What is there to explain? It's all DBS bashing with nothing to substantiate the reasons. All I read are baseless accusations.
Well... If that is the case, then just let the baseless accusations continue lor...
What is there to explain? It's all DBS bashing with nothing to substantiate the reasons. All I read are baseless accusations.
All I read are baseless accusations.
when banks with long history & solid reputation can go bust, i oso dun get it. how did they make peps buy rubbish repackaged in fancy names? :sweatsm:
"The greatest obstacle to discovery is not ignorance -- it is the illusion of knowledge."
rubbish quotes, anybody can say anything in the most general sense, word them in a way that sounds witty and make it look factual. my opinion is that quotes like these have a lot more entertainment value, adds oomph to discussions, are used to substantiate an argument that has already been derived and nothing more.
if you are referring to the credit products, then it is because of greed and little to no regulation, greed on the part of the bank and the investors, and the regulators who are doing a very bad job of ensuring the well being of the casual investor. this is akin to the days of bucket shops, where unregulated speculation in commodities was not against any law.
many people were cheated because of questionable practices that were tantramount to cheating. i won't go as far as to say people were cheated now cause there isn't any law that was broken. my personal opinion, selling a high risk product like a derivative to investors who do not posses a sophisticated understanding of how the financial markets really work is unethical, it is morally wrong, and all unethical and morally wrong deeds to me is akin to cheating.
I think that almost all of you posted very childish remarks. :sticktong
The moderator should just close this pointless thread.
Unless, we been living in a cave and ignoring whatever happened to the world around us, it would be supremely unlikely, with all the news been reported, we would be unaware of such issue.
We do not to be a banker to know this.
What you said is something I am agreeable.
But what can we do now? Fixing the known problem may prevent it from reoccurring. However, I doubt, with any regulations, we can prevent someone to be "creative". Fixing it now, won't bring much help to those who had been suffered by "questionable practices".
If you are working in a bank.......please enlighten us with your teaching........to stop us from sprouting nonsense......
Come come share share the bank inner most secrets.......I am looking at my Crystal Ball now......no sign yet......
Degree in Business or Banking,,,does it say to do such things in such situations?First, fire people when business condition worsen.
Next, dilute the value of their shares and force investors to put in more money to reduce their losses.
Really no other options?
There is no need for obfuscate to enlighten or educate us. Most of the thing you need to know on this topic can be found in the web. Most of the rubbish that I read in kopitiam is because the people refuse to find out the fact for themselves. They prefer to spend time typing nonsense with others joining in the bandwagon.
"The greatest obstacle to discovery is not ignorance -- it is the illusion of knowledge."
how does 1 seperate fact from fiction?
There is no need for obfuscate to enlighten or educate us. Most of the thing you need to know on this topic can be found in the web. Most of the rubbish that I read in kopitiam is because the people refuse to find out the fact for themselves. They prefer to spend time typing nonsense with others joining in the bandwagon.
What is there to explain? It's all DBS bashing with nothing to substantiate the reasons. All I read are baseless accusations.
For the Illusion of knowledge, you come to the right place - Kopitiam . :bsmilie: :bsmilie:
Any information can be found in the net. But given the circumstances, official releases are at suspect at the moment. How else do we get information?
hereDBS mentioned in its press release that
organic growth remains a priority and the capital raising is not intended
for any merger and acquisition activity or extraordinary provisions.
Can anyone enlighten me on what does DBS mean by organic growth? what is organic growth?:dunno:
TIA
n finance, organic growth is the process of business expansion due to increased output, sales, or both, as opposed to mergers, acquisitions, or take-overs. Typically, the organic growth rate also excludes the impact of foreign exchange. Growth including foreign exchange, but excluding divestitures and acquisitions is often referred to as core growth.
DBS mentioned in its press release that
organic growth remains a priority and the capital raising is not intended
for any merger and acquisition activity or extraordinary provisions.
Can anyone enlighten me on what does DBS mean by organic growth? what is organic growth?:dunno:
TIA