All HK Banks Will Buy Back Minibombs While BEST PAID PAPee Still ACTS BLUR!

[makapaaa]

The "fcuked-up-ness" of the Familee and its running dogs is getting worse by the day!

HONG KONG (Dow Jones)--All the banks in Hong Kong will buy back the mini-bonds backed by Lehman Brothers Holdings Inc. (LEH) that they sold to retail investors, the Chinese-language Hong Kong Economic Journal reported Friday, citing unnamed sources.

The paper said the banks and the Hong Kong Monetary Authority plan to announce the details of the package Friday.

Monday, the Hong Kong Monetary Authority said Hong Kong''s banks sold
HK$20.17 billion (US$2.59 billion) worth of Lehman-related products to retail investors, including HK$11.2 billion of mini-bonds, whose value plunged after Lehman collapsed last month.

Separately, an 84-year-old woman and her mentally-ill son reached an agreement with on a partial refund from DBS Group Holdings Ltd.
(D05.SG) on derivatives backed by Lehman, the South China Morning Post reported Friday, citing the woman''s younger son.

The paper said it is the first case of settlement, but didn''t disclose the details of the compensation.



-By Aries Poon, Dow Jones Newswires; 852-2832-2332; [email protected]

 

[myfoot123]

There is only one possibility, pap used up all our reserves to buy ailing US banks until no monies to help peasants. We have no more monies in our reserve thus they are still not willing to lower all the fees despite deflations.

The "fcuked-up-ness" of the Familee and its running dogs is getting worse by the day!

HONG KONG (Dow Jones)--All the banks in Hong Kong will buy back the mini-bonds backed by Lehman Brothers Holdings Inc. (LEH) that they sold to retail investors, the Chinese-language Hong Kong Economic Journal reported Friday, citing unnamed sources.

The paper said the banks and the Hong Kong Monetary Authority plan to announce the details of the package Friday.

Monday, the Hong Kong Monetary Authority said Hong Kong''s banks sold
HK$20.17 billion (US$2.59 billion) worth of Lehman-related products to retail investors, including HK$11.2 billion of mini-bonds, whose value plunged after Lehman collapsed last month.

Separately, an 84-year-old woman and her mentally-ill son reached an agreement with on a partial refund from DBS Group Holdings Ltd.
(D05.SG) on derivatives backed by Lehman, the South China Morning Post reported Friday, citing the woman''s younger son.

The paper said it is the first case of settlement, but didn''t disclose the details of the compensation.



-By Aries Poon, Dow Jones Newswires; 852-2832-2332; [email protected]