UBS + Citi + Merrill Lynch (now BOA) alone, losses very much probably > 10b liao la.

And, anyone even accounted for the asset devaluation of Temasek-held bluechips? STI from 3906.16 to 1643. How?

Louis, just because the losses are affordable, doesn't mean the losses are necessary. Look at what CIC said regarding financial institutions investments.

BTW, if you are so confident of the gains in 5-10 yrs, why are you still in 100% cash?

I am worries if the 3 genco temasek sold to foreign... No longer Singapore own... Like the petrol station next time, slow to drop price very quick to increase electricity tarriff when allow... What control do singapore have, nothing....

Electricity power plant is no longer a national issue... No more national issue meh, give a few power shutdown for a few hrs in the future, we will see what will happen next.

HONG KONG : The head of China's sovereign wealth fund said Wednesday he had lost confidence in western financial institutions during the global economic crisis and would not be investing in them, a report said.

Lou Jiwei, the chairman and chief executive of China Investment Corp (CIC), said the fund would now avoid investing in banks and other groups because of "uncertain" foreign government policies, the Wall Street Journal reported.

http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/393883/1/.html

Yeah..very interesting...Tell that to LKY, he should know that too as he is also there.

It is an up hill task. They tell us to grab at any jobs that come along, then move on..We are all after all human and if they are also as human, they kept theirs safe and sound, very warm in fact, very secure (No sacking, No retrench, No worry over next meal and next payment) while we will have to worry over our dead tiring body and mind, just to survive on everyday decent meal, the next time should sit with us on MRT, SMRT, SBS, TIP, 

U see this. Pay cut oni, should be pay ONI a dollars for their salary for doing a lousy job. I still remember. talk big ONI afew months back, saying will invest somemore when they is opportunities, Just very ordinary followers of following their big boss n earn huge salary.

CapitaLand said in a statement that the firm-wide measures will affect mostly management and executive level employees, with its chief executive, Liew Mun Leong, bearing the maximum cut of 20 percent.

CapitaLand to cut staff pay

Property giant CapitaLand is set to cut staff pay between three to 20% in light of a slowing economy. »Details

• Search: CapitaLand
• MM Lee: US can revive economy

So We or even the next generation, we all will have to pay to keep Tamasick and a few of those sitting on board alive....to subsidies for those >S$10billion of losses. We called it a commercial deal...So those can still enjoy big huge salary earn for those losses (not to be sack..Sick of it, really sick of it), our generation and next generation will have to earn several more or many more thousand in salary term every months to contiune to make Tamasick and even GIC fat shares holder fat, and who control it..?. Not the President.

Are they, those few can do it to keep us, many of us becoming rich with many more millionaire, or just re-invent again to welcome many more foreign millionaires or billionaires to give us job so as to keep their as well. 

They always tell us and said to give us job and not theirs. We have uncles and aunties tolling, working day and night for afew hundred of dollars ONLY...What nonsense...pay monkey, get monkey work

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/393730/1/.html

Another such blunder from them..we have to sell backside liao as this is the last power stn we...err...not we, they..those few on board SOLD them, not us, so don't blame us for not supporting those few fellows up there...Ya..:(( sad isint it..?.