Wednesday, July 14, 2010

A fair settlement

The investors in Singapore cannot protest against the injustice suffered by them, due to the following reasons:
  • all protests are disallowed under the law and are dealt with sternly
  • the regulator and legislators in Singapore are not prepared to protect the rights of consumers and prefer to follow the "open eyes" ruling given by our top leader
To be fair, the regulator did work out some settlement for the mini-bond investors, but they left the other investors without any recourse - pinnacle notes, high notes, jubilee notes.