September comes to an end now. What lies ahead; the overall economy does not look good - banks collapsing, people panicking.......
One interesting news item in Hong Kong is how these people who bought bonds of these collapsed banks. They bought them through local HK banks, and now when these bonds seem worthless, they blame the bank. They are asking for government's compensation. They claim the banks never told them of the risks involved in buying these bonds.
However, when the opposite happens, these same investors will pocket the profits happily to the bank. I wonder...
Every investment has a risk involved and these investors whould know better. Therefore, it is scandalous when these same investors ask for compensation in such a situation.
Gosh...rich man's talk; surely there are other matters more urgent for the government to consider!
