"...... managers of Singapore’s savings have enough records of buying into fashionable stocks near the top and then having to help bail-outs on the way down. UBS was a classic example. GIC, the Government Investment Corporation, backed UBS big time when banking was the flavor of the day, losing massively. Temasek likewise lost heavily on Bank of America.." Full story
OPINION:Singapore's Temasek Bails Out Another Loser
"...... managers of Singapore’s savings have enough records of buying into fashionable stocks near the top and then having to help bail-outs on the way down. UBS was a classic example. GIC, the Government Investment Corporation, backed UBS big time when banking was the flavor of the day, losing massively. Temasek likewise lost heavily on Bank of America.." Full story
