Archived posting to the Leica Users Group, 2009/04/15

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Subject: [Leica] Signs of the Depression Times
From: cummer at (H&ECummer)
Date: Thu, 16 Apr 2009 11:42:30 +0800
References: <>

Hi Jayanand,
I agree with you BUT,
lots of old people in HK who did not have the investment experience  
were pressured by their bank investment advisors into buying these  
bonds - so the advisors could earn the selling commission.
It's true that some were aware of the risks but many were not.
So perhaps it is not as black and white as you paint it. In any event,  
the folks I photographed are aggrieved and trying to do something  
about it. I don't think they have much chance.
And it is a sign of the depressing times.

> Date: Thu, 16 Apr 2009 08:02:14 +0530
> From: Jayanand Govindaraj <jayanand at>
> Subject: Re: [Leica] Signs of the depression times - for George
> To: Leica Users Group <lug at>
> This is nonsense. These guys got greedy and paid the price. There is  
> no
> point blaming someone else for a decision you made with your money. In
> financial services its always Caveat Emptor (buyer beware).
> Cheers
> Jayanand