Lehman Brothers' bankruptcy saga has brought the world to a financial crunch, crippling many large organisations when they lose their investment money. Some of the poorer individuals are even made up of retirees who have given up their only retirement fund collected from years of hard earned jobs for this fund.
It is something that taught the world a lesson. Some banks have been wonderful by paying some amount back, especially those who are less educated and taught that investments do not have risks. The latest news I read about those who got 'burnt' by this monies lost include Hong Kong mega star singer, Jacky Cheong, who had lost about S$8 million worth of assets.
A movie is in the works this year although he has known to be halfway into retirement. In need of money or passion fueling this contract? We don't know but as usual, his movie will be popular and his fans are all waiting eagerly.
Monday, February 2, 2009
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