You know how the government justified that their purchases of Barclays, Merrill Lynch, UBS and Citigroup are like once in a lifetime opportunities. Nevermind if it loses money, we are buying sound instituition which would otherwise not be offered for sales.

Fact is, of course they are not for sales if they are doing okay. The fact that they are doing badly that even their own shareholders are refusing to embrace faith in their own companies kind of say a lot about them. So are these strategic investments really worth the top dollars we are paying?

When you see your own MP Singh asked about Temasick Billion dollar loss in Barclays Bank, you can’t help but wonder how much other losses we can expect. This is not even factoring the loss we suffer in Shin Corp, the humongous write down on Optus and potential fall out in the Indonesian telecoms companies.

With law recently enacted that will allow GIC and Temasick to dip their hands into public funds (like CPF), it will only make it easy and less transparent for more transactions as such to take place. Why would the chinese government intervene at the eleventh hours to prevent the chinese sovereign funds into making inroads into Citigroup? Have their analysts used other methods than our analysts? What about investors like Warren Buffett or George Soros? What are their views? Why won’t they sell whatever they are holding and buy these “once in a lifetime investment opportunities”?

Now, here’s the question, would you sell all your asset and dump them into these shares?