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If banks take the position that they wish to compensate the group of vulnerable investors because of mis-selling, then mis-selling must have occurred to the general population who bought these investment products as well. – Leonard Loo
Circular and non logical argument. But never mind if the people get help.
If banks take the position that they wish to compensate the group of vulnerable investors because of mis-selling, then mis-selling must have occurred to the general population who bought these investment products as well. – Leonard Loo
If banks take the position that they wish to compensate the group of vulnerable investors because of mis-selling, then mis-selling must have occurred to the general population who bought these investment products as well. – Leonard Loo
Well said!
Is there any investment sold by the banks not link to Lehman Brothers? If so, what about those?
Understand that some of the investors are vulnerable, but where does it stop?
asking banks to compensate everyone who bought into investments that had gone soured is ridiculous!
Far from the truth being hidden, the risks were staring at you in the face.
Fixed deposit with a A-rated bank pays you interest sub-1%pa
Structued deposit (call it what you will minibonds, high notes, etc etc) pays you >=5%pa….that’s more than 10 times yield over fixed deposit rates!!
there’s no free lunch in the world, where got such a good deal? high interest, no risk…somemore ask government for your money back ??
Even the retirees and lowly educated are to be blamed for putting all their money into such products. paying you back was goodwill. period.
blame yourself for your own greed, and don’t cry foul when things sour
Loo must have had III in law.
Circular and non logical argument. But never mind if the people get help.
If banks take the position that they wish to compensate the group of vulnerable investors because of mis-selling, then mis-selling must have occurred to the general population who bought these investment products as well. – Leonard Loo