WEDNESDAY AUGUST 27
Temasek Upping Merrill Stake

After taking a bath on their first stake, and receiving a reset payment, Singapore-backed Temasek is upping its stake in Merrill Lynch. Despite what Warren Buffett said last week, i.e. sovereign wealth funds are buying what is being sold to them, Temasek believes John Thain and company will right this ship. Kool-Aid be damned!

August 2008

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