That, is Tuna belly. It cost me $6. Quite a lot just for one mouthful
Group photo after the cheer-leading performance. I'll add a video of it later, it was super cool lah can
hmm... David looks awake! from left: XiuQi Jamie me Kenickie and david
Centre of attention. I won't say why. haha
It's snowing! (at Nagano) Ski Resort
I was eating mint flavoured ice cream. In front the Japanese hosts from Kamakura High School
Lunch at Okuma Street Udon or soba (I'm reading Shonen Jump! LAtest Naruto Free manga while u wait!) Actually, it was in Jap, so cannot understand =/
Waseda Uni
Rhiga Royal Tokyo. Our luxurious bathroom
I'm playing with the auto ass washer
Kamakura old town I think
Ramen! haha おいしい!!!
SINGAPORE: Two out of 14 PAP-run town councils in Singapore have invested in Lehman-linked structured products.
Holland-Bukit Panjang and Pasir Ris-Punggol town councils have invested a total of S$12 million in DBS High Notes, Lehman Brothers' Minibond Notes and Merrill Lynch's Jubilee Series 3.
Senior Minister of State for National Development and Education Grace Fu gave this update in Parliament on Monday.
http://www.channelnewsasia.com/stories/singaporelocalnews/view/390407/1/.html
Well I suppose I would ask certain questions? Pardon my ignorance but from what I would understand, (Lay-man's point of view) Town Councils are allowed to invest their funds too? I mean isn't the fund for stuff like upgrading? I don't know, but even if it has to be invested, I would think that a safer avenue would be better. After doing a bit of research on wiki, It does seem risky (If you read and don't understand what it says, its called high risk)
Well, you be the judge. That's $14 million of our money lost...
Its either they have idiots for financial consultants, or they were mis-sold.(Poor helpless victims!) Then again, they may not have been mis-sold.
Written by Ng E-Jay
03 November 2008
Some discussion has been going around that the disclaimers on the prospectuses of the Lehman-linked structured products legally protect the financial institutions from blame, since those disclaimers clearly state that there is a chance that investors might lose some or all of their money in the event that certain unfortunate circumstances materialize.
For example, a statement on first page of the DBS High Notes 5 pricing statement reads: “If a Credit Event or a Constellation Event occurs before the Maturity Date, investors may lose their entire investment and may not receive any principal amount on the Notes.” This statement was printed in bold.
A similar warning was printed on the cover of the pricing statement of Lehman Minibond Series 3: “There will be no guarantee from any entity to you that you will recover any amount payable under the Notes and you could lose all or a substantial part of your investment in the Notes.”
And on page three of the same document, it said: “… the Notes are not principal protected nor capital guaranteed”.
So in this case will they be RESPONSIBLE to us?
Will they offer an explaination?
On Second thought, probably not...