What next after Lehman's?
-
I am just wondering. What other products did the banks here sell besides Lehman's that might collapse like Lehman?
You cannot hope for the propaganda press to publicize it. If more people come to know of it, if we discuss it here, they might be able to escape with losses instead of losing everything.
-
Products?
-
Originally posted by seotiblizzard:
Products?
financial products
-
Originally posted by AndrewPKYap:
I am just wondering. What other products did the banks here sell besides Lehman's that might collapse like Lehman?
You cannot hope for the propaganda press to publicize it. If more people come to know of it, if we discuss it here, they might be able to escape with losses instead of losing everything.
What's next? Perhaps YOU, if others still don't realize yet what you are actually doing?
You are a liablity to comman sense. The lies, fears and panic you dish out will only hurt potential and current investors more than any bank product could.
What's in it for you? Are you working for someone or part of a cartel/group to destablise the country and financial systems?
Or are you just plain mad, and enjoy watching others suffer, like the roman emperor Nero - who fiddled while rome burned? -
since all news is propaganda, stuff reported to be doing well, but in reality is not is all GLCs.
Since non government linked companies will not be protected by the propaganda, this should make sense.
-
Originally posted by xtreyier:
What's next? Perhaps YOU, if others still don't realize yet what you are actually doing?
You are a liablity to comman sense. The lies, fears and panic you dish out will only hurt potential and current investors more than any bank product could.
What's in it for you? Are you working for someone or part of a cartel/group to destablise the country and financial systems?
Or are you just plain mad, and enjoy watching others suffer, like the roman emperor Nero - who fiddled while rome burned?+1
-
Originally posted by AndrewPKYap:
I am just wondering. What other products did the banks here sell besides Lehman's that might collapse like Lehman?
You cannot hope for the propaganda press to publicize it. If more people come to know of it, if we discuss it here, they might be able to escape with losses instead of losing everything.
my guess? ....hedge fund crisis
-
Originally posted by xtreyier:
What's next? Perhaps YOU, if others still don't realize yet what you are actually doing?
You are a liablity to comman sense. The lies, fears and panic you dish out will only hurt potential and current investors more than any bank product could.
What's in it for you? Are you working for someone or part of a cartel/group to destablise the country and financial systems?
Or are you just plain mad, and enjoy watching others suffer, like the roman emperor Nero - who fiddled while rome burned?More gibberish as usual but thanks for bumping up my thread.
-
Originally posted by SevenEleven:
my guess? ....hedge fund crisis
Very likely. Hedge funds bring down more banks and we have another round of bank failures and stock market crashes.
-
The thing is, the banks sold their customers faulty products and refuse to take responsibility!
Asspots run countries are like that. Luckily for Singapore bank customers, the Hong Kong people refused to let DBS get away with dishonorable behavior and camped outside their premises until they paid.
When they paid the Hong Kong people they cannot dont pay Singaporeans. Still as of now, they are only paying the few instead of all their customers.
You sell bad products, you pay, that is just natural justice.
-
Originally posted by xtreyier:
What's next? Perhaps YOU, if others still don't realize yet what you are actually doing?
You are a liablity to comman sense. The lies, fears and panic you dish out will only hurt potential and current investors more than any bank product could.
What's in it for you? Are you working for someone or part of a cartel/group to destablise the country and financial systems?
Or are you just plain mad, and enjoy watching others suffer, like the roman emperor Nero - who fiddled while rome burned?Yes, its systemic. With the advent of the free flow of information and especially the internet, things will blow out of proportion.
-
Maybe credit card (% of bad loan should be climbing up) and companies linked to them...
-
Originally posted by ArtBoon:
Maybe credit card (% of bad loan should be climbing up) and companies linked to them...
Apparently this is already happening but I was wondering what people were sold, you know, like funds, and which fund is going under and whether people can get out fast with some money before the fund collapses and they end up with nothing.
Funds are not "bonds" like Lehman bonds. Funds are like stocks and shares. There is no way you can get compensation if a fund collapses.
It is better to identify those at risks of collapsing for you will not read warnings in the propaganda press, like how it was clear that Lehman was collapsing but Singaporeans were taken by surprise.
-
all these toxic structured products originated and structured in those countries you idolised so much, by people who got their MBA from countries you admired so much, by people who have both more democracy and economic freedom than singapore. wake up lar auntie yap.
-
Facts can always be twisted anytime and by anyone. Truths can be twisted to become lies and with equal measure, lies be twisted to truth. It only needs a little bit of reality, mixed up the facts a bit, and then add a few lies insidously and voila! Suckers made - hook, line and sinker.
More so during crisis times, where despicable opportunists and conmen/conwomen are out in full force.
People are suffering, in confusion and what better time than now to push blame on someone else, twist facts, create hopelessness, despair, anger, rage and hate and then gain a following?
Thus, each and everyone of us must always remind ourselves that we have to take responsiblity for our own actions, actions which are either motivated by greed or altrusic reasons, for good or for bad.Our actions will reflect the kind of society we want to live in - unfettered freedom such as the example that led to the meltdown of the current market or some form of control so than unknown impacts will not damage our society much.
No one knew Lehman could collapse except for lehman itself and fund managers. There can be no transparency in biz operations for it will only destroy competitiveness.Example, if coke or KFC were to be transparent, they would not be MNCs, just simply another mom and pop shop.
Thus no one, not even an einstien, without actual hard facts, would have known the lehman debacle. Investors cannot rely on rumours to invest their hard-earned savings. Lehman and fund bosses should be hanged for cheating others' LIFE savings and abusing the freedom the free market policies offered!
