If govt is reluctant to force FI to compensate like what happen in Hk, perhaps you can suggest that it takes the leader role to help Minibond investors to secure the Collateral [GE capital bonds etc] which has up to 70% value for the benefits of the investors.
This is a concrete action that would help all to investors - whether they are compensated or not. Don't forget, many investors are compensated just 10%.
If you read bullet point 3, "banks will make available an amount equivalent to the amount of commission income received by it as a distributor of the outstanding Minibonds to the trustee of the Minibonds to assist in the recovery of the underlying collateral for each outstanding series of Minibonds"
- ► 2019 (1600)
- ► 2018 (1406)
- ► 2017 (1258)
- ► 2016 (828)
- ► 2015 (691)
- ► 2014 (144)
- ► 2013 (501)
- ► 2012 (1269)
- ► 2011 (1873)
- ► 2010 (2369)
07/19 - 07/26
- Develop your mind
- SCMP:Lehman inquiry to call SFC chief again
- Broadcast this message: Petition
- Cheated in a good reputation country
- Where the jobs are
- Health care systems around the world
- Journalists refused to cover the Petition
- Unsightly flyover in the center of town
- Pinnacle Notes - many series in trouble
- CPF Life - does it need to be compulsory?
- SCMP:Minibond decision heartens investors similarl...
- The Standard:Protests ease, investors come to term...
- China Daily:Investors continue minibond fight
- Parliament Answers to Lehman Structure Products - ...
- SCMP:Some sympathy for the devils
- CPF Life
- Coverage of HK settlement
- Minimum wage spurs optimism and debate
- The Emperor's Clothes and Singapore
- SCMP:How swift lobbying ended a dispute that had d...
- SCMP:Legco inquiry to proceed despite agreement on...
- SCMP:The right rules, and the facts to invest prud...
- The Standard:Deal tones down minibond anger
- The Standard:Nightmare nears end
- Blog: Diary of a Singapore Mind
- Help Minibond investors to secure the collateral
- Petition to Prime Minister (5)
- Survey Results: The Emperor's Clothes
- Interesting puzzle
- Q&A US Health Reform
- In South Korea, a new worker's grievance
- SFC, HKMA and 16 banks reach agreement on Minibond...
- The Petition is NOT a futile effort
- Gathering in Hong Lim Park on 22 Aug 09
- Minibond - misconceptions and unfair criticisms
- NY Times: Temasek scraps plan for American chief
- SCMP:Investors want full refund, not 70pc
- Bloomberg: HK banks agree to repurchase Lehman Min...
- Investing in gold
- Investing in a property for rental
- Bird Nest Industry in Kedah, Malaysia
- Personal accident insurance
- Existing whole life policy
- Winners of MySudoku contest
- A Collosal Failure of Common Sense
- Petition to Prime Minister (4)
- NMP Siew Kum Hong expresses his views on the credi...
- SCMP:Treat us the same as minibondvictims, say Oct...
- The Standard:Banks facing China claims
- Kedah, Malaysia
- Petition to Prime Minister (3)
- Financial invention vs Consumer Protection
- SCMP: Clear up the mess
- ▼ 07/19 - 07/26 (53)
- ► 2008 (2104)
- ► 2007 (1803)
- ► 2006 (696)
- ► 2005 (159)