The rogue trader and his impact on GIC

[Confuseous]

While GIC has issued a statement to the media stating that it had also made good investments decisions which have offset the losses on UBS and has urged UBS to take “firm” action to restore confidence, more must be done by GIC to restore public confidence in it. With so much of the country’s capital in its hands, it has to be seen to be more accountable and transparent.

As a citizen of Singapore, I would urge GIC to take steps to ensure that more easily accessible information is made available to the public. By this, I do not mean general statements or investor jargon but easy to understand and concise information that the man on the street can digest and comprehend. It is the country’s money after all and every Singaporean has a stake in that.

Perhaps, this is something that the new President, Dr Tony Tan can shed light on. After all, he was the deputy chairman and executive director of GIC at that time and as President, one of his duties is to safeguard Singapore’s reserves.

- http://theonlinecitizen.com/2011/09/the-rogue-trader-and-his-impact-on-gic/

 

[singveld]

let just say the old man strong points is not in economic, but law.

 

[mscitw]

Many clever peasants knew how the regime covered the losses from helping jewish banks e.g. Citibank and UBS ..... taxing peasants (GST), foreign workers' levies, COEs and property related 'protection money'.

 

[Agoraphobic]

................
......................the new President, Dr Tony Tan can shed light on. After all, he was the deputy chairman and executive director of GIC at that time and as President, one of his duties is to safeguard Singapore’s reserves.

.............QUOTE]


How about allowing a 2nd real newspaper to publish.

Cheers!

 

[mscitw]

Phony Tan will cite 'Collective Responsibility', that he made the silly decision to help UBS with full support from the GIC crony directors.