Recently, read in the papers and saw from teh news that people are actually asking the government to help them to get their investment back particularly those who had invested in lehman brothers and affiliated companies....
I don't think anything can be done and i believe the government should not chip in to help.
As much as i sympathise with the people who had lost their life savings, espcially the old folks....but this is the consequence which an investor has to bear when the choices they make are not working out.
You deposit in a bank to generate interest, invest in unit trusts, fixed deposits, shares etc. Eventually, we all want to make more money, as much as possible....but when the company go busts, all the share price drops to beyond redemption, we all have to bear everything... when we sign up for an investment, we have to understand the risks involved and the benefits...after balacing the pros and cons, we put down our name....yes, the bank or the investment might be hard-selling but eventually before we sign in blood, we have to fully, thoroughly everything about an investment.
The banks will always say low risks, high risks....but remember LOW RISK is not NO RISK!!!!
After all are gone, and asking the government to help, it very much like asking Singapore Pools to return the money we betted on 4D and Toto when the numbers do not strike..DUH!!!
But like i said again....Sympathy there is but i don't think there is a way to get back what they've lost...no matter how loud they speak at the speaker's corner or how much tears they shed on tv...that's just the cruel reality....
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