Temasek investment Barclays lose ABN AMRO bid.
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July 23, 2007
*sigh*, another fiasco
Temasek to pay $3b for stake in Barclays bank
In a bid to sweeten its offer for ABN (pictured) against a rival consortium led by RBS, Barclays is in talks with Singapore investment agency Temasek to raise 10 billion pounds (S$31.1 billion) to help with the planned purchase. -- PHOTO: AP
TEMASEK Holdings is paying 975 million pounds (S$3 billion) for a 2.1 per cent stake in British bank Barclays.
It will potentially invest another 1.5 billion pounds to lift its stake further if Barclays' take-over bid for Dutch bank ABN Amro succeeds.
Tax our money and give it to the foreigners. They can't even come with the money they take from us to pay those that live over eighty five an annuity.Yet they have the cheek to increase their million dollars salaries.
This quote below has been super-seeded, they have given up.Barclays May Abandon ABN Amro Bid, Clearing Way for Royal Bank
By Ben Livesey and Jon Menon
Oct. 5 (Bloomberg) -- Barclays Plc, Britain's third-largest bank, may abandon a six-month battle to buy ABN Amro Holding NV, clearing the way for Royal Bank of Scotland Group Plc and its partners to complete the biggest banking takeover.
Investors had until yesterday to tender ABN Amro shares to Barclays's 62.8 billion-euro ($88.7 billion) offer. They have until 3 p.m. in Amsterdam to back the competing 71.8 billion-euro bid from Edinburgh-based Royal Bank, Spain's Banco Santander SA and Fortis, though the banks could decide to extend the bids.
``Barclays has failed,'' said Simon Willis, a London-based analyst at NCB Stockbrokers who has a ``reduce'' rating on Barclays. ``They may well put out a statement later today.''
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Better to back out than match the bid if the price doesn't make sense to them ?
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Is Temasek losing money again?
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If they are honorable they would tell us exactly how much money the are making from "local businesses" and losing how much from "foreign investments"Originally posted by googoomuck:Is Temasek losing money again?
You think that will happen? You think that they will tell us?
Dishonorable to the hilt. How Singaporeans can vote such dishonorable people into power is the same reason why there are people willing to shoot innocent protesters in the streets on Yangoon, Myanmmar.
Running dogs that only care about getting some crumbs that fall from the pariah old man's table. -
What irks me the most of course is when they raise their own million dollars salaries with public money but they are not even willing to provide the aged sick with three meals a day and pay an annuity for those that live pass eighty without coming up with more hidden taxes.
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what is the purpose of all these heavy investments?
we have 100 over U.S. billions in the reserves but i dont see them using it on singaporeans. -
They are most happy to use it on themselves... do you know the dangerous game that they are playing? They made the majority of Singaporeans indebted to the hilt with their policies but this indebtedness is a two edged sword.Originally posted by dragg:what is the purpose of all these heavy investments?
we have 100 over U.S. billions in the reserves but i dont see them using it on singaporeans.
It can drive the economy and it can cause it to collapse overnight. -
ahem .... could you care to elaborate? I cannot see your linkages. Before the annuity issue (which is hot potato now), what other rhectoric have you made that are linked to Temasek?Originally posted by AndrewPKYap:What irks me the most of course is when they raise their own million dollars salaries with public money but they are not even willing to provide the aged sick with three meals a day and pay an annuity for those that live pass eighty without coming up with more hidden taxes.
Also, what are the hidden taxes? I am sure you wud very much like to expose them!
As far as I know (call me ignorant if you want to, I am pretty used to all sort of names), Temasek is tasked to invest SG's reserves. And as investment there are risks (I think you know this much better than the ahpeks in coffeeshops) - you win some, you lose some. If you can guarantee me any investments that are sure to make money, I will call you god. -
I give u an example. U save money in yr bank and u use for investment. But u refuse to use the money in the bank for any of yr emergency(like suregeon operation or curing a long term illness) no matter making a profit or suffering a loss.Originally posted by TheGoodEarth:ahem .... could you care to elaborate? I cannot see your linkages. Before the annuity issue (which is hot potato now), what other rhectoric have you made that are linked to Temasek?
Also, what are the hidden taxes? I am sure you wud very much like to expose them!
As far as I know (call me ignorant if you want to, I am pretty used to all sort of names), Temasek is tasked to invest SG's reserves. And as investment there are risks (I think you know this much better than the ahpeks in coffeeshops) - you win some, you lose some. If you can guarantee me any investments that are sure to make money, I will call you god.
Then What is the point of saving? -
Originally posted by dragg:what is the purpose of all these heavy investments?
we have 100 over U.S. billions in the reserves but i dont see them using it on singaporeans.
Look at the direct and indirect taxes we have to pay.Originally posted by AndrewPKYap:They are most happy to use it on themselves... do you know the dangerous game that they are playing? They made the majority of Singaporeans indebted to the hilt with their policies but this indebtedness is a two edged sword.
It can drive the economy and it can cause it to collapse overnight.
By not using reserves to cut the public debt, citizens have to pay and pay.
Prata man says good leaders canÂ’t always be popular but are unpopular leaders ever good?
SingaporeÂ’s refusal to ease its bank secrecy laws could endanger a proposed pact with the European Union.
Singapore government could be out of friends. -
It is not "refused to use" the public money.Originally posted by zenden9:I give u an example. U save money in yr bank and u use for investment. But u refuse to use the money in the bank for any of yr emergency(like suregeon operation or curing a long term illness) no matter making a profit or suffering a loss.
Then What is the point of saving?
It is use to enable some people to live a luxurious decadent lifestyle while others suffer. -
So why is a failed bid by Barclays a fiasco ? How does an investment equate to giving money away to foreigners ?
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Another uniquely Singapore brand of foresight demonstrated by those "talented" mercenaries tasked with investing public funds...
Didn't the chief despot running this regime once claimed the regime would be losing such "talents" to Goldman Sachs, Morgan Stanley and Lehman Brothers if they didn't pay them top dollar? Some "talents" Goldman Sachs, Morgan Stanley and Lehman Brothers have missed out on then. 
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You noticed how Jackson Tai suddenly need to spend more time with his family just because he made one bad decision on behalf of DBS but some people's cronies, no, not just cronies, relatives, can get promotion and bonuses despite making bad calls over and over again?Originally posted by walesa:Another uniquely Singapore brand of foresight demonstrated by those "talented" mercenaries tasked with investing with public funds...
Didn't the chief despot running this regime once claimed the regime would be losing such "talents" to Goldman Sachs, Morgan Stanley and Lehman Brothers if they didn't pay them top dollar? Some "talents" Goldman Sachs, Morgan Stanley and Lehman Brothers have missed out on then. -
hmmm ... don't get what u r driving at?Originally posted by zenden9:I give u an example. U save money in yr bank and u use for investment. But u refuse to use the money in the bank for any of yr emergency(like suregeon operation or curing a long term illness) no matter making a profit or suffering a loss.
Then What is the point of saving? -
temasek is one of the richest organisation in the world. I think they are quite on par with barclays, or maybe even better.
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erm.. you might wanna check and see where does barclay actually gets its pool of funds and where does temesek gets hers before you make a comparison..Originally posted by HyuugaNeji:temasek is one of the richest organisation in the world. I think they are quite on par with barclays, or maybe even better.