Gahmen insists on creating more cynics with GIC reply on losses

[Confuseous]

What perhaps the public may be comforted is for GIC to list out a few of the big gains from its investments that saw the recovering of tens of billions of dollars lost during the financial crisis. It would be very convincing if GIC could just name 5 investments with each making at least $10b profits to assuage the public’s fear of money down the drain. It would be a great public relations exercise to communicate with the people, to explain and inform the people that their money in GIC is safe. Oops, it is not their money as the GIC did not borrow money from the people but from the govt.

- http://mysingaporenews.blogspot.com/2011/09/gics-total-portfolio-value-back-to-pre.html

 

[mscitw]

Phony Tan, the self styled talented banker who broker this silly deals with UBS Shylocks ought to be given a kick in his fat cat arse.