Showing posts with label Lehman MiniBond Debacle. Show all posts
Showing posts with label Lehman MiniBond Debacle. Show all posts

2009-09-08

Another Opinion Made Public 3

"The reluctance of the Singapore government to step in to protect consumers’ interests have damaged their credibility. MM Lee Kuan Yew even reprimanded the investors that they “went in with their eyes open” and hence have no right to blame the FIs for the losses they suffered now."

Incendiary device set off. Expect rebuttals if not retribution.