Saturday, October 11, 2008

Social responsibility to Singaporeans

Dear All ,

We, the unfortunate lot of Spore's DBS High Note investors( mostly people in their 50's to 70's ) who have gathered this evening at the Hong Lim Green to seek redress from their beloved National Bank ( DBS ) which they have given so much support with their financial support over the last 30-40 yrs wish to thank the repoters for lending us their ears.

Few interesting points I picked up :
- Retired clerk who entrusted 125K of her piggy bank to HN5 said it was heart-rending to learn a new word : Credit event which threatens to wipe out all her hard earned life savings which she was made to believe was a safe investment BUT now told all the risk exposures of 100 companies ! - unbelievable lies.
She also uttered that DBS as a National Bank ought to shoulder its SOCIAL RESPONSIBILITY towards Sporeans, especially to its "treasured customers "

-This is ridiculous, Singapore branding itself as a regional financial hub in good times and yet doing the least in bad times. Even Hong Kong government is doing something now after Taiwan, what is our Government doing for us.

What a let down!!

CSC