US financial woes become personal to Filipinos
LALA RIMANDO – The fate of Wall Street luminaries became a personal concern to Filipino investors this week. News about bankrupt Lehman Brothers triggered locales to ask how safe is their money invested in the insurance policies and in local banks and if their pension is still intact. Predictably, the government economic managers, the central bank governor, and the executives of insurance companies and a government-run pension fund tried to calm nerves exacerbated by spreading speculations. O
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Tags: Bank, Business, Government, Insurance, Money, Personal, Wall Street