tag:blogger.com,1999:blog-6917465355806677421.post8657187729653713673..comments2024-02-28T00:53:16.343-08:00Comments on Veritas: Collapse of GIC and Temasek Holdings 2: GIC crashesVeritashttp://www.blogger.com/profile/00269626703466474028noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6917465355806677421.post-3710992046121525672011-08-10T18:51:26.726-07:002011-08-10T18:51:26.726-07:00I think they are holding UBS investment at cost be...I think they are holding UBS investment at cost because its a convertible bond. But the conversion price of 47.7 franc is way above current market price of 17 franc. That dollop is $14b sucker punch. If someone can do the rough guestimate, the $14b should at least be written down by 60% to 70%, so paper loss of $9b to $10b. Yet the 5 year return has been stuck at that 5% range forever. Of course their return is in USD (they conveniently forgot to highlight that unlike MAS - that shows how deceitful and disingenious thse folks are, even compared to the MAS). So maybe the saving grace is the strength of the swiss franc, but now the interest rate of the franc is negative, I doubt those Italians and Frenchies would be rushing to deposit their savings in switzerland, so lets see what their return shows next year.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6917465355806677421.post-55897323028059795562011-08-09T01:09:05.929-07:002011-08-09T01:09:05.929-07:00Re ngpy:
Do not dream of getting back CPF unless y...Re ngpy:<br />Do not dream of getting back CPF unless you decide to migrate.<br /><br />GIC is a cesspool organization to distribute income from the poor to the rich, as well as giving monies freely to USA. <br /><br />Your suggestion is tantamount to breaking the piggy banks of our elite.Veritashttps://www.blogger.com/profile/00269626703466474028noreply@blogger.comtag:blogger.com,1999:blog-6917465355806677421.post-71123439949677705422011-08-09T00:35:19.769-07:002011-08-09T00:35:19.769-07:00HOW REALIABLE IS VERITAS THAT IF GIC WERE TO COLLA...HOW REALIABLE IS VERITAS THAT IF GIC WERE TO COLLAPSE THEY WILL LOSE ALL THE CPF MONEY. THAN CPF MEMBERS SHOULD BE FOREWARN TO WITHDRAW THEIR CPF MONEY WHEN EVER POSSIBLEngpynoreply@blogger.com