the doors,
i remember reading many enlightened forumers in sammyboys that the whole economic and financial systems will collapse with global recession and depression and singapore will be hit very badly....and they gave many detailed and factual reports for their prediciton.
and yet our world class leaders did not see this coming and plunged deeply into the cesspool with our hard earned savings. the writings were on the wall for so long and yet we dived into the cesspool!
WTF! even our TCs also dived in....and everyone from the top to the bottom also dived together completely naked!!! KNN! we blind or what??? Everybody knew and we WTF Sinkies didn't know and didn't expect!!! We deserve to be shitted!!!
Singapore's handpicked elite received their education at the Ivy League colleges and universities of the United States. They have absolute faith in the market capitalism espoused by the Wall Street Washington nexus.
Even Singapore's banking and finance sector looks toward the American international banks and financial institutions practices as benchmarks. The Gods of Wall Street can do no wrong.
DBS collaboration with Lehman to market the Minibonds is one such shining example.
The same blind faith in the soundness of the American financial system lead Temasek and GIC to invest in Citibank and Merrill Lynch.
The two SWFs were played out by the American banks. I am very sure the board of directors of both American banks had foreknowledge that the off the books losses were much high than what was declared in January of 2008.
