Will the Singapore Government bail out Las Vegas Integrated resort project on Marina Bay ?? After all, why should taxpayers' money be used to bail out a huge gamble by Sheldon Adelson, who was once the richest man in Las Vegas?
An urgent meeting to rescue an icon from sinking into quicksand.
Podcast: the mrbrown show 17 Nov 2008: saving an icon Download MP3
Cheap Fare to Melbourne $423 per person ??
Cheap fare to Malaysia !!!
PINNACLE NOTES HAS ZERO VALUE NOW !!This is what the advertisement for the notes look like. The one above is for Pinnacle Notes 10. Right at the bottom it lists the reference entities Australia, Hong Kong, Singapore, SingTel and Temasek. None of entities have had a credit event but the notes are now worthless. The underlying securities were not bonds of Australia, Hong Kong and Singapore etc but a basket of toxic waste CDOs. If this is not mis-selling what is?
SO MANY UNCLE AND AUNTY AFFECTED .Only 3 countries in the world allowed the products to be sold and Singapore is one of them.
OTHER NEWS !!!
Temasek looks likely to have lost its entire S$400m (US$270m) investment in ABC Learning Centres, the recently-collapsed Australian childcare provider, and there are growing concerns that the fund may have to help bail out the Marina Bay Sands casino project in Singapore as owner Las Vegas Sands creaks under a mountain of debt.
But the rapid demise of ABC Learning, which is Australia's largest childcare provider, shows that Temasek's poor investment decisions are not limited to the banking sector. Temasek bought into ABC in May last year at a punchy A$7.30 a share and the stock soon headed south as the outlook for the over-hyped operator deteriorated. The shares were suspended at 54 cents each in August but equity investors are likely to lose everything after ABC went into administration because of mounting financial problems.
Temasek looks likely to have lost its entire S$400m (US$270m) investment in ABC Learning Centres, the recently-collapsed Australian childcare provider, and there are growing concerns that the fund may have to help bail out the Marina Bay Sands casino project in Singapore as owner Las Vegas Sands creaks under a mountain of debt.
But the rapid demise of ABC Learning, which is Australia's largest childcare provider, shows that Temasek's poor investment decisions are not limited to the banking sector. Temasek bought into ABC in May last year at a punchy A$7.30 a share and the stock soon headed south as the outlook for the over-hyped operator deteriorated. The shares were suspended at 54 cents each in August but equity investors are likely to lose everything after ABC went into administration because of mounting financial problems.
AIG = $2.06MORGAN STANLEY = $13.21
CITIGROUP = $9.45
GOLDMAN SACHS= $69.99
MICROSOFT = $21.25
CISCO SYSTEMS= $17.26
THURSDAY (NOV 13) CLOSING PRICE !
GOOD TIME TO BUY . Money making opportunities in the US STOCK MARKET , WHICH HAS BEEN BATTERED DOWN TO BARGAIN-BASEMENT LEVELS .
