GIC Loses Another S$ 1 Billion
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when it comes to investments, you cant have those government appointed bureaucrats to run these investment funds. these people are greenhorns relying on the so called experts, with good educational qualifications in their field. look at ho ching track record for instance. she was an engineer and I have no idea what she is managing Temasek Holdings as a CEO. as she is the CEO, she will have to take the fall for any failed investments.
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Seem like many failed investment....
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Originally posted by likeyou:
GIC alot of scholars.....all based on books and good writing...nothing else.
hahahah, you got a point -
Originally posted by likeyou:
GIC alot of scholars.....all based on books and good writing...nothing else.
Have to agree on that....Our education system is such a big failure that it only create so-called "Bookworm",only good at study,n know nothing else.
I know a guy that has University cert but after serving NS,he got no job n cannot work.
Having a cert doesnt mean anything when step into society n work,coz the boss n ur colleagues still judge u from your work performance,thats the most important part.
Unfortunately,LKY n his son only judge whether a person is successful or not through educational cert.And twisted our eductation system too difficult that it will only produce MORONS.Those who get the higher lvl of education,the sydrome seems to be worse...
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Even i myself also a victim of such education system,....but luckily for me,i only study until "O" level lol.
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Originally posted by Howlheje:
Have to agree on that....Our education system is such a big failure that it only create so-called "Bookworm",only good at study,n know nothing else.
I know a guy that has University cert but after serving NS,he got no job n cannot work.
Having a cert doesnt mean anything when step into society n work,coz the boss n ur colleagues still judge u from your work performance,thats the most important part.
Unfortunately,LKY n his son only judge whether a person is successful or not through educational cert.And twisted our eductation system too difficult that it will only produce MORONS.Those who get the higher lvl of education,the sydrome seems to be worse...
also it created alots of Gay leh -
hey, scholars and those decision makers at GIC for investment probably lack investment/business acumen. Without investment/business acumen they play smart alecs to use the money from the people of Singapore to invest, seems more like gambling. Gamble away the hard earned money of Singaproeans, how dare you govt and people at GiC!
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huh, stupid singaporeans, not including me, you think GIC lost ar??? no lah, they divert the investment in their private swiss bank, and claimed lost lor...
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Originally posted by Rooney9:
when it comes to investments, you cant have those government appointed bureaucrats to run these investment funds. these people are greenhorns relying on the so called experts, with good educational qualifications in their field. look at ho ching track record for instance. she was an engineer and I have no idea what she is managing Temasek Holdings as a CEO. as she is the CEO, she will have to take the fall for any failed investments.
True again....And the PAP ministers rely heavily on the so-called "Ang Moh" to help them run their corporates n GLC,which in many cases,the Ang Moh also lose alot of investment money n many a times,they are only sit down there doing nothing n take high pays.
I can tell u all,those PAP ministers are a bunch of fools who get toyed around by these Ang Moh.
P.S.I am not racist,but there are really some scumbags from foreign countries who simply come here n cheat money.Generally speaking,i am still feeling friendly with those foreigners(be it Chinamen,Filipinos or westerners) who work here.
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But honestly,i dont really blame some Ang Moh who cheat our PAP ministers.Coz afterall,it is our PAP ministers who are stupid enough to let them cheat,so they can blame who?
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after gaining so much in the last and begining of this decade, now they lost billions and you can tell me they are still greenhorn..please lah, who dun get knock during the first year of driving a car?? In fact, we should carry on to support our govt, now that they tasted both gain and lost, they are no more greenhorn, they are infact, lau Jeow liao, cooked liao... graduated liao. So, please dun give up on them.
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Originally posted by Howlheje:
But honestly,i dont really blame some Ang Moh who cheat our PAP ministers.Coz afterall,it is our PAP ministers who are stupid enough to let them cheat,so they can blame who?
True. Without the govt giving approval these angmos dare not go ahead with the investments. So the root of the problem is still the govt. -
Originally posted by angel7030:
also it created alots of Gay lehYup,it does.....there are alot in government,obviously.
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Originally posted by Fantagf:
True. Without the govt giving approval these angmos dare not go ahead with the investments. So the root of the problem is still the govt.Yup.
The PAP ministers thought Westerners(Ang Moh) are stupid n can easily make use of them.But in the end,it is those PAP ministers who get "Toyed" by them,really hilarious n ironic.
