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Hundreds of Lehman investors protest in Hong Kong
Investors in Lehman Brothers in Hong Kong shout slogans during a protest outside the Legco building in Hong Kong Wednesday, Oct. 8, 2008, as they accusing local banks of misleading them about investment products backed by the failed U.S. investment bank. The protesters complained that banks that sold them Lehman-backed bonds didn't properly explain the products to them and urged the Hong Kong government to better regulate methods of selling investment products. (AP Photo/Vincent Yu)
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More from BusinessHONG KONG (AP) — Hundreds of angry investors in Lehman Brothers Holdings Inc. protested in Hong Kong on Wednesday to demand a full refund of their investment backed by the failed U.S. bank. The Hong Kong government proposed a plan under which local banks and distributors of Lehman-backed bonds would buy back the products at a value to be decided upon. But most investors, many near or at retirement age, rejected the idea because it would only help recover a small part of their investments. Protesters chanted "Return my blood money" and "Stealing elderly money."
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