Monday, October 20, 2008
Maybank RESCUE SINGAPORE TEMASEK
Temasek,the investment arm of Singapore failed in 2 big investment totalling US10B that is US$ 5 Billion each in Citigroup and UBS Switzerland.Since both of this investment is bad,Temasek need a SUCKER to rescue itself from financial turmoil. That SUCKER is MAYBANK.Even though the world is in financial crisis,Maybank still insist of concluding the deal with Temasek and Kookmin Bank Korea to buy BII Indonesia at a price of Rupiah 510 when the stock market price is around 170 Rupiah. The reason Maybank buy BII is because Maybank and the Govt of Malalaysia were under the influence of a FORMER MINISTER OF FINANCE OF MALAYSIA to do this deal.This deal is done to return a favour to the Govt of Singapore for helping in the stopping of Dr Mahathir to stay as PM.This is where a big sump was loan by Singapore to the people in power to bribe all the ministers to support the current leadership and to prevent Old man M (who was contemplating to reverse his decision to retire)from staying as PM.The person who do all this arrangement is the former finance minister who was also a former major shareholder of Sorak which sold BII to Maybank.This deal is done at the expense of Malaysian taxpayers as the majority shareholders of Maybank is Khazanah Nasional,ASN and EPF.Thus, the attitude of the current leadership is same and we need to change the govt who have always mislead the RAKYAT.(Before this deal Temasek and Kookmin own Sorak).