teeth53 thot: the door is always open and they can most welcome to leave and why trouble attracting them when they are about to bring AIG to brink of collapse, somemore what bonus they want...Ya. AIG has expressed concern that the AIG may not be able to attract and retain talented employees if they believe their compensation is subject to adjustment by the government. the government took a nearly 80 percent stake in AIG. With AIG received US$182.5 billion in AID.

W/O bailing out...AIG would fail and goes bankrupt, one dollars also cannot have...

An AIG spokesman said a "handful" of senior-level executives resigned, there will likely be more resignations to come. Teeth thot most welcome.......

AIG came close to collapsing last September because it had gotten heavily into the business of insuring mortgage-backed securities, the risky investments that are at the root of the hundreds of billions of dollars in losses suffered by banks and other financial institutions around the world.

http://sg.news.yahoo.com/ap/20090326/tbs-aig-resignation-letter-f8250da.html

Beginning for this prolong recession has started when bubble is forming...teeth53 thot: Beginning of recovery is only 2yrs away, another few yrs to slip upward B4 it peak (chiong) another few yr later. We are still at STAGE 4..credit melting.......

Today. Straits Times. Sat , Mar 21, 2009, headline has more confident to published full recovery is at least two (2) to three (3) years away or  it could take up to six years, says MM lee. 

teeth53 thot: This will be my estimation, between a 5 to 10 years times frame. GIC will be able to see it recovery on Citigroup as a worthy cause.
This is the work of US president Obama and his finance team to revise the economy by end of his (Obama) 1st (5 years) term.

Citigroup is back on right footing, 5-10yr to full recovery on ShareJunction forum

teeth53 thot: When times to arrive for Citi to emerge stronger, it will be in S'pore blessing as a regional financial Hub and strenghtening Singapore as another world player, having play a critical role in strenghtening Citigroup, thus can see alot more players (banks and bankers alike) parking their $$$ here. However S'pore will have to strengthen and update it rules and financial regulation in tune with time and can automatic attract more very rich clients.

teeth53      ( Date: 09-Mar-2009 21:42) Posted: http://sg.news.yahoo.com/afp/20090308/tbs-finance-economy-india-558302b.html Roubini said the bottom of the 'U' -- the length of time the world economy will continue to contract -- would last a minimum of three years starting from December 2007. But he said there was a "one-in-three chance" that recession would turn into an 'L' -- a prolonged period of stagnation or shrinking output, coupled with falling prices as demand dries up. As early as 2005, Roubini said US home prices were riding a speculative wave that would soon sink the economy, but was dismissed as a doomsayer. teeth53 thot: Be prepare for more volatile mkts at this point in times. Beginning of recovery is only 2yrs away, another few yrs to slip upward B4 it peak (chiong) another few yr later.. We are still at STAGE 4..credit melting....Last stage...Cash is king. 101% confirmation, all warning is absolutely and totally fallen on deaf ear, as and We..no, no they went in Jan 2008 to vested in...Citi http://sg.news.yahoo.com/rtrs/20090304/tbs-singapore-leekuanyew-a5a65c6.html "How could we have known this was the extent of the damage?teeth53: 1st warning shot is sometimes beginning of Jan/Feb 2007, next 2nd warning shot sometimes in July/Aug 2007, then followed by many, many raising red flag by Nov/Dec 2007). ( Posted:20Aug2007   lower interest rate and so on....to ride out over this dark cloud hanging all over this world is trying to bufff & trying to ensure ppl's all over that this storm will blow over.come on, of course we will, not before riding into stage 3. We are facing at the word, confident right in our face and in our sub-conscious mind. scary 1st credit issue, then credit squeeze, next credit crunches, what next ?, credit melt....... Cash is king....Hmm

are you sure ? from my understanding, (stated clearly in the newspaper) while they convert to common shares,  their NEW price now is $3.25 (forget about what price they bought before for preferance shares) . the only disadvantage for GIC to exercise the change is , they do not have the guarantee dividend payout of 7% each year.. that's all, which I think it is totally fine, as their purchase price used to be $23++, but now given chance to convert to $3.25..

your statement of lost more than 80% of their invested value is not right..

I hope what I am saying is correct too, please corect me if I am wrong ... I just interpret based on the newspaper.

the trouble one now is Temasek, they bought common shares, ooopsss...

Yah man, with all d good blessing. Both BOA n Citi orchestra each other.

Ha ha, yesterday wanted to Q for Citi( akah 1.78 +few bits higher), but rushing for God of Mercy Temple's Dinner, didn't make it. Came back fr dinner, alamah, lowest 1.92, big wok liao. Howerver, JP n Stanley didn't make it last nite.

Ok loh, did something good for d temple, auction 2 bottles of Carbenet wine for 222 ds time round, times are bad mah. Last yr 888 for Cordon Bleu. Hmm, last 2 days, AK had sent a wheel chaired malay n an old-man syndrome chinese woman back to their door steps. I presume I kena yesterday ToTo, small amount, could be a reward for d above liao. Dun know kena how much, few hundred got lah. I seldom buy ToTo, but last Sun AK got nine sense. Cheers.  

you are right dude.... at least for GIC citibank, yesterday high $2.68 to their price $3.25 is just another 21% away... easy to reach....

wow... I am amazed, LOL....

