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!

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