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Originally posted by Howlheje:
Yup,it does.....there are alot in government,obviously.
Yup, me go out with my youngs group, see most educated guys behave very gayish and shy, completely lack of machoism. Aiyo, how to find a truly manly bf leh?? -
wow, the other thread on GIC lost $30 billion is deleted so fast.
???? why ah?
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Originally posted by angel7030:
after gaining so much in the last and begining of this decade, now they lost billions and you can tell me they are still greenhorn..please lah, who dun get knock during the first year of driving a car?? In fact, we should carry on to support our govt, now that they tasted both gain and lost, they are no more greenhorn, they are infact, lau Jeow liao, cooked liao... graduated liao. So, please dun give up on them.
Haha....although i disagree with ur posts,but u are really quite a joker.
But still,i disagree with ur pro PAP post:)
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Originally posted by Howlheje:
Haha....although i disagree with ur posts,but u are really quite a joker.
But still,i disagree with ur pro PAP post:)
if i dun act pro, no fun liao, understand. -
How to get rich using other peoples money:
1) Channel money of customers into accounts of companies using fancy terms such as investments,company setup,upgradings etc etc
2)Make sure investment end belongs to another company that u own.
3) Blow all the investors,suckers and forced money into investment entity that is going to lose money
4)Receive money from your secret company that had money channeled into and immediately declare losses due to no explainable reasons or simply orchestrate losses in any way possible.the more public the better the credibility
5)Observe reactions from money losses on investors and people forced to invest
6)not much reaction???then take another 1 billion and lose it to gain from it!
The above was taken from a german company who made losses but the directors became millionaires from dealings.
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Originally posted by Hitman_:
How to get rich using other peoples money:
1) Channel money of customers into accounts of companies using fancy terms such as investments,company setup,upgradings etc etc
2)Make sure investment end belongs to another company that u own.
3) Blow all the investors,suckers and forced money into investment entity that is going to lose money
4)Receive money from your secret company that had money channeled into and immediately declare losses due to no explainable reasons or simply orchestrate losses in any way possible.the more public the better the credibility
5)Observe reactions from money losses on investors and people forced to invest
6)not much reaction???then take another 1 billion and lose it to gain from it!
The above was taken from a german company who made losses but the directors became millionaires from dealings.
why so troublesome, just transfer to their banks, nobody also care or dun even know abou it. Look at the fallen banks and financial insitutions in US getting fat bonuses, even O ahma also give up on them.
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when money is concerned...everthing has and was accounted for in banking.
if nobody cares,,,,,then................its not my fight.then whos fight is it?certainly not those who dont exactly want to fight ,,,,,,,,,,,
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Originally posted by Hitman_:
How to get rich using other peoples money:
1) Channel money of customers into accounts of companies using fancy terms such as investments,company setup,upgradings etc etc
2)Make sure investment end belongs to another company that u own.
3) Blow all the investors,suckers and forced money into investment entity that is going to lose money
4)Receive money from your secret company that had money channeled into and immediately declare losses due to no explainable reasons or simply orchestrate losses in any way possible.the more public the better the credibility
5)Observe reactions from money losses on investors and people forced to invest
6)not much reaction???then take another 1 billion and lose it to gain from it!
The above was taken from a german company who made losses but the directors became millionaires from dealings.
Hmmm...sounds like the way those foreigners scam LKY n other PAP minister's money.
Which of coz,after they have lost their money,they turn to their own countrymen n women n scam their hard earn money.
Well,so much so for the "non-corrupt" white shirt bastards claiming having high virtues.
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I dunno about you guys, i have gotten numbed about it.
How does these Losses affect citizens?
Most of them are not even concerned. So why should we be?
Allow me to digress.
For this year 2010, could we have a chronological list of price hikes?
sorry for the digression. I try to save space on this forum by writing 2 unrelated thingies in 1 posting.
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Originally posted by likedatosocan:
I dunno about you guys, i have gotten numbed about it.
How does these Losses affect citizens?
Most of them are not even concerned. So why should we be?
Allow me to digress.
For this year 2010, could we have a chronological list of price hikes?
sorry for the digression. I try to save space on this forum by writing 2 unrelated thingies in 1 posting.
You can start by posting the list here in Speakers' Corner