Lehman Brothers mini-bonds sold to retards
Ah, a new episode in the Lehman Brothers bonds FAIL that has been plaguing our city for the past months. Today the Legislative Council released previously censored sections of a Hong Kong Monetary Authority report which revealed that HK banks sold credit-linked notes to 102 ‘vulnerable’ investors (read: elders, poorly educated folks and the retarded mentally ill). Well done bankers, it must have been quite a challenge to convince these people of the low risk nature of their investments.
29 Apr, 2009 | Johnny Mountain | Hong Kong
