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10/30/2008
Will head roll?
MAS is still conducting its inquiry into the minibond fiasco. It has assured the public that if there are misdeeds, mis sellings etc, disciplinary actions will be taken.
Will we see any heads roll? It's only $500 million under the bridge.
4 comments:
Anonymous
said...
No heads will roll. Things will go on as always. Enough, lets move on. People who want to play the market, put money in all sorts of investment to gain a few more % of interest must take the risk and cannot cry when things go sour.
Yaloh. No heads will roll one lah. It's the financial institutions that pressurise their salesmen to meet their sales quotas in the 1st place. So the salesmen resorted to using pressure tactics and fraudulent misrepresentation when they sold the mini bonds to the clueless retail investors.
4 comments:
No heads will roll. Things will go on as always. Enough, lets move on. People who want to play the market, put money in all sorts of investment to gain a few more % of interest must take the risk and cannot cry when things go sour.
Yaloh. No heads will roll one lah. It's the financial institutions that pressurise their salesmen to meet their sales quotas in the 1st place. So the salesmen resorted to using pressure tactics and fraudulent misrepresentation when they sold the mini bonds to the clueless retail investors.
The $500 million was lost fair and square.
You can't cheat an honest man
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