LuckySingaporean said...
Hi. I'm Lucky Tan.
I run the blog : singaporemind.blogspot.com
It is good you guys get together to solve your problems collectively.
The DBSHN has an "incredible structure". My gut feel is that the product yield far higher margins/returns that what was passed on to investors. Only the internal computation in DBS can tell you how much the bank knew about the risk in this product reflected in the real returns.
That is why my opinion is that it is better for MAS to do direct investigation so that all these facts can come out. What did the bank know about underlying risk when they sold these products?
I believe for the minibond holders at least everything will be thoroughly investigated on the HK side and what ever resolution will filter through.
3 comments:
I have an update in my blog on DBS HN5.
According to Dr. Money of New Paper, the HN5 had a 8% chance of imploding. This product is toxic by design....not fit to be sold.
It is now not a matter of investors going one by one to DBS. It is now the job of the authorities to get the facts out and get DBS to comply with the law. You cannot sell defective washing machines, defective TVs, computers...it cannot be that something like DBS HN5 is fit to be sold.
MAS is reluctant to conduct investigation on DBS because the DBS board of directors are mostly government men or PAP men.
The sun must be rising from the west if MAS agrees to investigate
DBS.
Thank you to the World class government with A-team leaders.They have teach the innocent and law-abiding Singaporeans a very good lesson.
Thank you LKY, you have destory my loyalty to Singapore.Thank you LHL, I will no what to do when Singapore in in emergency.
The sun must be rising from the west if MAS agrees to conduct investigation into DBS over High Notes 5.
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