Having money is a problem these days. Putting money in the bank is no consolation either. You lose your hard earned cash when a financial institution collapsed. I was told you could file for misrepresentation — that the profile of products bought did not suit the personality of one. How does this work? The high turnover of officers serving [...]
Filed under: economy, local bitsy, paradox/irony | Tagged: banks, credit crunch, crisis, money, subprime | Leave a Comment »
I’m grateful to our Singapore’s first echelon of leaders under the leadership of the then prime minister Mr Lee Kuan Yew who concertedly provided housing for her citizens. Not that the government provided cheap-rented housing but they were able to come up with a national scheme known as the central provident fund where we were forced to set aside [...]
Filed under: economy, local bitsy | Tagged: crisis, home, subprime | Leave a Comment »
There are many inconsistencies floating around the happenings in the world today. UBS the 3rd largest bank in the world snowed under by huge losses created by the subprime in the US. If this is so, then why are banks in the US not go bust? High inflation rates. Understanding a little…apparently a result of more [...]
Filed under: Uncategorized | Tagged: bank, crunch, money, subprime, world | Leave a Comment »
Subprime and credit crunch are symptoms of a lack of integrity in the banking system. Has this encouragement ‘to live on credit’ taking its toll? Whoever started this ‘living on personal credit is the smart way’ is reaping ill harvest! The interesting thing is the management sets quotas and expects its employees to rake in good profit margin. [...]
Filed under: economy | Tagged: credit crunch, money, scapegoat, subprime | 1 Comment »
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