Tan Kin Lian's Blog: A crooked product or a crooked system?

Monday, December 15, 2008

A crooked product or a crooked system?

Read this blog:
http://victorkoo.blogspot.com/2008/12/crooked-product-or-crooked-system.html

A tongue-in-cheek poem:
http://victorkoo.blogspot.com/2008/10/effects-of-current-financial-turmoil-2.html

7 comments:

Anonymous said...: In the equation if one component is crooked the rest will be crooked too.
If the product is crooked the result is crooked.
If the RM is crooked the result is crooked .
If both the product and RM are crooked the result is collapse; December 15, 2008 8:48 AM
Everlearning said...: A crooked system that allows a crooked product to exist in the financial markets!

Only "with eyes closed" that such crooked structured products have allowed and are flooding our so-called finanical hubs.

My confidence in matters that surfaced in our tiny little red-dot is utterly wiped-out by the careless attitude of people in power.

REMEMBER and LEARN this painful experience WELL not to fall into its manipulations again.; December 15, 2008 9:06 AM
Anonymous said...: I think this scenario was more or less repeated 10,000 times or more. That is only for those who will lose something or all, not counting many others who also bought but status OK or loss not confirmed.

Thank god, I was in similar scenario many times when I visit the bank but I never sign the dotted line. Because I am like a tortoise, slow and steady through FDs only. Although FD rates are low, if it is compounded and you save and top it regularly, it can be substantial after 5 years. Of course you also must earn enough and be frugal in order to save a good percentage.

I think this is the best and prudent way for ordinary folks to be financially secure. Forget about all other ways.; December 15, 2008 9:09 AM
Everlearning said...: Just read about the Madoff's hedgefund scandal. Is our financial hub spared from such scams? It is grossly devastating the western banks, what about our local banks? Anyone knows how safe are our hedgefunds sold here ?

It seems bad news are taking on cue.; December 15, 2008 11:22 AM
Anonymous said...: Any news from the Sunshine Empire?
Has CAD completed their finding?
There are so many uncles and unties kanna con by them,what happen now?Any updates?

Cheers!

Sunshine Empire - Too Good To Be True?
Click:
http://www.firstmillionchallenge.com/sunshine-empire-too-good-to-be-true/

newbie here; December 15, 2008 3:57 PM
Anonymous said...: Crooked products and crooked insurance agents is common in this crooked world.Even consumers are crooked in their thinking and therefore make themselves easy preys for crooked agents.The authority is crooked too and they bochap the crooked products and the crooked agents, leaving many lives crooked.; December 16, 2008 8:51 AM
Anonymous said...: All the "Wise" leaders in the East admire the Financial Gurus of the west and now when the water level is down(credit ratings, valuation down, & cash calls), all the rocks(Structured Deposits, Ponji Schemes)are exposed. We the small investors in Asia are getting our feet cut becos the ones who should watch out for these rogue scams were asleep on their job.; December 16, 2008 10:50 PM