Update: Videos added
Yesterday evening, more than 700 structured product ‘investors’ met up at Hong Lim Park for a gathering. I suppose that was the biggest turnout ever at Speaker’s Corner.
Mr Tan Kin Lian and Mr Leong Sze Hian addressed the crowd for a while before breaking them up into their respective groups.
I found it an irony that in “Speaker’s Corner”, proper speakers were not allowed to be used. Instead, a small mobile amplifier had to be used. As a result, many people in the crowd could not really hear the speech properly. Luckily, we have youtube so you can watch the recordings of the speech below.
Video of Speech (Part 1)
Video of Speech (Part 2)
Video of Speech (Part 3)
Media Interview of Tan Kin Lian
As expected, the event was widely covered by the press and online websites. I have provided links to their stories below. Quoting a line from one of the reports:
A few elderly investors broke into tears saying they had lost a large portion of their retirement savings.
When I read that, I couldn’t help but shed a tear as well.
Sadly, there are still people who did not know they had lost money up to now. Some people depended on word of mouth to know about the Hong Lim Park gathering. How are these people going to initiate the dispute resolution process as prescribed by MAS?
If they can’t get their family members to help, they might have to seek help from their MPs.
Investors Hold Protest Here (Straits Times)
演说角落沸腾的一天 近千苦主聚集求援 (Lianhe Zaobao)
投资苦主芳林公园请愿 投资者应该向谁投诉？(Lianhe Zaobao)
Angry Lehman Investors Hold Public Meeting in Singapore (Reuters)
Singapore Investors Decry Losses From Lehman Bonds (International Herald Tribune)
Irate Investors Rally in Singapore (AFP)
Angry Investors Turn Up at Hong Lim Park to Seek Redress (The Online Citizen)