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September 19, 2008

Day 279..... Financial Crisis...Part 2....

The local financial sector have already been hit serious.....not in terms of bankruptcy but probably in terms of faith? After several coffee talks, got to understand how banks 'sow' their investments with ya... and NOT by coincidentally relates to Lehman and AIG.... As we know, some banks here have their so call 'insurance investment' products are link with AIG ya.... need not explain anymore... you should know the rest bah....

To add on fuel to the fire..... supposedly a 67 yrs old retired aunty invested her 'whole life savings' with our some of our reputable banks.... as you know... banks or insurance companies have fund managers handling the investments port folios.... what if the 'life savings' had involve with Lehman.... was it the banks to be responsible? Or was it the greediness of the Aunties to blame? We all will make a big big fuss the moment we are informed that our $1 capital is now worth $0.90... Seriously...I cannot imagine if the news breakout to the aunties that they have an almost worthless paper or their investment are wipe out.....I think they will get wipe out too...The agents are not having good life too.... imagine the stress they have to take to break the news to their clients and console them.... more importantly.... they have to be united and go thru a long route to bring back the glory times of banking again ya!! Jia You!! You guys will be the Heroes!!! BELIEVE! OWNED!

Well....if you have friends working in the banking or insurance sectors.... Cheer them up ya... ^^
Treat them to a few boozy or good good massage! I think they need and deserve it ya!!! *massage* Boozy can find me too.... Brewerks is just around the corner from my office... LOL~

Nakajima

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