GIC invests $14 billion in Swiss bank UBS
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No... I don't think anyone deserves to die at all for this because I happen to think that its a good investment decision.Originally posted by AndrewPKYap:huh? how did you come to the conclusion that "the entire PAP and all public officers who are doing their bidding should commits hara kiri... " ?
... are you an extremist?
The leader takes the responsibility or at least the one that makes the final decision om a matter, and especially the leader that have no qualms taking massive amounts of public money, should indeed be accountable for the results... and kill himself honorably... otherwise he is just a scum-bag despot that wants the public money but does not want the responsibility...
You are the one that's full of doom and gloom and asking for blood. -
It sure beats being an indecisive, self-contradicting idiot with a propensity to skirt and dart round simple matters beyond the comprehension of your idiocy...Originally posted by Gazelle:Talk like a bloody expert when it comes to Barclays, but cant even comment a shi.t about UBS.
typical armchair critic....
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If you had inferred appropriately instead of choosing to make incoherent assumptions, you wouldn't have had to.Originally posted by CX:I wouldn't have to if u had been clear in your earlier post. My point is that the same piece of news was covered by all major newspapers and news channels, hence the general sense of gloom that had negatively affected UBS share prices...
Common man or not, a foolish investment remains a foolish investment.Originally posted by CX:Its not like the common man will throw his money into a bank that just lost $10 billion if all he's got is $10k. The risks are too high for him and he won't have resources to hold for long term.
Institutional investors? I wouldn't exactly label a state machinery with a ceaseless supply of cashflow to be an institutional investor in the conventional sense per se.Originally posted by CX:Institutional investors however, don't have that constraint. What is 5 years to GIC? Or even 10 for that matter, if UBS is still nicely profitable and paying nice dividends consistent with GIC's expectations of a decent ROI
Using a hypothetical 5-10 year decent ROI as a scant consolation for the poor initial foresight is hardly an excuse for its clear initial oversight, is it? Making the most of something that's broken is hardly the same as having access to something that ain't broken, is it? -
In addition to not being able to research and analyse numbers and logic properly, yet wants to reason and act as if he knows everything.Originally posted by walesa:It sure beats being an indecisive, self-contradicting idiot with a propensity to skirt and dart round simple matters beyond the comprehension of your idiocy... -
Oh I see where you are coming from... you think people "have to" comment and "must" comment and that is no wonder why you make stupid comments even when you are ignorant of a topic and make a fool of yourself...Originally posted by Gazelle:Talk like a bloody expert when it comes to Barclays, but cant even comment a shi.t about UBS.
typical armchair critic....
Smart people choose whether to comment or not (for reasons of their own)... you say anything even if it makes you look like a fool....
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I am talking generally about accountability not specifically about this case.... that the Japanese are willing to kill themselves for their mistakes and here because of the nepotism, people people gets promoted instead... think Shin Corp, a couple of billion in losses... they should kill themselves for it... (taking public money, and putting themselves/their relatives in the position, they should hold themselves accountable) for after so long, it does not look like they are going to recover the billions of dollars of losses...Originally posted by CX:No... I don't think anyone deserves to die at all for this because I happen to think that its a good investment decision.
You are the one that's full of doom and gloom and asking for blood. -
The question needs to be asked if the Singapore government is using money taken from Singaporeans to bailout UBS.
Despots... take Singaporeans' money to bailout foreigners in Europe/America... -
There was an article in the papers yesterday comparing GIC investment in UBS to Abu Dhabi investmet in Citi group. what is your comment on that Mr. Armchair Critic??Originally posted by walesa:It sure beats being an indecisive, self-contradicting idiot with a propensity to skirt and dart round simple matters beyond the comprehension of your idiocy... -
only wankers in this forum will come and tell us that they have $50K saving as a student. honestly what exactly is he trying to say? he is fcuking rich?Originally posted by eagle:In addition to not being able to research and analyse numbers and logic properly, yet wants to reason and act as if he knows everything.
And what tu lan me the most is when he tells us that his laupeh still have to finance his education with his CPF, while he is enjoying having $50,000 in his bank account. (As a student)
Honestly if his dad need to dig into his CPF for that $24,000 to fund his university education, that means his family will most likely belongs to the lower income group.
