Saturday 20 June 2009

who cares about you when things go awry

if your private banker, either directly or indirectly, "helped" you to lose 1 billion dollars..... you surely have a right to be upset ....

the only consolation is not many ppl have 1 billion dollars to lose in the first place..... but i guess many are interested to see the outcome of the case...... how liable are banks and their private bankers when investments go bad......how liable are they for the advice they give...... how liable are they for the information they give....... and what defines "misrepresentation".... and so on....

the street rule is... banks are your friends when you are in rolling good times..... and they could flip instantly like a "roti-prata" when you run into bad times......

so beware....

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