Do u believe
GIC,''managing a few billion dollars, to well above US$100 billion today'',
(that they disclose publicly - probably over $200 billion - top i-bank estimates
have reached $330 billion but that doesn't seem to square with the portfolio investment reported in Singapore's International Investment Position)
and
temasek holdings,managing more than 100 billion do not suffer from Sub prime?
Today 21.01.2008 Strait times report GIC Mr Ng Kok Song,
Managing Director & GIC Group,Chief Investment Officer
said they did not understand sub prime products and ignorant.
So they were not involved in sub prime.
2.
why SG refused Bank of Credit and Commerce InternationalI buy what he say.SG has a track records smarter than Bank of England!!
I think SG have lot of finance and investment spy(i mean 007).
I remember LKY or LHL said
Bank of Credit and Commerce Internationalonce sent powerful lobbyists
to SG in order to get bank license.Fortunately,SG get info that this bank
not so credible and did not grant the license.
MAS smarter than Bank of England?Or MAS officers cant be bribed?
early 1991 the Bank of England tentatively agreed with BCCI and its Abu Dhabi owners to permit BCCI to restructure as three "separate" institutions, based in London, Abu Dhabi and Hong Kong.. This tentative decision demonstrated extraordinarily poor judgment on the part of the Bank of England. This decision was reversed abruptly when the Bank of England suddenly decided to close BCCI instead in late June, 1991