Just look at this wanker, all he talk about in this forum are full of shi.te, pumping iron, checking out chic, I have a dream, matchmaking etc etc.
To hide his BS about his laupeh CPF, he can actually tell us that the reason for withdrawing his dad cpf is because of 2.89%. KNN if his laupeh got money, why would he want to be so fcuking cheap and go through all the paper work just to take advantage the 0.49% advantage over CPF 2.5% which only give you $117.60 per year. -
It is so obvious, your eyes are red for not being able to meet up to a mere student in the real life.Originally posted by Gazelle:only wankers in this forum will come and tell us that they have $50K saving as a student. honestly what exactly is he trying to say? he is fcuking rich?
And what tu lan me the most is when he tells us that his laupeh still have to finance his education with his CPF, while he is enjoying having $50,000 in his bank account. (As a student)
Honestly if his dad need to dig into his CPF for that $24,000 to fund his university education, that means his family will most likely belongs to the lower income group.
Just look at this wanker, all he talk about in this forum are full of shi.te, pumping iron, checking out chic, I have a dream, matchmaking etc etc.
To hide his BS about his laupeh CPF, he can actually tell us that the reason for withdrawing his dad cpf is because of 2.89%. KNN if his laupeh got money, why would he want to be so fcuking cheap and go through all the paper work just to take advantage the 0.49% advantage over CPF 2.5% which only give you $117.60 per year.
Come on la, I challenged to show you from calculations already in the thread, and you will just say you are done cross examining.
You are just unwilling to admit you are someone with virtually non-existent research and analysis skills. Are you still up to the challenge to admit the loser in you if I can show you the analysis? Are you game enough? Or are you just without balls to do so?
You have not even been to the uni, and you want to talk like you know so much about it Exam fees indeed Come on ball-less gazelle. Don't you want to know the reasons and analysis behind the decision? Do you need me to show you the calculations? Are you brave enough to admit you err-ed in your analysis? With numbers already present in the thread, I can easily show how shallow you think. You see things on the surface, and not deep enough. -
...who cares what "your abu" does with her money? "Your abu" did not take Singaporeans' money to bailout Citi...Originally posted by Gazelle:There was an article in the papers yesterday comparing GIC investment in UBS to Abu Dhabi investmet in Citi group. what is your comment on that Mr. Armchair Critic?? -
You've done a pretty good job at enlightening us with the source of your self-contradiction and idiocy. I suppose the next thing you're going to tell me is this regime being a financial hub bigger than New York, London and Hong Kong combined?Originally posted by Gazelle:There was an article in the papers yesterday comparing GIC investment in UBS to Abu Dhabi investmet in Citi group. what is your comment on that Mr. Armchair Critic??
Oh, and do carry on scurrying and darting round what you're unable to address... -
i think its clear from events of the past year that sovereign wealth funds are increasingly active in overseas acquisitions and investments.
Its not just Sg thats going around, buying up all sorts of distressed or attractive companies.
honestly, what's so wrong with the UBS investment viewed from a long term perspective???
Are we expecting the bank to go belly up and lose the entire 10 billion ???
If its going to generate good returns on the country's reserves, what's the bleeding problem??? -
Very well said! Also .... for such a deal to come to us says a lot about how the rest of world view this 'Little Red Dot' in spite of all our imperfections.Originally posted by CX:i think its clear from events of the past year that sovereign wealth funds are increasingly active in overseas acquisitions and investments.
Its not just Sg thats going around, buying up all sorts of distressed or attractive companies.
honestly, what's so wrong with the UBS investment viewed from a long term perspective???
Are we expecting the bank to go belly up and lose the entire 10 billion ???
If its going to generate good returns on the country's reserves, what's the bleeding problem???
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Andrew is incapable of understanding anything that has anything good to say about our current government. If UBS's price went through the roof tommorow, he would claim on global conspiracy.Originally posted by CX:i think its clear from events of the past year that sovereign wealth funds are increasingly active in overseas acquisitions and investments.
Its not just Sg thats going around, buying up all sorts of distressed or attractive companies.
honestly, what's so wrong with the UBS investment viewed from a long term perspective???
