atans1

“Insufficient funds”

In Banks, Wit on 26/10/2011 at 6:49 am

What worries me most about the credit crunch, is that if one of my cheques is returned stamped ‘insufficient funds’. I won’t know whether that refers to mine or the bank’s.

Not true of our three local banks, they got lots of capital. They are using it to attract private banking clients. Even DBS, who blew up S’pore clients but compensated HK clients.

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  1. On DBS – The law is on their side, but not our side. How lame can it be!

  2. That’s why continue to buy local banks stocks. PAP ministers, MPs, PAP family trusts, Raffles trust, Tembusu trust, elites, businessmen, TH, GIC, CPF will all be used to support price levels. Buy until PAP loses majority.

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