tag:blogger.com,1999:blog-29051014.post5488044414634251894..comments2024-03-27T14:29:16.273+08:00Comments on nofearSingapore: Singapore's Distraught Investors of Structured Products Need Help Now! (Forum Letter)nofearSingaporehttp://www.blogger.com/profile/10292932144525733468noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-29051014.post-81879631314953266212008-11-07T12:00:00.000+08:002008-11-07T12:00:00.000+08:00Remember Baring's bank and Nick Leeson?He served t...Remember Baring's bank and Nick Leeson?<BR/><BR/>He served time... but now he is back?SHIMUREhttps://www.blogger.com/profile/04479176493350435430noreply@blogger.comtag:blogger.com,1999:blog-29051014.post-71379773597166281442008-11-07T11:53:00.000+08:002008-11-07T11:53:00.000+08:00Why invest in something you know nothing of?It is ...Why invest in something you know nothing of?<BR/><BR/>It is the new question which everyone should ask when requested or solicted in investment....<BR/><BR/>When the sub prime matter started.... it was 1 year ago....<BR/><BR/>This minibonds would be the 1st of many products to be affected...<BR/><BR/>Unit trusts and other investment products will follow....<BR/><BR/>Lesson most important here....SHIMUREhttps://www.blogger.com/profile/04479176493350435430noreply@blogger.comtag:blogger.com,1999:blog-29051014.post-78245642392453877782008-10-17T11:42:00.000+08:002008-10-17T11:42:00.000+08:00Lawyers, erh, even if you have little chance of wi...Lawyers, erh, even if you have little chance of winning, will tell you there is a 50-50 chance.<BR/><BR/>My former employers got into the 50-50 trap many years ago. They not only lost the case, they had to pay fabulous legal fees for queen's counsel etc. Not only did the case drag on for years, in the end the amount they paid was about twice the amount of the claim, which if they had just paid upAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-7914588053010764492008-10-16T08:23:00.000+08:002008-10-16T08:23:00.000+08:00Hi guys:A second version of my letter was sent as ...Hi guys:<BR/>A second version of my letter was sent as there was some response from DBS after I wrote the first one. This is published in MyPaper on 16.10.08.<BR/><BR/>A short comment on Class Action:<BR/>There was a comment from a lawyer that investors should consider this to seek redress. My advice ( from a painful and bad experience in Raffles Town Club case): Don't. Only the lawyers will nofearSingaporehttps://www.blogger.com/profile/10292932144525733468noreply@blogger.comtag:blogger.com,1999:blog-29051014.post-7755806982638721722008-10-14T17:09:00.000+08:002008-10-14T17:09:00.000+08:00If the clob shares experience is anything to go by...If the clob shares experience is anything to go by, I won't be too optimistic about their assurances, even as they appear to be addressing the issue. In any case, trying to prove mis-selling is not going to be easy, and watch the way they crafted their reply where compensation, if any, is going to be on a case by case basis.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-13610935749546634102008-10-14T16:13:00.000+08:002008-10-14T16:13:00.000+08:00It is extremely stupid to continue to keep your mo...It is extremely stupid to continue to keep your money in the very same bank that you had perceived to cheat you, your friends and/or your family. Withdrawing your funds from DBS/POSB may even get you a better deal elsewhere in Singapore. For example, Maybank charges 0.5% interest higher for their current accounts.<BR/><BR/>http://www.channelnewsasia.com/stories/singaporebusinessnews/view/382531/1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-89302284344880354482008-10-14T13:09:00.000+08:002008-10-14T13:09:00.000+08:00The Sin govt must look beyond their mindset that t...The Sin govt must look beyond their mindset that the people will look to them for bail outs should they set a precedent. <BR/><BR/>The most important objective is to reinforce the credibility of our finacial institutions. I believe it is the HK govt's main purpose.<BR/>The recent collective measures by various govts show it is imperative to calm the markets and give confidence to investors.<BR/>IAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-29051014.post-75018873273604672192008-10-14T11:49:00.000+08:002008-10-14T11:49:00.000+08:00Hi Lucky,I think none of us know how these folks f...Hi Lucky,<BR/>I think none of us know how these folks feel unless we also put in hard-earned money into these same structured products.<BR/><BR/>The govt will be thinking:<BR/>1. If we bail out the investors, the people will always want us to bail them out in the future. <BR/>We must continue with our time-honoured philosophy of not helping people 100% or else these people will get used to it andnofearSingaporehttps://www.blogger.com/profile/10292932144525733468noreply@blogger.comtag:blogger.com,1999:blog-29051014.post-77616072283812618162008-10-14T11:15:00.000+08:002008-10-14T11:15:00.000+08:00Dr. Huang,After this structured products episode, ...Dr. Huang,<BR/>After this structured products episode, there is going to be the recession...which will be more widespread in terms of impact.<BR/><BR/>The govt ran a system in which a large segment of the population couldn't save up during the good times due to the income gap and rising cost of living. When the recession hit, there will be many people going into dire straits fast.<BR/><BR/>The Lucky Tanhttps://www.blogger.com/profile/04966909243143681126noreply@blogger.com