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Singapore’s GIC investments plunge 20%

0 Comments Published September 30th, 2009 in News.

Government of Singapore Investment Corp. says its investment portfolio shrank by more than 20% in local currency terms in the fiscal year ended March 31, owing to large declines in the value of its holdings in UBS AG.

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« Brett Arends’ ROI: What Michael Moore’s new movie didn’t cover
Lawmakers battle over consumer mortgage agency »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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