Complete news blackout on DBS HK's offer to compensate minibond holders

[Zombie]

It is an issue of misrepresentation.
If the seller misrepresented in the course of making the sale, he should be held accountable for the losses, at least part if not all.

What part is the misrepresentation?

 

[Zombie]

It's not just the difference between legality and morality.
We all know that some people have no morals, but always stay on the right side of the law.
The issue is how we can make such people accountable for their immorality and lack of ethics.

I think immorality is not the main issue.
There are so many PRC MM doing the immoral things, why government don't take action?

 

[Avantas]

Hi bro,

I think the issue here isn't about blaming who, but equality and justice.

If the HK investors are compensated by DBS HK, Singapore investors should receive the same treatment, right ?

 

[DIVISION1]

That is already in the works. Please standby for the public announcements made over this issue by the relevant departments over the following days.

 

[jw5]

What part is the misrepresentation?

If the seller claimed that the investment is low risk or does not explain that the principal could be lost if there is a "credit event".

 

[jw5]

I think immorality is not the main issue.
There are so many PRC MM doing the immoral things, why government don't take action?

Why do you have to depend on the government to take action?

 

[Zombie]

If the seller claimed that the investment is low risk or does not explain that the principal could be lost if there is a "credit event".

Low risk means
1) 5% chance of losing 10% capital, or
2) 0.00005% chance of losing 100% capital.
Unless the seller already had insider information, nobody will expected Lehman to collapse just like that.

Everything is in the prospectus.
Assuming you only received the propectus immediately after you signed up.
If you do not sue for misrepresentation within reasonable time upon receving the prospectus, the court will take it that you have accepted the deal willingly. Many Lehman investors were earning interests, and happy with the product for a period of time.

 

[Zombie]

Why do you have to depend on the government to take action?

Wrong direction. I was talking about morality.
"Being immoral" and "Being legal" are not mutually exclusive.

 

[jw5]

Wrong direction. I was talking about morality.
"Being immoral" and "Being legal" are not mutually exclusive.

But of course.