Thursday, November 6, 2008

Singapore IR Project is in deep trouble

Las Vegas Sands' chances of default and bankruptcy has risen over the months due to the fallout in the tourism market.



More news at Bloomberg services:
Las Vegas Sands' shares fall drastically after bankruptcy fears rose

Looks like the loans from the local banks to LVS could be in a state of default. This means trouble for the banks, DBS, UOB, and others. If these loans become bad debts and proved overwhelming, much of our savings in DBS and POSB are in trouble.

Time to withdraw?

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