No GIC losses not realistic, but what about mega-losses?

[swampthing]

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_500239.html

Of course we don't expect GIC to make a winning bet every time, but losses in the BILLIONS of dollars? Again and again?

Sheesh..

And still consider a PAPER loss.. oh sure..

 

[Goh Meng Seng]

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_500239.html

Of course we don't expect GIC to make a winning bet every time, but losses in the BILLIONS of dollars? Again and again?

Sheesh..

And still consider a PAPER loss.. oh sure..

Well, Long Term becomes No Term in a Short Term.... That is what happened to some of their investments. Accountability never exists anyway.

Goh Meng Seng

 

[DrPanacea]

Well, Long Term becomes No Term in a Short Term.... That is what happened to some of their investments. Accountability never exists anyway.

Goh Meng Seng

This Parliament debated for many months concerning raising the welfare payout to the needy by some S$30.
But the yes men spent 5 minutes asking scripted questions when the Finance Minister announce the losses.

Sure, with absolute power in the hands of one party anything is possible if you don't have a conscience.

 

[Capano2020]

All losses are still considered paper loss as long as the famiLEE do not cash out and decides to move to the small little island that they've bought elsewhere and abandon their beloved stinkapore.

 

[halsey02]

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_500239.html

Of course we don't expect GIC to make a winning bet every time, but losses in the BILLIONS of dollars? Again and again?

Sheesh..

And still consider a PAPER loss.. oh sure..

It seems that SINkingporeans who can be considered a very educated society, never ask Intelligent questions or field intelligent ones to the MIW's; including the oppositions.

In any business, there are profits & loss; one knows that, one cannot make profits all the time.

But many of their investments are in high risks, convertibles financial instruments.

If they had bought for example, UBS gilt edged shares, it falls, you have a paper loss; to break even, one may buy the shares at a lower price, assuming that the initial purchse is high.

They can hold on to the shares at a paper loss, and when it break even, sell, you get back the pricncipal sum, maybe some losses; or when it rises a small profit.

But, what they did was to buy those bonds, warrants, convertible instruments...these are gambling!...


Of course, even the old uneducated man or woman hangng around the void decks, knows in business there are losses or gains.

They also know that, you buy high & sell low...you loose money.

The question is, did GIC & Temasek, tapped funds from Central Provident funds; or they get funds from Ministry of FInance?

These are the questions, we must ask!

 

[DrPanacea]

It seems that SINkingporeans who can be considered a very educated society, never ask Intelligent questions or field intelligent ones to the MIW's; including the oppositions.

In any business, there are profits & loss; one knows that, one cannot make profits all the time.

But many of their investments are in high risks, convertibles financial instruments.

If they had bought for example, UBS gilt edged shares, it falls, you have a paper loss; to break even, one may buy the shares at a lower price, assuming that the initial purchse is high.

They can hold on to the shares at a paper loss, and when it break even, sell, you get back the pricncipal sum, maybe some losses; or when it rises a small profit.

But, what they did was to buy those bonds, warrants, convertible instruments...these are gambling!...


Of course, even the old uneducated man or woman hangng around the void decks, knows in business there are losses or gains.

They also know that, you buy high & sell low...you loose money.

The question is, did GIC & Temasek, tapped funds from Central Provident funds; or they get funds from Ministry of FInance?

These are the questions, we must ask!

If our PAP MPs won't ask such question in Parliament, what chance does the educated man in the street has? Write to the press who won't print such letters anyway? The one and only way for the truth to be revealed is for the PAP to fall.

My sources informed that CPF funds are involved.