Date: Wed, 23 Sep 2009 09:18:51 -0700 (PDT)
Local: Thurs, Sep 24 2009 12:18 am
Subject: Re: LKY lied on Citi investments
On Sep 23, 10:58 pm, "truth" wrote:
> When Temasek and GIC made those investments in
> American Banks, most Singaporeans were critical of
> the decision. And they were right when the American
> and Western financial system went into a melt down
> and those investments looked terrible with huge paper
> loses not long after. LKY has to defend those decision
> more than once and his defence was that those investments
> were for long term of up to 30 years. Most Singaporeans
> knew that this cunning old fox is just confusing Singaporeans
> in order to save his own skin on an extremely bad decision
> with Singaporeans wealth. Then Temasek shock Singaporeans
> and the world by cutting those investments at huge loses.
> Now we see that GIC is taking some profit on those
> "long term" investment less than two years after.
> So LKY lied to Singaporeans and the world that those
> investments are for long term of up to 30 years. Can u
> trust this slimmy old fox again ?
an addon message......so what? he becomes a super fart
after too much of good things happened from last time........