More money into UBS?
'Singapore's GIC may participate in UBS rights offering - report April 14, 2008: 09:17 PM EST SINGAPORE, Apr. 14, 2008 (Thomson Financial delivered by Newstex) -- The Government Investment Corporation of Singapore (GIC) may participate in the 15-billion Swiss franc ($15 billion) rights offering of Swiss investment banking giant UBS (NYSE:UBS) AG, the Wall Street Journal reported on Tuesday, citing unnamed sources. This will be the second time that GIC will be injecting capital into UBS following an 11 billion franc investment in December last year....' This time they are going in with eyes wide open. The first time they went in there were some uncertainties and a little wet behind the ears. This time there is no excuse if they foul it up. Basic questions, is this a bottomless pit? Are all the woms out crawling? Is there light at the end of the tunnel? What are the safeguards and protection to our investments if there are more than meet the eyes? The worst thing that can happen is to put in good money after bad money. Better do all the homework thoroughly. Billions of our money are at stake.