The outrageous exceptions, occurred at both AIG (AIG, Fortune 500), is now nearly 80%-owned by U.S. taxpayers, and at Merrill Lynch, massive style bonuses were paid last Dec to top traders and bankers B4 BoA took over for US$50billion, though Merrill lost $27.6 billion in 2008, took $10 billion in TARP funds and was Merrill is days away from a likely bankruptcy filing. Temasick is extermely lucky not to shed tear only day away

With complete disregard for reality, Merrill's board of directors authorized the payment of $3.6 billion in bonuses, including $209 million for 10 of Merrill's bankers and traders alone - notably $33.8 million to European investment banker Andrea Orcel - while another 149 bankers were paid $3 million each and some 700 in total were paid at least $1 million each. This tone-deaf behavior has prompted a full-blown investigation by Andrew Cuomo, said the New York State attorney general.

AIG has also been operating in a fantasyland where it was somehow acceptable to pay out $450 million in bonuses to the very employees in the financial products unit, in London, that caused so many of AIG's problems - and now ours too.

Aside from Merrill and AIG, however, most other Wall Street firms seemed to get the message that 2008 was not the year for lavish bonuses. Top executives at Goldman Sachs (GS, Fortune 500), Morgan Stanley (MS, Fortune 500), JPMorgan Chase (JPM, Fortune 500), Bank of America (BAC, Fortune 500) and Citigroup (C, Fortune 500) took no bonuses. (Several top executives at Merrill Lynch, including Greg Fleming, Robert McCann and Rosemary Berkery also received no bonuses when they left the firm in January 2008; after requesting a $10 million bonus, former Merrill CEO John Thain quickly backtracked and got nothing, too.) The rank-and-file at Citi received cash equal to about 50% of vastly reduced bonuses, half of which was deferred for three years in case it needs to be clawed back, and half was paid in stock.

At Goldman, many bonuses were reduced by 80% from 2007 and the cash component was capped at $400,000. At UBS, the bonus pool was also cut by 80%

teeth53 thot: the door is always open and they can most welcome to leave and why trouble attracting them when they are about to bring AIG to brink of collapse, somemore what bonus they want...Ya. AIG CEO Liddy has choosen the most easy job to get it job done with...so look like he is d 1st to be let go when he has to answer for million tax payers money.

Will she put several billion into AIG coffer and get nail....Sales of AIG's Asian crown jewel.

Accord by Dhana..she can... she can fix Spore Inc..!! SAD.  Her stewardship of ST was praised, when ST was called into question in parliament following the 1997 collapse of Micropolis, the again when Shin corp fail, when ABC fail, when Merill Lynch fail, one thing that never fail her...move to higher ground.

"Journey for Temasek has just begun": Ho Ching. (Great, six short years journey to no where to success, but losses very where)

The company AIG, which lost a record $62 billion dollars in the fourth quarter of 2008, has more than 74 million insurance policies issued in 130 countries around the world.

The London-based unit is indeed very lucky to say i can sue U, is responsible for issuing the risky credit default swaps - basically insurance against losses from bad loans - which on several occasions has brought the company to the brink of collapse. Nationalization. this word U know it what mean ?

A recipient of at least US$170 billion in federal bailout money - is scaling back bonuses and compensation for some of its top-earning employees. if employees believe that (is fair to keep) their (job, then a fair negrotiation to) compensation is subject to continued and arbitrary adjustment by the U.S. Treasury." the company will have trouble attracting and retaining "the best and the brightest ...

teeth53 thot: the door is always open and they can most welcome to leave and why trouble attracting them when they are about to bring AIG to brink of collapse, somemore what bonus they want...Ya. AIG CEO Liddy has choosen the most easy job to get it job done with...so look like he is d 1st to be let go when he has to answer for million tax paer money

• AIG chief: Why bonuses must be paid when the London-based unit is responsible for issuing the risky credit default swaps - basically insurance against losses from bad loans - which on several occasions has brought the company to the brink of collapse teeth53 thot: A big fiasco. Any justification to pay bonus on their term for nearly bringing down AIG.

In an interview that aired Sunday on CBS' "60 Minutes," Federal Reserve Chairman Ben Bernanke did not address the bonuses but expressed his frustration with the AIG intervention.

"It makes me angry. I slammed the phone more than a few times on discussing AIG," Bernanke said. "It's _ it's just absolutely _ I understand why the American people are angry. It's absolutely unfair that taxpayer dollars are going to prop up a company that made these terrible bets _ that was operating out of the sight of regulators, but which we have no choice but to stabilize, or else risk enormous impact, not just in the financial system, but on the whole U.S. economy."

AIG reported this month that it had lost $61.7 billion for the fourth quarter of last year, the largest corporate loss in history.

teeth53 thot: Will she put several billion into ???....Sales of AIG's Asian crown jewel