PAPee is MOST AFRAID When Sporns Organize Themselves. Why?

[makapaaa]

Troubled investors of Lehman structured products get more organised
By Ryan Huang, Channel NewsAsia | Posted: 01 November 2008 2054 hrs
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Distraught investors express their anguish at losses from structured notes issued by Lehman Brothers (file picture).
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SINGAPORE: Troubled investors in Lehman Brothers-linked structured products are getting more organised.

Over 500 gathered for a fourth time on Saturday at the Speaker's Corner.

An informal group of Maybank customers is planning to hold educational talks by experts on how structured products work, and will hold its first meeting next week.

The group is also planning to set up a password-protected online forum to facilitate discussion and allow them to talk more freely.

Other investors shared their experiences of being interviewed by the banks.

Some said it was as stressful as giving a police statement.

They also urged those who had not yet lodged a complaint to do so.

Some groups are still trying to organise forums with their banks. A group of OCBC investors said they were turned down, but are drafting another letter.

The buzz at Speaker's Corner over the past month has also inspired those not affected to help out.

- CNA/yt

 

[masgnoeL]

This one will blow over. The next one is the BIG one and there may be no way out for THAT ONE but to see your own hard-earned money disappear like the 201K, if no one above wake up, wise up and plan the contingency strategy now to stabilise the situation and offer expert advisory for those affected on their necessary course of action to avert total financial ruin. For the general uninformed and "those resigned to fate", if you have not already done so....DO IT NOW. DON'T WAIT FOR CHRISTMAS.

A separate caution, as it is a known fact that the property market lags the stock market within a golden rule of twelve months, so this is not the end of the financial instability but the beginning.

In this day and age, we are not interested in 20/20 hindsight. That, almost everyone can dish out, as we have been dished out with. Our leaders should always be ahead of the curve.

We do not wish to cry together but to celebrate together. So far, over here, we have been crying together. So, enough is enough. Let's see some positive affirmations of visonary thinking and helicopter view please and not succumb to play the blame game anymore. as Alan Greenspan had said: "This is a once in a century tsunami and I didn't see it coming" Our leaders surely are more far-sighted than that, aren't they? Aren't they?
Hello?.....hello? :(

 

[tomoko]

PAPee is MOST AFRAID When Sporns Organize Themselves. Why?

If they do, PAP will be kicked out of office for corruptly raising their salaries