the Crisis todaY

The current Crisis of today's world..

Guess the current situation of the U.S had already affected our little singapore. Yesterday saw alot of Singaporeans Q-ing up to cancel their investment with AIA .. 

COME ON WK UP !! AIA/AIG next to tumble? NO WAY MAN!..

look wat is happening now is not that AIG is Losing money.. jus that U.S side had dropped AIG's rating which was caused by the "BIG name company's Closing down" meaning the company needs to have more in their reserve for rainy days..

But wad is happening in sgp is that soo many "Kaisu & kaisi" ppl are afraid that "IF" AIA were to face any problem they might not be able to get their hard earn savings back.. but WAKE UP!! AIA had already issued a statement saying that they are not in any cash flow problem.. & MAS have assured people that AIA have a reserve more then enough to cover the current policy holders.. so Y rush to cancel ur saving & investment account? so cancelling ur accounts, U lose out all those profit which u have accumulated over the years.. 

And this is singapore, if the mas can says that AIA is SAFE! Y worry? u think the GOvt of Sg will let AIA Close? take a look at major banks closing over the world.. wad happens when they Close? Riots will be there as ppl wants to recover wad is their saving their asset.. but this is sg govt will not let AIA close down because they wont wanna see any riots happening in SG.. i believe govt have enough backing B4 the MAS mention that AIA is safe.. 

Take a bet wif mi if ur keen.. no nid to bet on cash as most of us nid cash to tight over the rainy days.. jus take a bet on drinks will do ANIONE? i take the side that AIA will not close !!

As reported on YAHOO! sg news.. some joker from sg even mention im gonna draw out my money to deposit into a BANK. SAfer ? the world is Round if AIA close SOOOO many business will be affect bank too will be affected.. so if bank if affect & ppl start drawing all savings out they will face an issue of not enough cash for all to draw. wad happens then? I guess if that happens those joker will say i will draw all saving & keep @ hm.. if ur thinking that way then u should nv start a bank account.. jus invest into security guards for ur piggy bank at home that it !! 

Morale of this current Saga : dun panic ! dun cause unnecessary issue that might lead to more worries.. !! jus my thoughts