Lee Kuan Yew, Singapore’s Minister Mentor was successful in dealing with the Japanese during their occupation of Singapore, successful in disengaging with Malaysia, and successful in booting the British out of Singapore.
It is ironic, that in the winter of Lee Kuan Yew’s political life and career, that his very own Temasek Holdings has lost billions of dollars, under the supervision of his daughter-in-law, Ho Ching.
Ho Ching has been charged with incompetence over certain of Temasek’s investments, particularly the investment in Merrill Lynch. However, IN LIFE, we cannot assume that Ho Ching is entirely stupid.
In Lee Kuan Yew’s own media-controlled newspaper, The Straits Times, there is the photo of Ho Ching, who is made to sit next to the ‘New CEO’ of Temasek Holdings – Chip Goodyear IV. (Mr. Goodyear is an alumni of Yale University, a member of the Skulls and Bones society, the birthplace of the CIA).
The tar and feathering of Ho Ching, in public with a photo-op was most embarrassing, especially by Asian standards.
The unnecessary shaming of Ho Ching was permitted by Lee Kuan Yew who, one would assume, has absolute control over the city state. One would also assume, that Lee Kuan Yew would have replaced Ho Ching with one of his trusted cronies, as it would be so much easier to control his own person, than an American.
Does anyone really believe that Charles (Chip) Goodyear IV fell off a turnip truck, and just happened to land the job as head of Temasek?
An American, at the control panel of Lee Kuan Yew’s Temasek?
An American who would be privy to the knowledge of the management and assets of Temasek?
Singaporeans are baffled by Lee Kuan Yew’s choice of a replacement for Ho Ching.
Since when did Lee Kuan Yew allow someone else, outside of his own family, a foreigner and an American, to be in charge of his business?
Had the decision already been made for Lee Kuan Yew by the U.S., with the result that the CIA’s boy, Charles Goodyear IV will be in control of Temasek?
Singapore and Lee Kuan Yew may well be “owned” by America, making the city-state something of a 51st state, but without the benefits.
Does anyone wonder why Ho Ching bought the Merrill Lynch shares, just BEFORE Merrill tanked? The entire financial world knew that Merrill was going under. Certainly Ho Ching knew.
Does everyone believe that Ho Ching is totally daft? Or that she is working and thinking on her own with Tamasek’s investments of billions of dollars?
Ho Ching’s bad investments through Temasek, may well have been forced by the U.S., as Singapore’s contribution to the bailout of America – and more bailout money is still needed, Singapore.
Is it “Welcome to Singapore, CIA?”