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Temasek’s Merrill losses could exceed $2bn

I hate to say this, but we're probably looking at tax increases and upping of the retirement age in the coming years.Just when the financial crisis is brewing, Temasek went in and bought tonnes of Merrill Lynch stocks. I'm not a financial guru, but when you even have an inkling that the stock market is gonna get volatile, the most sensible thing is.... NOT to buy.....We are so in deep shit.http://www.ft.com/cms/s/0/b1845f60-dcf3-11dd-a2a9-000077b07658.html

 

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