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Тюменцам рассказали об изменениях при оформлении больничного
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saw that credit was being made available to a wider population or you can think about credit was being democratized so nobody actually envision that there could be negative effects. the world s largest banks were now making mindblowing amounts of money bankers were hooked to the profits made and craved even more next stop was selling their investment products to asian countries like hong kong and singapore. almost all the banks were pushing different kinds of products to trying to attract customers these products was seen as very attractive because they were so it was a promise that it has quite a high reading interest of about five percent. in asia products like high notes pinnacle notes and many bonds hit the markets. where mr tun walks into his local bank with fifty thousand u.s.
pile we go boys remember rather this is the end of the day. you want more. after that week and if you do see us. you want to pop in. some investors became frustrated with the uncertainty of what happened to their investments. in october two thousand and eight almost a thousand people took that frustration to haunt them park singapore s only platform for public demonstrations. although i believe. that. in the year two thousand and eight up to that point it was the biggest demonstration that was ever held in holland park so all and i think that was a very quite accurate reflection of the public sentiment around the event and how upset and ensures people were there were people who have lost my entire life savings hundred thousand euro thousand dollars people who are elderly
nearly ten thousand people in singapore to lose their life savings a total of almost three hundred forty million u.s. dollars but could singapore have avoided this mess where did it go wrong there was a lot of drive to want to develop singapore s financial center capacity so part of that was to encourage every day investors to be more sophisticated in terms of investing in french products but as part of the problem is that maybe the pace was a little bit too quick. people didn t quite understand what they were. investing and i think the feeling was. that the banks and financial institutions could do more to ensure that people understood they could explain these products a bit better and i think steps have been taken in that direction. after further investigations into the mini crisis in singapore the monetary authority or
we all get together in short this now all affectively the world s financial system is going to implode. and therefore to some degree you know you could say that lehman s was the sacrificial lamb that got everybody back to a sense of reality it was the ultimate reality check. in singapore panic had not yet taken home. investors remained unaware of what they had gotten themselves into. they were at risk of losing their entire investment. the reason the lehman crisis in the us affected singapore was because of how these notes like high notes and mini bonds were structured for example in high notes they were linked to different entities one of which was what. and when i see
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