Comments on: Should MAS Act? https://www.martinlee.sg/should-mas-act/ Financial Literacy and News Fri, 29 Mar 2024 10:40:37 +0000 hourly 1 By: Protem https://www.martinlee.sg/should-mas-act/comment-page-1/#comment-53725 Thu, 06 May 2010 03:04:29 +0000 http://www.martinlee.sg/?p=2336#comment-53725 MIAG [Minibond Investor Action Group] will take the legal suit to the Court of Appeal if necessary to lay bare the deceptions in the marketing of these CDO instruments to the unsuspecting retail investors. We are interested to see justice and in action of MAS in safeguarding singaporean.

]]> By: VSL https://www.martinlee.sg/should-mas-act/comment-page-1/#comment-53535 Tue, 04 May 2010 12:12:24 +0000 http://www.martinlee.sg/?p=2336#comment-53535 As usual, MAS reply does not answer the question specifically. Instead it provides a generic bureaucratic reply that doesn’t mean anything to anybody.

Most investors have been compensated somewhat, so I don’t think MAS will act further. MAS just does not have the guts to prosecute FIs, as it needs the latter to boost sg’s financial status.

Perhaps MAS might act if someone of authority (eg Town Council) lodges a formal complaint. Knowing these town councils, they are also gutless.

The surprising thing about this govt is that it is acting minimally in the Minibond scandal, but is going to great lengths to prosecute Ionesceu to the extent that it may even damage Sg-Romania diplomatic ties. Is justice misplaced here?

]]>