You are in the IT industry, you should know right.. Even if a bank gets hack and millions or billions are lost, the last thing they will do is tell you that for fear that people will lost confidence and start redrawing their money.
The top 1% of all the rich people in every country will always be there even after govts come and go...OR at part of the ruling govt. Historically this has been well documented.
Last edited by sammy888; 12th January 2009 at 11:09 PM.
Forbes rich list was wrong?
have u seen the "light" yet?
If there was a way to count your worth by how much money you have...I can see the top 50 will be a very difference listing heheh.. maybe quite a few drug lords from Columbia will be there and god knows who else heh...
Last edited by sammy888; 12th January 2009 at 11:17 PM.
yup understand their nervousness. With large established corps going down.....domino effect....heh. I was also looking after my company's financial thingy and I can tell you....pay back abit late the OD or what other loans we have, they will get pretty nervous if just abit late. I suspect banks like OCBC ...local banks has as much "financial issues" but will not let on ..same as foreign banks they have boo boo or are losing money but trying to act brave. I think it is a matter of who flinch first. I have seen alot of changes to the way this bank and others we have account with who starts to make more calls to the office to try to get you out to kopi or to check on how your business is doing.
I know nuffing.....just watching the world go by. But yup - proven with Northern Rock, Iceland Bank, etc. People get burnt even when they think their savings are safe. Iceland Bank stopped allowing anyone taking funds out and it looks like folks with savings might have lost them...I know a lot of UK councils were also in the same predicament...but have not followed up on the rescue plans here.You are in the IT industry, you should know right.. Even if a bank gets hack and millions or billions are lost, the last thing they will do is tell you that for fear that people will lost confidence and start redrawing their money.