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15-08-2014, 02:02 PM
Putting aside the issue of MAS regulations, are the culture and people here partly to blame? There seems strong desire to getting better yield/money, and especially among those who have achieve a little bit and trying to move up. I've heard stories from people in the finance sectors of clients actively asking for more risky instruments.
You can count on the greed of man for the next recession to happen.