#Videocrux - Turns out the bonds were linked to Lehman Brothers Turns out the bonds were linked to Lehman Brothers
Hundreds of people put their life savings into "mini-bonds." They say banks mis-sold them the product as a safe investment. It turned out the bonds were linked to failed US bank Lehman Brothers.
Hong Kong shares dropped down by 8.2 percent
Another bad day for Asian markets. Hong Kong shares plunged 8.2 percent on Wednesday, as traders panicked over the global financial crisis. There was even worse news from Japan shares plummeted over 9 percent, the worst crash in two decades. In Hong Kong, the crisis has hit a small group of investors particularly hard
Turns out the bonds were linked to Lehman Brothers
Hundreds of people put their life savings into "mini-bonds." They say banks mis-sold them the product as a safe investment. It turned out the bonds were linked to failed US bank Lehman Brothers.
Investors now want govt. to help
Many people are wearing face masks to hide their identity. This woman doesn't want her children to know she had lost all her money. All she has left are a few worthless documents. With nowhere to turn, the investors now want the Hong Kong government to help them get their money back.
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