Lionnoisy's favourite investor mention this;
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http://www.reuters.com/article/fundsFundsNews/idUSSIN3390620080305
SINGAPORE, March 5 (Reuters) - Investment guru Jim Rogers believes that U.S. bank stocks could fall further and predicts that Singapore's state investors will lose money on their multi-billion dollar investments in Citigroup and Merrill Lynch.
"I'm shorting investment banks on Wall Street," the long-time commodities bull told reporters on Wednesday at a launch event for ABN AMRO certificates linked to commodities.
"It grieves me to see what Singapore is doing. They are going to lose money," he added, referring to investments by Government of Singapore Investment Corp and Temasek [TEM.UL] in Citigroup (C.N: Quote, Profile, Research), Switzerland's UBS (UBSN.VX: Quote, Profile, Research) and Merrill Lynch (MER.N: Quote, Profile, Research).
Rogers, an American who co-founded the Quantum Fund with billionaire George Soros in the 1970s, now lives in Singapore as he wants to raise his four-year-old daughter in an environment where she can learn Mandarin Chinese.
Rogers, who also writes investment books, said Wall Street had to work off 10 years of excesses and predicted that losses linked to risky mortgages will eventually spread to credit card bills, student loans and other debt. (Reporting by Kevin Lim; Editing by Jan Dahinten)
Gov of SIngapore and Temasek will always try to back america de.
Then like my mother's penny stocks loh - become 'long term investments' :P
Anyway, don't think any of these 3 banks will fail - sure bail out one. At most don't convert the bonds to shares.
Lets discuss things in board day night.
Temasek and gic are just creditors .
unless they choose convert bonds to stock then the stock price may worry them.
Dunt tell rubbish here.Temasek and Gic may not smartest,but not the stupidest.