Thursday, October 16, 2008 . 8:58 AM

Seems like lunch conversation nowadays revolves mainly around the credit situation triggered by the subprime. There was one colleague yesterday who asked where we keep our savings. He says he just opened a savings account with DBS, which should be safer than say, OCBC since DBS is a local bank.

Well, to this colleague, I'll like to ask him to look at the papers about the case of DBS's High Notes 5. See what came out of blind trust with the 'government's bank'? I'm not saying that DBS will go bankrupt like Lehman, I just think that when it comes to investments, buying from a government bank is no assurance.

Anyway, I truly dislike financial advisors. Correction, I should amend that it is the incompetent ones who do not know their products and do not bother explaining the risks involved in their products that ought to go drown themselves in shit. Gah, even worse are those who target blue-collar retirees who do not understand English.

I pause sometimes and wonder how different my job is from their's. While they sell direct to these people, my job is to hide the flaws of my products by highlighting its benefits. Not that my product is so beneficial since it contributes to pollution and depletes natural resources. Huh. That sounds so positive. I am so proud of myself.