<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>
Coffee Shop Talk - 500 protest lost savings </TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE>
<TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top>
<TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top>
<TABLE cellSpacing=0 cellPadding=0 width="100%" align=center border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">BREAKlNGNEWS <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">7:25 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 2) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>10454.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Oct 25, 2008
500 protest lost savings <!--10 min-->
The rally at Speaker's Corner, the third so far, was led by former NTUC Income chief Tan Kin Lian.
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD><!-- headline one : start --></TD></TR><TR><TD><!-- headline one : end --></TD></TR><TR><TD><!-- Author --></TD></TR><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Gracia Chiang
</TD></TR><TR><TD><!-- show image if available --></TD></TR><TR vAlign=bottom><TD width=330>
</TD><TD width=10>
</TD><TD vAlign=bottom>
The rally at was led by former chief executive officer of NTUC Income Tan Kin Lian (pictured), who announced that he was starting a fourth petition to urge banks to seek a 'common approach' to compensate investors who had bought Lehman's Minibonds. -- PHOTO: THE NEWPAPER
</TD></TR></TBODY></TABLE>
<!-- START OF : div id="storytext"-->FOR the third time, around 500 Singaporeans gathered again at Speakers' Corner on Saturday to protest unhappiness over their lost savings from investing in Lehman-linked products. The rally at Hong Lim Park was led by former chief executive officer of insurer NTUC income Tan Kin Lian, who announced that he was starting a fourth petition to urge banks to seek a 'common approach' to compensate investors who had bought Lehman's Minibonds.
Mr Tan, who has taken on the role of championing the investors' cause, said he hopes to collect 1,000 signatures for the petition which will be sent to the Monetary Authority of Singapore (MAS).
The petition urges banks to return a fixed percentage of their investment as compensation.
Many who turned up at the gathering were young and English-educated Singaporeans.
In the earlier two rallies held in the last two weekends, Mr Tan had asked the MAS and the various banks to look into what investors say were widespread cases of mis-selling.
They claimed they were sweet-talked into buying what they thought were safe products when all they wanted was to renew their fixed deposit accounts.
About 10,000 people sank over $500 million into the risky investment products which became virtually worthless after the American investment Bank Lehman Brothers collapsed last month.
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_294823.html
</TD></TR></TBODY></TABLE>
</TD></TR></TBODY></TABLE>500 protest lost savings <!--10 min-->
The rally at Speaker's Corner, the third so far, was led by former NTUC Income chief Tan Kin Lian.
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD><!-- headline one : start --></TD></TR><TR><TD><!-- headline one : end --></TD></TR><TR><TD><!-- Author --></TD></TR><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Gracia Chiang
</TD></TR><TR><TD><!-- show image if available --></TD></TR><TR vAlign=bottom><TD width=330>
</TD><TD width=10>
The rally at was led by former chief executive officer of NTUC Income Tan Kin Lian (pictured), who announced that he was starting a fourth petition to urge banks to seek a 'common approach' to compensate investors who had bought Lehman's Minibonds. -- PHOTO: THE NEWPAPER
</TD></TR></TBODY></TABLE>
<!-- START OF : div id="storytext"-->FOR the third time, around 500 Singaporeans gathered again at Speakers' Corner on Saturday to protest unhappiness over their lost savings from investing in Lehman-linked products. The rally at Hong Lim Park was led by former chief executive officer of insurer NTUC income Tan Kin Lian, who announced that he was starting a fourth petition to urge banks to seek a 'common approach' to compensate investors who had bought Lehman's Minibonds.
Mr Tan, who has taken on the role of championing the investors' cause, said he hopes to collect 1,000 signatures for the petition which will be sent to the Monetary Authority of Singapore (MAS).
The petition urges banks to return a fixed percentage of their investment as compensation.
Many who turned up at the gathering were young and English-educated Singaporeans.
In the earlier two rallies held in the last two weekends, Mr Tan had asked the MAS and the various banks to look into what investors say were widespread cases of mis-selling.
They claimed they were sweet-talked into buying what they thought were safe products when all they wanted was to renew their fixed deposit accounts.
About 10,000 people sank over $500 million into the risky investment products which became virtually worthless after the American investment Bank Lehman Brothers collapsed last month.
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_294823.html
</TD></TR></TBODY></TABLE>
