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LoginGIC invests $14 billion in Swiss bank UBS
322 posts
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... should the "investment" be seen as a bailout of UBS with money taken from Singaporeans?
It should... because with the carnage in the markets, there are and will be many good and excellent opportunities...
... as it is the deal is subject to the approval of UBS shareholders in February... at the rate the markets are moving, anything could happen by February... and Singapore's hands are tied while UBS has the option to pull out...Edited by AndrewPKYap 16 Dec `07, 11:04AM
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... and don't forget that the $14 billion is "add-on"; the losses they have been suffering is mind-boggling.... and now, lose another 5% in one day after they throw another $14 billion in...
.. how much money had they already lost? You think that the propaganda press will tell you? ... use your brains a little mah...
Edited by AndrewPKYap 12 Dec `07, 6:46AM
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Originally posted by AndrewPKYap:
Can you believe this crapzz..... they take Singaporeans money... raise GST, ERP and what nots and say that they have no money to take care of the aged but they can lose [b]5.57% of tens of billions of dollars in just one day...
... bloody despots....[/b]If one was trying to buy stocks in a bear market/crisis, it is almost certain that the value of the of the stock would fall. But investors who do so usually take a longer term out look and only time can tell if they are right.
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Originally posted by AndrewPKYap:
Can you believe this crapzz..... they take Singaporeans money... raise GST, ERP and what nots and say that they have no money to take care of the aged but they can lose [b]5.57% of tens of billions of dollars in just one day...
... bloody despots....[/b]Once again I find the need to remind you that taxes and government policies have NOTHING to do with the financial arm(which happens to be extremely profitable). There is no doubt in my mind that if Andrew were in charge of Temasek instead, we would all have crashed and burnt long ago.
Just review how many times he predicted market crashes and would have lost money. Oh that's right. Andrew is a traditional long-only trader. How is he qualified to talk about futures and forex again? It's a paradox. He can't be both.
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The ONE and ONLY way not to lose any $$ is NEVER
DO BUSINESS!!
What would happen if SG never set up TEMASEK and GIC
and park our forefathers $$ in DBS?
The money is still peanuts.
2.If u trust what PAP says,our forefathers hard earn $$
now give us bullets to fight any finance monster who
want to sabotage Sing $$.
But do not think how to spend all these reserve.
Our forefathers never enjoy any money.
We can not put our hands on the money,too.
Just for emergency for this generation or next generations....
If u dunt generate,so be it....
3.Who can have 9 % stake in a company of capitalisation of US$135,715 million or US$135.7 billions,Dear?
Yes,UBS lost big Money in subprime.If u look at her history and being
''It is the world's largest manager of private wealth assets,[citation needed], "the world's biggest manager of other people's money"[1] and is also the second-largest bank in Europe, by both market capitalisation and profitability.'',
SG really has a catch.Thanks for subprime crisis.
Otherwise,SG never has this chance.
1 CHF=0.88 US$$
Look at the figures.My child will never go to bed hunger.
4.The ways to make money is to take reasonable risk and acceptable risks
BTW,do u know which bank we are talking about?
GIC says has no investment in CDO'
GIC guys are not so smart and conservative.Thats why they dunt touch
CDO....
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Originally posted by googoomuck:The funds managed by GIC belong to govt of SGP and MAS. The public gets nothing if there's profits ......but where did govt or mas get the funds from? ......
heheheIt's time you people came to terms with the fact that the money you pay as taxes don't belong to you anymore. And no, it's not a giant conspiracy.
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Originally posted by googoomuck:The funds managed by GIC belong to govt of SGP and MAS. The public gets nothing if there's profits ......but where did govt or mas get the funds from? ......
hehehe1.LHL said GLC gave funds to govt every year.
...This S$5.1 billion comprises S$4.1 billion of capital receipts (mainly from land sales and other capital receipts) and an additional S$1 billion of investment income, allowed but also not reflected in this budget.....
theonlinecitizen.com
2.
coupon rate of 9 % received by GIC compared with 11 %
paid by Citibank to new share holder who get 11% pa..
One reader wrote to ST and asked if GIC loss out to Citibank
new share holder.
Investment is not buying coke and Pepsi and compare the price.
high or low return do not gurantee the risk level.
Sg property return is just 3 to 5 %.advertisement of MY New property
give you much more.Will i dare to buy MY property?
In the first place,GIC may not have a chance to buy Citibank,
or GIC dunt want put too much on US assets...
The UBS investment may be a signal to dump US assets...
This is a long story.
3.dunt accuse me of crying US dollars will crash
I dunt have crystal ball,so do u.
What i am sure the dollar has been falling for 4 decadesThis is beyond OUR ability to predict whether it will crash and if so,when and how fast.
It is against law of nature that any one and any country
can live on debts for long long time.
Pl note the trends of $$ and US debts match/trade deficit perfectly!!
Chart 1 The U.S. is setting record negative trade balances each year since 1992. In 2006 it set another all-time record with a trade deficits of $836 billion
Chart 3:The end of this down-trend is not in sight.
Here's the chart of long-term trends of the international rate of exchange of the U.S. dollar.
Sing $$ jumps from $3 in 1991 to now 1.5xx.
Pl note UD has been dropping aginst ALL main currency,
recently incl RMB!!
This layman theory is:
Huge trade deficit leads to huge debts and lead to
dropping dollars.
What do u think?Edited by lionnoisy 12 Dec `07, 4:50PM
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GIC's investments in UBS is a long term investments benefiting our Singaporean children and many more generations to come. It is not only monetary gains. It is also to establish Singapore a role or a recognition in the global place as a participating responsible global member. It is symbolic to paying for a global country club membership which does not expire because UBS is the largest in Switzerland. So that our children could go and work in the other parts of the world with their heads high and not being discriminated against etc.
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Originally posted by lionnoisy:2.If u trust what PAP says,our forefathers hard earn $$
now give us bullets to fight any finance monster who
want to sabotage Sing $$.
But do not think how to spend all these reserve.
Our forefathers never enjoy any money.
We can not put our hands on the money,too.
[/img]What bollocks are you on about? As a matter of fact, you don't need any money to prevent speculative attacks on your currency - just take a look at how the North Korean won is safeguarded from speculation!
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Originally posted by Daddy!!:GIC's investments in UBS is a long term investments benefiting our Singaporean children and many more generations to come. It is not only monetary gains. It is also to establish Singapore a role or a recognition in the global place as a participating responsible global member. It is symbolic to paying for a global country club membership which does not expire because UBS is the largest in Switzerland. So that our children could go and work in the other parts of the world with their heads high and not being discriminated against etc.
If your theory held true, staff in the banking industries should still be, by and large, disproportionately American...
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Originally posted by walesa:On a sidenote, how is the GIC's investment in UBS any better (or different) than Temasek's desperately ill-advised bid for Barclays just prior to the latter's bid for ABN Amro fell through?
If you dont intend and need to cash out your investment, there is really no need to worry about that. Companies like UBS and Barclays are very well run companies and they will be able to ride out the storm.
As Warren Buffet said, when he buy into the company, he would like to hold on to it forever and his company's result speaks for itself.
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how to confess...
