There was a report from Hong Kong that approximately 1,000 angry investors demanded their money back from the bankrupt Lehman Brothers.
They claim they were misled when they bought the investments. Many were told the principle was “safe” and secured.
They are angry. For some, these investments represented their total savings.
They purchased these investments from their regional banks and had no idea they were off-shore investments.
Are they angry? You bet.
While they continue to throw good money after the likes of AIG and the others, the people who have their life or retirement savings sucked out from under them are not going to take this lightly.
