On Mar 18, 4:23=A0pm, baldeagle <botakea...@[EMAIL PROTECTED]
> wrote:
> On Mar 18, 11:29=A0am, yansimon52 <yansimo...@[EMAIL PROTECTED]
> wrote:
>
>
>
> > > Time to get rid of your bank shares before it become worthless
>
> > About 15 to 20 years ago, when the Sinag****e property was in the
> > downturn....we still see Far East putting this adv 'We want to buy
> > landed property' pls contact 'Mr Chong at tel 2352411........Ppl were
> > asking why Far East still buying up properties =A0when properties were
> > in the doldrum?.........this is called 'wayang wayang ' lar
>
> Hey Simoni..
>
> FE is a property developer...it is their business to
> build houses and sell them at a profit. They have
> to wayang-wayang to make a living.
> FE is not a loan shark...like the finance houses in
> USA or investment banks....lending money to poor
> Americans who have no mean of repaying the mortgage
> loans.
>
> > Cos, Far East is one of the largest property owners in Singa****e and
> > they cannot allowed property price to drop leh..........got to buy up
> > for show show only and at the =A0same time to 'prop-up' property price
> > wat.
>
> > In this JP Morgan Chase purchase of Bear Stearn..........oso can be
> > view as for 'show show'.........
>
> =A0JP Morgan Chase was armed twisted by the US government
> to take over the operations of Bear Stearns... the US government
> gave a credit line of US$30 billions to underwrite the amount
> of money Bear Stearns owed to its creditors. Bear Stearns would
> been bankrupt and closed ...if the deal was not completed
> by Sunday, before Wall St. open on Monday.
>
> > I bet you JP Morgan Chase, they
> > themselves oso facing internal cash flow problem.........
>
> Yes. JP Morgan Chase has lots and lots of problem
> with the subprime saga. It too had to sort out the
> problem of credit crunch. But with the huge credit line
> given by the US government...it will have some breathing
> space ...at least for now.
>
> Before the deal, the creditor of Bear Stearns were
> shaking...fearing that they had to write off their loans
> in billions to Bear Stearns... If it had happened, then
> many of these creditors, ..some of the leading finance
> houses in Wall Street, would be forced to declare
> bankrupt . ..it would set off a domino effect...like
> a Tsunami ..drowing many of them...in a bloodbath.
>
> The deal, in this sense, saved the US financial system
> at least for now ...tem****arily....
> This saga is not ended yet...the bloody fights for
> survival ...is far from over ...for the many troubled
> US finance houses and investment banks.
>
> Whatever the US government do now...it cannot prevent
> the US economy from sinking into a deep recession.
> Experts fear that it could be worse than the Great
> Depression in the 30s which brought hard****p to
> every country around the world.
>
> It would be wise...for the Singa****e government
> to uncouple our economy with the USA...(example
> US dollar parity)...to minimise the harmful knock
> on effects from the US recession.
so it is a good time to buy CITIBANK shares ?
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