During the Asian Financial Crisis in 1998, the currency and stock markets in South East Asia dropped sharply. It was caused by short selling and aggravated by the accounting rule of "mark to market". The hedge funds made a lot of money by pressing down the markets. The global fund managers said that the weaknesses were due to "lack of transparency" and other factors.
This time, the financial crisis originated from the markets in USA. To address these problems, the following actions are being taken:
> restrict short selling
> use of Government funds to support the market
The following measures are being considered:
> suspend "mark to market"
> suspend the credit rating
These measures were frowned up during the Asian Financial crisis. Now they are being considered. This is a world of double standards.
- ► 2013 (306)
- ► 2012 (1270)
- ► 2011 (1873)
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- ► 2009 (1655)
09/14 - 09/21
- Biggest gamble in history - Credit default swaps
- Singapore banks and short selling
- Credit Default Swaps (CDS)
- Call to MAS to take pro-active action
- Minibond Series 6
- Pinnacle Notes and MiniBonds
- Avoid complicated products
- Foreign currency exchange rates
- Pinnacle Notes
- Mini-bonds - ask MAS to investigate
- DBS High Notes
- True cost of life insurance
- Fake Money
- Poor conversion rate for Foreign Currency
- Double standards
- How far more for the ST Index to fall?
- Beware of Scams
- On My Own
- Eligibility for an Eldershield claim
- Eldershield - is it worth insuring?
- Do you need life insurance for the whole of life?
- Eldershield - benchmark figures
- Term insurance - is the premium proportional?
- Is all landbanking a scam?
- Do you hear the people sing
- Is your money safe with AIA ?
- Guaranteed drawdown pension
- Distress over an investment linked policy
- Specific Unfair practices
- Consumer Protection (Fair Trading) Act
- Are Consumer Protection Initiatives Meeting Expect...
- ▼ 09/14 - 09/21 (31)
- ► 2007 (1803)
- ► 2006 (696)
- ► 2005 (159)