The SpiceIslander TalkShop
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Date: July 24, 2008 at 10:32:22
From: Psychic
Subject: SGL ...what is being done for the regular investor?
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Without being concerned with the legal posturings and so forth...would it not be wise to freeze the assets of SGL and by extension their directors or principals? Freeze...not necessarily seize? I think as an ordinary investor that is possibly the closest thing to comfort I can feel at this point of the debacle.
Second...is there not an 80-20 rule which dictates...no more than 20% of investments exposed to the risk of forex trades and the other 80% perhaps in Treasury bonds? My thinking is if that rule was being followed then investors in the scheme should not be asked to wait a whole 9 months for the release of at least part of their monies...3-4 months for the most...
At this point will the Ministry of Finance...or the regulating body admit that a public education campaign is urgently needed?
With diversity of investment options which the internet and technology in general makes available to the ordinary, unsuspecting Grenadian, it also makes the indiscrimating Grenadian a ready victim of slick schemes and tricks...When these schemes collapse the effect is many times multiple and in the case of a SGL meltdown, may even be equivalent to the fall off we are seeing in the mortgage markets in the US...
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