A group of netizens unhappy about attempts by investors in complex financial instruments issued by bankrupt US bank Lehman Brothers to get all their money back plan to stage a protest on Sunday.
At least two online discussion forums and seven Facebook groups, including one with more than 700 members, have rejected suggestions the government - and taxpayers - should be part of any bailout.
The government has ruled out offering any relief for investors, but some critics fear that investors will press the government to reverse its decision.
The online action follows demands by disgruntled investors who bought complex derivatives such as minibonds issued by Lehman Brothers that banks and the government compensate them for their losses. Some of those investors met DBS Bank representatives yesterday seeking a full refund.
Investors say banks misled them into believing such products are low-risk. In fact, they are high-risk, credit-linked derivatives.
But many who joined the online groups expressed no sympathy for minibond holders. Some said taxpayers, bank shareholders and employers would ultimately pay if the investors were given a full refund.
