Today in Hong Kong there was a financial outrage. Some people in Hong Kong had purchased a product that depended on betting on the stock market. This is why I think the consumers were extremely unreasonable......
Of course, at one time betting on the stock market is an extremely dangerous procedure. That is why some people lost their money while betting on the stock market. They are at present trying to get their money back by blaming the banks for not explaining the risk to them. Well, why didn't it occur to them to ask the banks? Although there is some resonable wrongdoing on the banks part, it is the consumers themselves who are to blame. To put this in another perspective, it is comparable to a 100% no risk, full refund, secure profit product. Of course, impossibly good products don't last long. This is exactly like what the Lehman investors did.
In Hong Kong, there will almost certainly be more people like these investors. They need to be more cautious next time.
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