In spite of repeated exhortations by Prime Minister Lee Hsien Loong and MAS Chairman Senior Minister Goh Chok Tong to the investors to lodge their complaints to the financial institutions and FIDReC, over 600 investors turn up today at Hong Lim Park to deliberate on a collective class action suit against the banks.

The crowd is obviously larger than last week’s and there is a palpable tension in the air this time. 7 ou of 10 investors we spoke to are unconvinced that they will get a fair settlement from the banks and FIDReC and are seriously considering taking legal action.

Many from the DBS highnote5 and highnote2 group claimed that they have received official replies from DBS stating they have “no case” to stand on. Said Mr Seah L K, 60: “No point meeting them, whatever they said is rubbish, I just want to know whether they are going to pay up, that’s all !”.

Read full report and view photos at:

sucks huh, if they compensate these, the rest would come forward,if they don’t lawsuit plus more come forward in anger.

Originally posted by lockeliberal:

In spite of repeated exhortations by Prime Minister Lee Hsien Loong and MAS Chairman Senior Minister Goh Chok Tong to the investors to lodge their complaints to the financial institutions and FIDReC, over 600 investors turn up today at Hong Lim Park to deliberate on a collective class action suit against the banks.

 

The crowd is obviously larger than last week’s and there is a palpable tension in the air this time. 7 ou of 10 investors we spoke to are unconvinced that they will get a fair settlement from the banks and FIDReC and are seriously considering taking legal action.

 

Many from the DBS highnote5 and highnote2 group claimed that they have received official replies from DBS stating they have “no case” to stand on. Said Mr Seah L K, 60: “No point meeting them, whatever they said is rubbish, I just want to know whether they are going to pay up, that’s all !”.

 

Read full report and view photos at:

 

i think the pap must regret like hell for opening up hong lim park for demonstrations!

I support them to sue.

Lee Kuan Yew sue sue sue.

About time that the people sue.

Originally posted by lotus999:

i think the pap must regret like hell for opening up hong lim park for demonstrations!

hard to say, it might actually be an outlet to let off some steam.

Originally posted by lotus999:

i think the pap must regret like hell for opening up hong lim park for demonstrations!

When people come together, they become organized... that is the beauty of assembly.

These despot's are so blinded by their own propaganda, they think that they are doing such a good job and deserving such massive amounts of public money they take, they think that even if they open up Hong Lim, nothing will happen.

It is the ass-dogs' fault for giving them sh!t in gift-warpped boxes and giving them orgasms from licking their anus, making them think that it is ok for them to take massive amounts of public money.

It is the asspots' fault for persecuting dissidents and opposition instead of addressing their concerns.

lawsuit against the banks?

i doubt they stand any chance.

Originally posted by dragg:

lawsuit against the banks?

i doubt they stand any chance.

 

Right only Dr Chee Soon Juan's tactics can have a chance of success like in Hong Kong.

Skarly they sue and end up like Nair... "

AG's third case against Gopalan Nair--Contempt of Court. lionnoisy

the O$p$ on the silver umbrella is damm funny la! 

It also reflects the state of mind of most Singaporeans - they will only stay up for themselves when their pockets hurt, but at the same time still got to take umbrella and cover face..wait scarley kana caught on candid camera then siao liao.. 

who go around counting people? only estimates.

Originally posted by Poh Ah Pak:

I support them to sue.

Lee Kuan Yew sue sue sue.

About time that the people sue.

sue sue sue, who will pay for the lawsuit, you ar?? If loose and kenna counter sue back, who answer and pay again??, you ar.

You think sue just sue,....not easy ok, against the govt bank...most lawyers will hands off.

Originally posted by AndrewPKYap:

 

 

Right only Dr Chee Soon Juan's tactics can have a chance of success like in Hong Kong.

Skarly they sue and end up like Nair... "

AG's third case against Gopalan Nair--Contempt of Court. lionnoisy

 

Uncle,

Why never send Dr chee to Hongkong, better prospect for him.

Originally posted by eagle:

Sunday Time (so propanganda filled on DBS High Notes and on ERP charges today that I can't complete it...) mentioned a 500-strong crowd in the title of the article.

