Aneh, jelas-jelas punya waktu panjang untuk buang itu "bom waktu", eh malah terus-terusan disimpan. Mungkin mereka pada belum baca bukunya Satyajit Das, Traders, Guns & Money. http://www.amazon.com/Traders-Guns-Money-unknowns-derivatives/dp/0273704745
Privatisation of gains, sosialisation of losses Untung punya gua, kalo rugi elu orang yang nanggung --- In [email protected], "rezameutia" <[EMAIL PROTECTED]> wrote: > > citibank, bank indonesia nggak ada yang mau tanggung jawab. > > lehman brothers adalah grade a+ institution yang langsung bangkrut > tanpa turun dulu ke b,c. kok bisa dari a+ langsung bangkrut? > > so, yang punya asuransi aig, mendingan ngacir dah... > > > > ============== > > > > Citibank 'not responsible for losses of investors' > > Aditya Suharmoko, The Jakarta Post, Jakarta > > Citibank Indonesia refuses to take any blame for losses suffered by > local investors following the collapse of U.S. financial giant Lehman > Brothers, but promises to help them secure what is left of their money. > > On Tuesday, Citibank country officer for Indonesia Shariq Mukhtar said > the bank acted only as a selling agent for the notes issued by Lehman, > then an A+ grade investment institution, and therefore could not > guarantee any investment losses. > > "This has been an unprecedented event and, of course, was not > predictable. It happened so fast; so when we found out, we told > customers immediately," Mukhtar said, adding Citibank did not have the > chance to give investors an earlier warning. > > "We have established a team in the region... to help investors execute > their rights against Lehman," he added. > > Dozens of investors flocked to Citibank's Pondok Indah branch in South > Jakarta last week to seek explanations over a massive probable loss in > their investment with the Citigold wealth management banking program, > following the Lehman bankruptcy. > > The product is exposed to Lehman notes, which are linked to the > performance of the Hang Seng China Enterprises Index, Korean KOSPI 200 > Index and the Tokyo Stock Exchange REIT. > > Lehman, previously the fourth largest financial institution in the > U.S., filed for the biggest bankruptcy in U.S. history last week. > > Most affected Indonesian investors, from the middle to upper-income > bracket, were offered lucrative investment products by several banks' > wealth management divisions, with a minimum investment of between > US$50,000 and $60,000, but under complicated contracts. > > The Citibank investment trouble is just the tip of the iceberg, with > several foreign banks operating in Indonesia expected to keep the > problem under wraps for fear of doing damage to their credibility. > > Citibank managing director Tigor M. Siahaan said the bank had been > trying to sell Lehman's principal protected notes to secure investors' > money despite a drop in the prices. > > "If there is liquidity, we will try to help. But the markets will > determine the price," Tigor said, adding no parties were interested in > buying the notes so far. > > Citibank refused to mention the amount of losses local investors had > incurred. > > Mukhtar claimed the selling of Lehman's notes in Indonesia did not > require a permit from the central bank or the Capital Market and > Financial Institutions Supervisory Agency (Bapepam-LK). > > Bank Indonesia and Bapepam-LK earlier said they could not take any > measures to help investors because the notes were from offshore > investment products. > > A copy of an agreement between Citibank and an investor, obtained by > The Jakarta Post, underlines the notes are not bank deposits and are > thus not guaranteed by the Indonesian government, the Indonesian > Deposit Insurance Corporation, Bapepam-LK, BI, the U.S. Federal > Deposit Insurance Corporation or Citibank. > > The agreement also says the notes are subject to investment risks, > including possible loss of the principal amount invested. > > > > > ================ > ------------------------------------ Post message: [EMAIL PROTECTED] Subscribe : [EMAIL PROTECTED] Unsubscribe : [EMAIL PROTECTED] List owner : [EMAIL PROTECTED] Homepage : http://proletar.8m.com/Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/proletar/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/proletar/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
