| From Wayangparty.com: At the peak of the global financial turmoil last year when banks are shunned by most savvy investors, Temasek shocked many in the finance industry by increasing its stakes in troubled U.S. bank Merrill Lynch.
According to Bloomberg: “Temasek Holdings Pte, Singapore’s $130 billion sovereign wealth fund, said it has “great confidence” in Merrill Lynch & Co. Chief Executive Officer John Thain” Merrill has a “great franchise which has existed through many crises through a long period of time,” Michael Dee, Temasek’s senior managing director of international, said in a Bloomberg Television interview yesterday. ..... Full Article: Source
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