haiz.

Whose. Not who's.

 
At September 25, 2008 at 5:14 PM , Anonymous Anonymous said...

Haiz

whaz izzit to you? made you cleber meh? you cleber, take ober MM place lor. hehe

 
At September 25, 2008 at 5:20 PM , Anonymous Anonymous said...

Looks like things are catching up very rapidly with this govt. The USA needs something like 700 bil US$ to calm the market. Whatever money GIC and Temasek have invested, would have been swallowed up and worth only a fraction of the original value. Now we have the DBS high notes saga. This will wake the citizens up for trusting this damned govt too much.
I only feel sorry for the 33.4 %.

 
At September 25, 2008 at 5:22 PM , Anonymous Anonymous said...

Perhaps they should rename sovereign funds to.....sovereign fun instead?

 
At September 26, 2008 at 1:02 AM , Blogger FeedMeToTheFish said...

Hi Haiz,

Thank you for your visit and helping me with my English. I stand corrected and now it's Whose instead of Who's.

feedmetothefish

 
At September 26, 2008 at 9:27 AM , Anonymous Anonymous said...

bloggers who are clamouring for MAS to act on DBS high notes have got it wrong.
Check out the management board of DBS - you can't touch this.
And if GIC and Temasek holdings make any mistake - you can jolly well try to put the management board to task - sorry, even CPIB reports directly to PM office - (or MM?).

 
At December 2, 2014 at 2:09 PM , Blogger oakleyses said...

christian louboutin shoes, louis vuitton outlet, true religion, coach outlet, gucci handbags, polo ralph lauren outlet, christian louboutin outlet, michael kors outlet, prada handbags, nike outlet, polo ralph lauren, ray ban outlet, nike free, michael kors outlet store, louis vuitton handbags, louis vuitton, cheap oakley sunglasses, christian louboutin, chanel handbags, tiffany and co jewelry, michael kors outlet online, ray ban sunglasses, oakley vault, prada outlet, michael kors outlet online, true religion outlet, michael kors outlet online, nike air max, coach outlet store online, oakley sunglasses, burberry outlet online, nike air max, michael kors handbags, longchamp outlet online, kate spade outlet online, burberry outlet online, longchamp handbags, kate spade outlet, jordan shoes, red bottom shoes, longchamp outlet, tory burch outlet online, coach outlet, louis vuitton outlet online, louis vuitton outlet, coach purses, tiffany jewelry

 
At December 2, 2014 at 2:12 PM , Blogger oakleyses said...

louis vuitton pas cher, ralph lauren pas cher, vans pas cher, lululemon, lacoste pas cher, nike air max, air max, abercrombie and fitch, timberland, nike free pas cher, sac michael kors, louis vuitton uk, north face, new balance pas cher, barbour, north face pas cher, tn pas cher, nike roshe run, burberry pas cher, hollister, ray ban pas cher, nike air force, true religion outlet, ralph lauren, mulberry, nike air max, oakley pas cher, nike free, longchamp, chaussure louboutin, nike roshe, michael kors canada, air max pas cher, true religion jeans, sac louis vuitton, longchamp pas cher, hollister, michael kors uk, converse pas cher, air jordan, louis vuitton, scarpe hogan, ray ban uk, nike blazer pas cher, guess pas cher, sac vanessa bruno, hermes pas cher

 
At December 2, 2014 at 2:23 PM , Blogger oakleyses said...

lululemon outlet, abercrombie and fitch, ugg, p90x workout, uggs outlet, celine handbags, babyliss, nike roshe, asics shoes, canada goose outlet, marc jacobs outlet, giuseppe zanotti, uggs on sale, canada goose outlet, ferragamo shoes, new balance outlet, soccer shoes, nfl jerseys, soccer jerseys, ghd, ugg boots, nike huarache, uggs outlet, north face jackets, canada goose outlet, replica watches, instyler ionic styler, beats headphones, birkin bag, reebok shoes, ugg soldes, jimmy choo shoes, mac cosmetics, ugg boots, mcm handbags, insanity workout, herve leger, vans outlet, mont blanc pens, bottega veneta, ugg outlet, longchamp, chi flat iron, wedding dresses, valentino shoes, north face jackets, hollister, canada goose

 
At December 2, 2014 at 2:29 PM , Blogger oakleyses said...

juicy couture outlet, pandora jewelry, moncler, wedding dress, pandora charms, juicy couture outlet, hollister canada, swarovski jewelry, moncler, moncler outlet, converse, karen millen, nike air max, montre femme, hollister clothing, converse shoes, replica watches, canada goose, uggs canada, moncler, gucci, ralph lauren, vans, pandora uk, moncler outlet, louboutin, thomas sabo uk, ray ban, coach outlet, lancel, timberland shoes, swarovski uk, canada goose, iphone 6 case, toms outlet, oakley, air max, moncler, hollister, canada goose, louis vuitton canada, links of london uk, ugg, canada goose pas cher, baseball bats, supra shoes, moncler, parajumpers outlet

 
At July 4, 2015 at 10:29 AM , Blogger Unknown said...

oakley sunglasses cheap
coach factory outlet
gucci outlet
gucci outlet online
air max 2015
louis vuitton handbags
abercrombie kids
christian louboutin sale
coach factory outlet online
replica watches
burberry handbags
cheap oakleys
jordan retro 8
kate spade outlet
chanel handbags
michael kors outlet
burberry handbags
cheap oakleys
chi hair strighteners
michael kors purse
gucci
tods sale
beats headphones
coach outlet
michael kors outlet
louis vuitton
louis vuitton handbags
oakley sunglasses
fitflops outlet
michael kors outlet
christian louboutin outlet
tory burch outlet online
jordan 6 rings
fitflop
michael kors outlet
20150704xiong

 
At January 14, 2016 at 3:13 PM , Blogger mmjiaxin said...

cheap uggs
coach outlet store
herve leger dresses
michael kors outlet
michael kors handbags sale
ray ban outlet
oakley,occhiali oakley,oakley italia,oakley occhiali,oakley sunglasses
tods outlet
michael kors uk
michael kors uk outlet
michael kors outlet
mulberry handbags sale
swarovski crystal
prada outlet online
hermes birkin bag
oakley sunglasses canada
swarovski outlet
oakley canada
ysl outlet
ray ban sunglasses
michael kors uk outlet
nba jerseys
coach outlet online
michael kors outlet online
moncler jackets

 
At September 13, 2016 at 9:16 AM , Blogger Hua Cai said...

cheap jordans
nike outlet store online
canada goose outlet
hollister shirts
lululemon outlet
uggs on sale
michael kors outlet online
uggs on sale
lebron james shoes
mulberry handbags sale
air max 90
michael kors handbags on sale
lebron shoes
air max 90
longchamp pas cher
fitflops clearance
nike blazer pas cher
ugg boots
puma outlet
ugg boots
links of london
fitflops sale
burberry outlet
coach outlet
dior outlet
true religion jeans
michael kors uk outlet
cheap nfl jerseys
ferragamo shoes
christian louboutin outlet
ray ban sunglasses sale
ray ban sunglasses sale
oakley sunglasses sale
louis vuitton
coach outlet
20160913caihuali

 
At April 13, 2017 at 9:35 AM , Blogger Unknown said...

replica rolex
coach handbags
michael kors uk
miami heat
pittsburgh steelers jersey
louis vuitton pas cher
coach outlet
boston celtics
new york knicks
cheap ray ban sunglasses

 

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home