Ahn Young ! (Hello in Korean)
With the minibond fiasco running into its 5th week with no imminent resolution in sight, what are the Singapore and Hong Kong authorities doing for their distraught investors ?
Let us compare the actions taken so far by their respective leaders and consumer associations:
Singapore Prime Minister Lee Hsien Loong:
“It cannot be that if I invested and it turned out well, then I am happy, but if I invested and it turned out badly, then I am entitled to compensation”.
The government is not in a position to guarantee what is safe and what is not safe because there is nothing which is 100 per cent safe.”
MAS Chairman and Senior Minister Goh Chok Tong, speaking from Seoul, Korea:
“In cases where there is mis-representation in the sale of the product, well, just complain to the FIs. MAS job is to make sure the FIs give them a firm and fair hearing.”
Watch the hilarious CNA edited video on SM Goh here:
http://wayangparty.com/2008/11/01/a...d-investors-from-mas-chairman-in-seoul-korea/
With the minibond fiasco running into its 5th week with no imminent resolution in sight, what are the Singapore and Hong Kong authorities doing for their distraught investors ?
Let us compare the actions taken so far by their respective leaders and consumer associations:
Singapore Prime Minister Lee Hsien Loong:
“It cannot be that if I invested and it turned out well, then I am happy, but if I invested and it turned out badly, then I am entitled to compensation”.
The government is not in a position to guarantee what is safe and what is not safe because there is nothing which is 100 per cent safe.”
MAS Chairman and Senior Minister Goh Chok Tong, speaking from Seoul, Korea:
“In cases where there is mis-representation in the sale of the product, well, just complain to the FIs. MAS job is to make sure the FIs give them a firm and fair hearing.”
Watch the hilarious CNA edited video on SM Goh here:
http://wayangparty.com/2008/11/01/a...d-investors-from-mas-chairman-in-seoul-korea/
