Comments on: TOC TV speaks to investors at Hong Lim Park

By: gemami

gemami — Thu, 16 Oct 2008 07:52:46 +0000

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.

By: Ahem

Ahem — Thu, 16 Oct 2008 06:44:14 +0000

Ahem, just a minor correction:

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

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

By: Gus, it is you again.

Gus, it is you again. — Thu, 16 Oct 2008 05:02:00 +0000

“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.

By: Gus

Gus — Thu, 16 Oct 2008 04:38:59 +0000

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…..

By: beebee

beebee — Thu, 16 Oct 2008 01:18:06 +0000

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.

By: Tan kuku

Tan kuku — Wed, 15 Oct 2008 06:38:10 +0000

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.

By: lbmb888

lbmb888 — Tue, 14 Oct 2008 23:59:44 +0000

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

By: yamsengg

yamsengg — Tue, 14 Oct 2008 14:58:03 +0000

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

By: victor @young ganeration@

victor @young ganeration@ — Tue, 14 Oct 2008 14:37:38 +0000

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..

By: Lily Chan

Lily Chan — Tue, 14 Oct 2008 05:02:51 +0000

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.