Watched the late night news last night about the Lehman Brothers.
Then early this morning saw Yam Chi Kong of HK Monetary Authority then I know the economy might be real bad.
Newspaper used Financial Tsunami for the Freddie Mac, Fennie Mae, Lehman Brothers and AIG issues, so to have substantial income may be a luck at this time.
There might be job cut in the US and my friend who worked in US telecom afraid might impact to her.
For AIG, Government steps in again, bails out AIG with $85B
[url=http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20080917/ap_on_bi_ge/aig][/url]
The U.S. government stepped in Tuesday to rescue American International Group Inc., one of the world's largest insurers, with an $85 billion injection of taxpayer money.
Now, the US govt bails out should be peace of mind.
If more financial crisis or breakdown of the big enterprise then govt might not be able to help everyone of them. Luckily I am not work in US firm or else, there must be an impact to it.
d friend 個個都話要轉保....我都有4份保險喺 aia + 1 份基金....呀女果份人壽仲要係剛剛轉左2 個月 .....
但我個人覺得應該無問題掛..... 就算 aia 要close, 都會有公司接左佢d 單掛
原文章由 chelsea 於 08-9-17 15:44 發表
For AIG, Government steps in again, bails out AIG with $85B
http://news.yahoo.com/s/ap/20080917/ap_on_bi_ge/aig]
The U.S. government stepped in Tuesday to rescue American International Group Inc., on ...
Hong Kong's Insurance Authority has exercised its power to ring-fence the assets of AIG's insurance subsidiaries, Financial Secretary John Tsang Chun- wah said yesterday.
The companies cannot now transfer assets or funds out of Hong Kong without prior approval from the authority.
"It's a matter of public confidence”
"We will protect policyholders' interests, in order to keep the market stable."
"Any transfer relating to normal business activities would not be barred,"
On Tuesday, AIA Hong Kong received 1,400 requests from people wanting to cash in their policies and 150 general inquiries, the source said. It received another 170 requests yesterday.
The source said the fact that requests to cash in policies slowed down shows policyholders have calmed down.
The source admitted there is a need to improve policyholder protection measures. The authority will accelerate proposals to implement a compensation fund for policyholders, the source said.
"We will make sure to submit a detailed plan to the Legislative Council for discussion in the coming legislative session," the source added.
Meanwhile, AIA Pension and Trustee, which administers MPF plans in Hong Kong, said all retirement scheme assets are safeguarded by custodians. The assets are segregated from other AIG and AIA units.
Ours as usual, long/short week, then tmrw, my older son is short week, then he will swim in the morning while the younger son will have Eng lesson then swimming lesson. In the afternoon, Tommy will have MindChamps lesson and back home.
Sunday we will attend 「蜆殼綠趣遊蹤─尋找蝴蝶」之「蝴蝶學習班」活動 at PolyU.
原文章由 chelsea 於 08-9-19 15:44 發表
Any plan for the weekend?
Ours as usual, long/short week, then tmrw, my older son is short week, then he will swim in the morning while the younger son will have Eng lesson then swimming lesson. In ...