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Coffeeshop Chit Chat - NOW the ""witch hunt"" begins in BANKS!</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 cellSpacing=0 cellPadding=0 width="100%" 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%">chorut <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Oct-17 9:02 pm </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 15) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>1387.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>The MAS is not a new institution. It has been there for decades. There is also the ABS some sort of self regulating body of the banks. All these insitutions are well aware of the type of products being offered to customers.
The questions here are;-
1)in the name of liberalisation, did the authorities simply allow so called "creative and risky ' products to be sold to the public at their own choice and risk?
2)caveat emptor -let the buyers beware -we don't interfere?
3)was there a concerted, definite intent on the part of the banks/issuers to colloborate to cheat the public and target retirees?
taking into consideration:-
the majority of singaporeans are :-
1) not savvy
2) have poor understanding of the english language and even if they understood english, can't analyse or think
3) always need a nanny
4) kiasu
5) cannot take risk
6) always want to find some scapegoats to blame when they lose and
7) yet are greedy and easily tempted.
LATEST NEWS!!!!
Banks have starting preparing for the witch hunt and singling out their RMs to write statements etc !!!!!
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The questions here are;-
1)in the name of liberalisation, did the authorities simply allow so called "creative and risky ' products to be sold to the public at their own choice and risk?
2)caveat emptor -let the buyers beware -we don't interfere?
3)was there a concerted, definite intent on the part of the banks/issuers to colloborate to cheat the public and target retirees?
taking into consideration:-
the majority of singaporeans are :-
1) not savvy
2) have poor understanding of the english language and even if they understood english, can't analyse or think
3) always need a nanny
4) kiasu
5) cannot take risk
6) always want to find some scapegoats to blame when they lose and
7) yet are greedy and easily tempted.
LATEST NEWS!!!!
Banks have starting preparing for the witch hunt and singling out their RMs to write statements etc !!!!!
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u can b naive but u cant be stoopid right?
