What he is saying effectively is that the Lehman fiasco is unfortunate, no one saw it coming, so let us all charge everything to experience and start anew.
David Lam (ST Forum, on DBS chairman’s remarks)
- Home
- Blogs & Sites
- Moderation
- TOC Store
- Vision, Mission & Core Values
- Join Us!
- Contact Us
- Privacy
- RSS
All rights reserved. Singapore Wedding Videography and Photography | Cream Pictures
Another way of saying, “Move on”.
Moving on depends on doing the right thing by HN2 and HN5 investors.
And the rolling of heads at Consumer Banking. Heads of those who made the decision to target FD holders, and who failed to train and monitor sales staff.
And of what comes out abt DBS’s sales practices at the HK Legco’s investigation.
Honk for the Hongkies! Hongkies lead the way!
Does this clown knows what he is saying at all?
“….let us all charge everything to experience….”
MSN Encarta Dictionary
eve·ry·thing
Definition:
1. the entirety: all the items, actions, or facts in a given situation
2. something all-important: used to emphasize that somebody or something is the most important person or thing there is
To elite people like him, everything translates only to money, proven by the use of the word ‘charge’.
“So we’ve lost some money, it’s not the end of the world. Life has to go on. We will be the better for it. Let’s try again. Let’s start anew“.
To you, the ordinary folks, everything translates to:
1. sudden disappearance of years of your hard earned savings
2. the years of waiting to get hold of your CPF monies and then being conned into a product that failed to achieved its promise.
3. those nights of endless meetings negotiating the best prices for your enbloc units.
4. the hopes you had placed on these investments to see through your children’s educations, dream vacations and maybe being your own boss.
5. the blood, sweat and tears you lost to have this sum of money in your hands.
6. the better food and living lifestyle you had hoped for after years of struggles.
7. many, many more . . . .
Now this clown tells you to charge them all to experience. Talk about bitter pills.
How can anyone take this sort of smug talk?
Yes. It is time for investors to take DBS to court! And we can too help against DBS by shorting DBS stock at the same time while the court case takes place in the background.
It is not too complicated to short DBS stock. Shorting usually means borrowing DBS stock from a broker, then selling it at price X at time T1 and rebuy the stock from the market at price Y at time T2 in future. Ordinary investors can’t do this, but can still achieve the same effect by selling pre-owned DBS stocks and then use the money to buy DBS put options.
go to court to sue no matter what
DBS’s chairman didn’t see it coming? Nobody saw it coming?
He must be talking through his ass.
So typical of a government own entity; “it should not have happen, but it did, lets move on..”
How many “..lets move on..” have we to date, heard from our ‘beloved’ PAP?
I am getting abit tired from this prolonged minibond fiasco. Maybe to those who have lost alot of money the issue seems to have no ending and solution.
All the best to those here who lost money in whatever instruments that you have invested in.
I have lost close to $200,000 in the stock market before and I know the depressive feeling. Best is to s move on in life. It doesn’t help to harp on it all the time.
Let put it in another way. If DBS Chairman is the one who lost a great deal of $$$ in the lehman fiasco and “Mr A” told him to “charge them all to experience”, I guess DBS Chairman will sure “charge” at “Mr A” like a bull, isn’t it?
Putting oneself in another’s shoes would be a wise choice. Be compassionate to the affected community rather than passing such remarks. That doesn’t serve any remedy at all.
Just my 2.5 cents worth of thoughts.
I have lost close to $200,000 in the stock market before and I know the depressive feeling. Best is to s move on in life. It doesn’t help to harp on it all the time. – Gilbert Goh (#7)
How can you compare this loosing money on the stock market? Were you harassed by relationship managers to make the investment decision? Were you mis-represented? If no, your situation is not comparable.
if you are savvy enough to invest profitably, a short can be replicated by put options
4) smallvice585 on November 14th, 2008 12.46 pm
It is not too complicated to short DBS stock. Shorting usually means borrowing DBS stock from a broker, then selling it at price X at time T1 and rebuy the stock from the market at price Y at time T2 in future. Ordinary investors can’t do this, but can still achieve the same effect by selling pre-owned DBS stocks and then use the money to buy DBS put options.
Being paid gazillions, do you think Koh Boon Hwee will stand for the common man? For that matter, he’s a microcosm of the rulers of our country.
I hope DBS got its pants sued off in HK.
So, do you want to experience the fury of the failed minibond investors and perhaps….death?