And at these confusing times, those with rabid agendas, would stoop at nothing to despicably use anyone - the foolish ones, the confused ones, the emotional ones, the poor ones, etc to either gain political power or financial wealth.Crocodiles tears galore, but in the end, stable society, lives and solutions mean nothing to these animals - power, domineering control, or wealth is absolute. An ultimate justification for means employed, but only for themselves and not for the majority.
Beware!Destruction is easy, but lives will be lost. Rebuilding takes time. We have yet to find a perfect system, we human ourselves are not models of perfection anyway, thus there is no perfect system of governance anywhere in this world, but only one which we must adopt a system of 'give and take'.
What is actually a complaint of 'giving' by taxpayers to governments and 'taking' by the authorities is nothing more than the sharing and creation of wealth for our society. Our giving is not to a private enterprise, but to the representatives of our society - the govt, to help social spending for all, if possible, and to the needy, whom we must never abandon.
At times, being imperfect, we citizens too make mistakes. There would be no need to be overly harsh to us by our sociey, which can be found in leniency and pragmatism by our courts, for those whom are genuinely mislead or express remorse, but not to those stubborn old fools who habitually invite scorn and revilement.
Anyone else who claim they have the perfect system is either an immortal or a nutcase. Worse if he/she only knows how to condemn and destroy but not provide practical solutions.
-
Originally posted by AndrewPKYap:
Very likely. Hedge funds bring down more banks and we have another round of bank failures and stock market crashes.
look lik it may be coming sooner than thought. see today "money" page. -
USA: auto industries will collapse. lotsa hedge funds will cease to exist.
Singapore: avoid all reits, trust products or company with high gearing. such as small property developers.
-
Originally posted by Daddy!!:
all these toxic structured products originated and structured in those countries you idolised so much, by people who got their MBA from countries you admired so much, by people who have both more democracy and economic freedom than singapore. wake up lar auntie yap.
You are either blind, stupid, delusional or all of the above. Obviously you have no idea how and why the crisis developed and blamed it on "democracy and economic freedom"
-
Originally posted by SevenEleven:
look lik it may be coming sooner than thought. see today "money" page.I did not read that toilet paper but my guess is that there was no mention how it would affect Singaporeans? It does not say how much money Singaporeans poured into those, does it? It does not quote any public money grabbing "leaders" what Singapoireans should do if the are holding them does it?
Useless propaganda press isn't it?
-
Originally posted by reyes:
USA: auto industries will collapse. lotsa hedge funds will cease to exist.
Singapore: avoid all reits, trust products or company with high gearing. such as small property developers.
...and big property developers... At the moment, the Singapore property marketplayers are in denial just as the stock investors were in denial when I first put out the warning in July 2007 here in sgforums. Those that panic first, laugh last.
-
Scenes From the Global Class War
On Friday, October 24, the pound sterling dropped to just $1.58 (down from $1.73 earlier in the week, an enormous plunge by foreign-exchange standards), and the euro sunk to just $1.26, while Japan’s yen soared by 10 per cent. These shifts threatened to disrupt export markets and hence industrial sales patterns.
Global stock markets plunged from 5 to 9 per cent abroad, and there was talk of closing the New York market if stocks fell more than 1,000 points. Pre-opening trading saw the Dow Jones Industrial Average down the maximum limit of 550 points (largely on foreign selling) before bounding back to lose “only” 312 points as the dollar soared against European currencies.
Friday’s currency turmoil and stock market plunge was a case of the chickens coming home to roost from the class-war policies being waged by European and Asian industry and banking squeezing their domestic consumer markets – that is, labor’s living standards – in favor of export production to the United States.
The internal contradiction in this industrial and financial class warfare is now clear: To the extent that it succeeds in depressing labor’s income, it stifles the domestic consumer-goods market. This disrupts Say’s Law – the principle that “production creates its own demand,” based on the assumption that employees will (or must) be paid enough to buy what they produce.
This has not been true for many years in Europe and Asia. But production has been able to continue without faltering because of an international deus ex machina: consumer demand in the United States.
This is not to say that no class warfare is being fought in the United States. Indeed, living standards for most wage earners today are down from the “golden age” of the late 1970s. But the U.S. economy had its own financial deus ex machina to soften the blow: Alan Greenspan’s asset-price inflation that flooded the banks with credit, which was lent out to homebuyers and stock market raiders.
Rising home prices were applauded as “wealth creation” as if they were a pure asset, much like dividends suddenly being awarded to one’s savings account. Homebuyers were encouraged to “cash out” on the rising “equity” margin, the (temporarily) rising market price of their homes over and above their (permanent) mortgage debt.
So while most mortgage money was used to bid up the price of home ownership, about a quarter of new lending was reported to be spent on consumption goods. Credit card debt also soared. In the face of a paycheck squeeze, U.S. consumers were maintaining their living standards by running further and further into debt.
This could not go on for very long. It never has. Debt-financed bubbles can’t last for more than a few years, even when fueled by a self-feeding inflation of asset prices in which households and corporate industry borrow more and more against the rising price of their collateral. But once the housing bubble burst the game was up.
The game was up was up not only for the U.S. economy, but also for foreign economies that had geared their industrial production to serve the U.S. market rather than their own home markets. A global industrial slowdown is now threatened, and must continue until foreign domestic markets are nurtured – just the opposite trend from the recent generation of neoliberal anti-labor policies...
-
I wonder if Lehman hadn't collapsed and the structured products had reaped in loads of cash, would the old and 'misinformed' be begging DBS to take away the ill-gotten gains? Pure hypocrisy.
-
Originally posted by grandmaster89:
I wonder if Lehman hadn't collapsed and the structured products had reaped in loads of cash, would the old and 'misinformed' be begging DBS to take away the ill-gotten gains? Pure hypocrisy.
U born yesterday ah?
-
00000000000000000000000000000000000000000000000000000000000000000000
-
Kizary Corp?