Who to believe? Over 600?

I think about about 200 of them are onlookers and kpoh only, most of these are the old men who got nothing better to do and also poor due to PRC gals and or no saving type.

It is time for them to view how the middle and upper class singaporeans is going to challenge the govt.

Just to point out :

1. Out of 10 000 persons whose personal pockets were hurt in this fiasco,

a mere 10% out of all these signed up the petition, despite about 1 month long of meetings at HLPark.

What does this mean? what does this say?

Even when own personal retirement or coffin money at stake...

2. I personally interviewed many at HLP over the last few Saturdays and found that a significant portion of these investors were IT ILLITERATE and not IT Savvy (never seen an internet browser nor touched a mouse) AND some English ILLITERATE in 1st world singapore.  Believe it or not. And yes, they have quite a chunk of their life long savings sunk in.  How net savvy are singaporeans ? this fiasco gives some indication.

3.  These investors TRUSTED too easily. Why ? Cultural / Environmental reasons? Nurtured to be naive (by their parents)?

4. A Strong sense of real fear exist in the people who appeared at HLP. Its intense and overpowering. Fear not just of loosing their money if you know what i mean.

Also, have given up totally on LTK and Sylvia and SKH and Chiam.

I do not foresee any significant change for 50 more years.

Have applied for skilled migration which may take 6 months to 2 years to process. Just nice. Backup plan. But then, this is just me. You continue to enjoy more good decades. and ignore the bad news but keep repeating the good news to yourselves. Its good for mental.

Jingo bells Jingo All the way!

Originally posted by likedatosocan:

Just to point out :

1. Out of 10 000 persons whose personal pockets were hurt in this fiasco,

 

What does this mean? what does this say?

 

This means that the rest 9,400 peoples involved are under either the  rich or IT savy and educated or the younger ones.

1.This also show that out of 10,000 peoples in singapore, only 600 are illiterate. That is about 6% illiteracy in Singapore, qualified to be the first world standard that fall under 10%.

2.Professional speaking, Professional/skill migration is also an indication of first world citizens ability to go global more easier than other third world citizen standard.

So all these prove that we are in the 1st world status. 

Gingko nut Gingko nut...gingko all the way, gingko nut gingko nut , good for brain and migraine

MISSELLING or JUST PLAIN GREED or BOTH?

Originally posted by seyKai:

MISSELLING or JUST PLAIN GREED or BOTH?

Er..eh...let me try..ah!!

PLAIN MISSELLING ON THE GREED

yay for premier membership

i think this fiasco reveals what kind of govt we have. In HK when the issue erupted the head of govt, Donald Tseng, and the Financial Secretary almost immediately came to the fore to offer help to the people but our head of govt and MAS chief were deafening silent. May be our govt is too busy counting money to have time for the people.

i think this fiasco reveals what kind of govt we have.

Yes, I think that is true.

I will never believe in or trust PAP again.

Previously I still support PAP 30%.

Now is 0%.

This Lehman debacle has clearly revealed to me the true colours of PAP regime.

In HK when the issue erupted the head of govt, Donald Tseng, and the Financial Secretary almost immediately came to the fore to offer help to the people but our head of govt and MAS chief were deafening silent.

Mas Selamat debacle also handled poorly.

its already possible to use a digital camera to stream 'live' video to websites.

I hope someone would do this for mass gatherings like that in HL park to reach out to more people like those overseas and those shy to attent these meetings.

I wonder is this legal and what it takes to do this?

LHL demo it on nday rally leh.

Originally posted by AndrewPKYap:

 

Right only Dr Chee Soon Juan's tactics can have a chance of success like in Hong Kong.

you mean like as "successful" as the last few times?

Originally posted by Poh Ah Pak:

Yes, I think that is true.

I will never believe in or trust PAP again.

Previously I still support PAP 30%.

Now is 0%.

This Lehman debacle has clearly revealed to me the true colours of PAP regime.

 

Uncle, very soon by next year, i think your believe in them will go negative, cos there will be more true colours to come. Not just lehman ya, Lehman is only just a warm up.