Are we expecting the bank to go belly up and lose the entire 10 billion ???
If its going to generate good returns on the country's reserves, what's the bleeding problem??? -
You have done a excellent job in giving me a chance to showcase a typical Made in Singapore armchair critic who is only capable of reporting yesterday's news and cant comment a sh.it about another thing else.Originally posted by walesa:You've done a pretty good job at enlightening us with the source of your self-contradiction and idiocy. I suppose the next thing you're going to tell me is this regime being a financial hub bigger than New York, London and Hong Kong combined?
Oh, and do carry on scurrying and darting round what you're unable to address...
If you want to impress us, pleasecomment about Temasek UBS investment. Do you think it is a fair price? -
Made in Singapore? That's what you're. Besides being an idiot capable of self-contradiction of the highest order, I see you have an unrivalled knack of making fallacious presumptions too...Originally posted by Gazelle:You have done a excellent job in giving me a chance to showcase a typical Made in Singapore armchair critic who is only capable of reporting yesterday's news and cant comment a sh.it about another thing else.
If you want to impress us, pleasecomment about Temasek UBS investment. Do you think it is a fair price?
As a matter of fact, I'm still waiting for you to impress me on making your stance clear as to whether all long term investments are necessarily sound and if Temasek's Barclays venture was actually sound and rational... -
He certainly has not impressed me with his research, analysis and simple mathsOriginally posted by walesa:Made in Singapore? That's what you're. Besides being an idiot capable of self-contradiction of the highest order, I see you have an unrivalled knack of making fallacious presumptions too...
As a matter of fact, I'm still waiting for you to impress me on making your stance clear as to whether all long term investments are necessarily sound and if Temasek's Barclays venture was actually sound and rational... -
You talking like some financial expert when it comes to Barclays when I ask you about UBS you can comment a shi.te? what are you? armchair critics?Originally posted by walesa:Made in Singapore? That's what you're. Besides being an idiot capable of self-contradiction of the highest order, I see you have an unrivalled knack of making fallacious presumptions too...
As a matter of fact, I'm still waiting for you to impress me on making your stance clear as to whether all long term investments are necessarily sound and if Temasek's Barclays venture was actually sound and rational... -
I'm talking in the belief I'm a class above you - which I am. That's not saying a lot about my ability though; it merely highlights your ineptitude and inadequacies.Originally posted by Gazelle:You talking like some financial expert when it comes to Barclays when I ask you about UBS you can comment a shi.te? what are you? armchair critics?
Maybe you could start by addressing your perennial self-contradicting follies first... -
UBS since the announcement....
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Dec. 17 (Bloomberg) -- U.S.
UBS's board of directors expects to have further writedowns on subprime investments in the first quarter, the Swiss weekly newspaper Sonntag reported. A spokesman for Europe's largest bank by assets wasn't immediately available to comment. -
class is merely something which wankers will talk about in the forum. what is more important is do you have the substance to be in the class which you think are in.Originally posted by walesa:I'm talking in the belief I'm a class above you - which I am. That's not saying a lot about my ability though; it merely highlights your ineptitude and inadequacies.
Maybe you could start by addressing your perennial self-contradicting follies first...
What about commenting on UBS investment for a change instead of trying to wank yourself in the mirror again and again reporting Barclays stock price. -
ya, go and finish a uni education/degree, improve on your analysis and research skills then talk about class laOriginally posted by Gazelle:class is merely something which wankers will talk about in the forum. what is more important is do you have the substance to be in the class which you think are in.
What about commenting on UBS investment for a change instead of trying to wank yourself in the mirror again and again reporting Barclays stock price. right now you don't have the capability to do so -
You certainly wouldn't look out of place in the class of the insane - and would perhaps top that class too.Originally posted by Gazelle:class is merely something which wankers will talk about in the forum. what is more important is do you have the substance to be in the class which you think are in.
What about commenting on UBS investment for a change instead of trying to wank yourself in the mirror again and again reporting Barclays stock price. Given your propensity for living a life of self-contradiction and self-denial, you'd be better off seeking some psychiatric help for your schizophrenia before it gets the better of you in your delirious belief you're the next Warren Buffet.