Government manipulation … another hint

3 Responses to “Government manipulation … another hint”

1. matttt Says:
   Mai 15th, 2009 at 08:12

   Hello Oly,
   sure they sell at loss, but they choose capital preservation,
   in any case a very good timing, on top at this rally!
   This is not manipulable :o)

   Singapore’s Temasek sells its entire stake in Bank of America

   HONG KONG (MarketWatch) — Singapore’s sovereign wealth fund Temasek Holdings Ltd. sold it entire stake in Bank of America Corp., that it received when the U.S. bank bought Merrill Lynch earlier this year.

   Temasek reported the share sale in an end-of-quarter filing with the U.S. Securities and Exchange Commission.

   The filing reportedly showed Temasek had 219.7 million Merrill Lynch shares in December. These shares were later converted into Bank of America (BAC 11.31) shares, equivalent to a 3.8% stake in the bank, according to a report by Dow Jones Newswires.

   Temasek invested about $5.9 billion for a 14% stake in Merrill Lynch in December 2007.

   A Temasek spokesman Friday confirmed the stake sale but did not elaborate on the reasons for the move (aahahahah!!) or how much it received for the stake, the Dow Jones report said

2. matttt Says:
   Mai 15th, 2009 at 12:37

   Temasek put quite 6 bUS$ in ML in dec 07 & they sold yesterday for 1,3 bUS$
   A loss of 4,6 bUS$ or 77% in 1,5 year: what a bargain!!!
   They are investors with a very long time horizon:
   probably they think this is the better price from now to 10 years

3. Oli Says:
   Mai 16th, 2009 at 08:11

   It might show, that even THEM have been abused by the manipulators … FED & friends …

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