Actually the management should be to blame. I used to work in a local bank and all they are interested in is just generating more profits. When my colleagues sell the plan as 5 year when it should be 15 year, my manager just close an eye.. In a bank, they are very profit driven. Risk profile analysis is just a show for MAS/public to see, in fact they already knew what products they want to sell to you even your risk profile differs from the product recommended.

aiya…
all need to blame..

but the management need to blame…
it is just a lie..just want to earn pp money…

but PP don be so greedy…

HEY gov,do something…
learn from hongkong gov..

Hk ans SG dbs action towards this incident is so different. i thought SG is somewhat efficient in handling things?

Here is video I gather from Hong Kong and Singapore on the Lehman minibonds. These folks are using their live saving. Now everything is gone.

http://www.mini-bonds.com

The old folks have too much faith in the Singapore bank. As the old investor mentioned when she see one of our largest banks are involved, her faith grew. The bank must shared a bigger blame as knowing that the old folks cannot afford this kind of risk but yet keep asking the senior people to buy.

The number of people who turn out is more than 1000, a record demonstration! Show that Singaporeans will protest when their monetary interests are at stake.

A while back, SM Goh boasted that the PAP govt is not afraid of opening up the Hong Lim Park as he believes that there will not be a large demonstration due to the “good” governance of the PAP. Look’s like he will have to eat his words now.

1,000 / 4,600,000= 0.0002% – not enough to worry anyone.
1,000,000 / 4,600,000=0.21% – mmmm – maybe …
until such time – not much is going to happen.
I sympatise with those who lost their savings.
It has happened before – remember Gemini Chit Funds? etc etc
It will happen again.
Hopefully future generations will remember and do not fall for all these ….

only thing to do now is pray…..

“1,000 / 4,600,000= 0.0002% – not enough to worry anyone.”

How about : -
1/4,600,000 = 0.000022% – not enough to worry anyone ?

Well, what if it is Chee ?

“1,000,000 / 4,600,000=0.21% – mmmm – maybe …”

Can HLG take 1,000,000. Will it be allowed if 1,000,000 really want to do it. Will our enforcers allow it.

Our police was so quick to even pre·empt the possibility of the planned one held outside DBS at the level which you feel “not enough to worry anyone” but apparently it has them worried to hell.

Maybe you have a more discerning but stinky feel than our ‘bozo’ police who cannot handle any figure more than 4 persons or more.

Even I do not even know you, you do smell stinky in this virtual space. I just cannot explain the physics.

Ahem, just a minor correction:

1,000 / 4,600,000 = 0.022%

1,000,000 / 4,600,000 = 21.7%

Gus, you need to start being a little bit more ‘unfeeling’. Don’t always just look at numbers. Like your post on the other topic about chasing that elusive dream – you have to get out of the programming inside you and feel for these people whose sufferings are real. They are not numbers for you to compare and conclude that since they are few, the problem is small.