remember LEHMAN'S MINIBOND? if we do, then remember heng wee kiat, CEO of MAS.
who does he side? the minibonds sold by banks esp DBS or the poor unwary investors?
obviously, he sided with money or the pap's Dirty Bastards of Singapore. now pap pushes him to be mp wannabe and maybe more further promotions.
again, voters should ask this very important question:
WHO IS HE GOING TO SIDE IF HE SHOULD WIN THE GE? paps or the voters who might regret later to have voted for him?
After the mini-bonds disaster blew up, MAS sided the banks instead of the local investors who were cheated of their $. The disempowered the individual investors by asking them to seek resolution with the bank instead of as a group. In HK, most investors of the mini-bonds, with the tough backing of their government, got back as much as over 90% of their money. Here in Sg, very few got such compensation.
who does he side? the minibonds sold by banks esp DBS or the poor unwary investors?
obviously, he sided with money or the pap's Dirty Bastards of Singapore. now pap pushes him to be mp wannabe and maybe more further promotions.
again, voters should ask this very important question:
WHO IS HE GOING TO SIDE IF HE SHOULD WIN THE GE? paps or the voters who might regret later to have voted for him?
After the mini-bonds disaster blew up, MAS sided the banks instead of the local investors who were cheated of their $. The disempowered the individual investors by asking them to seek resolution with the bank instead of as a group. In HK, most investors of the mini-bonds, with the tough backing of their government, got back as much as over 90% of their money. Here in Sg, very few got such compensation.
