From Economist.com: The sceptic’s explanation for this unexpected change might be that Temasek has lost a lot of money. Four days after Goodyear’s appointment the government said Temasek’s assets had fallen from S$185 billion ($134 billion) at the end of last March, to S$127 billion ($84 billion) at the end of November.

There have been big, poorly timed equity injections into Barclays and Merrill Lynch….. Full Article: Source