An uberrich Chinese-Filipino friend, although a Php billionaire and a USD $ multimillionaire, was [ and still is ] a good saver. Throughout the years, he simply gathered the cash gifts from his loving father, along with “unexpected” dividends, and deposited these in an account which he simply termed “Savings.” Someday, he dreamed, he would build a nice house in a nice village for himself with that particular “savings” account.
The years went by, and because he never withdrew anything from that account, indeed he just kept on depositing into it, the amount just grew larger and larger. The bank managers were characteristically all over him, not only for that large “savings” account, not only because he was a signatory to dozens of corporate accounts that totaled in the Php hundred millions, but because his family owned a considerable stake in the bank.
The time came when the bank was merged with another bank. And a year later, the merged bank was merged with an even bigger bank.
His banker advised him to put his “savings” account into an instrument that would yield a tidy interest. He declined because he was a conservative investor. A year later, another banker advised him to put his “savings” account into another instrument that would yield an even better interest. Again he declined, because he was a conservative investor. Another year later in 2007, yet another banker, this time a handsome, audacious wiz kid from Wall Street, advised him to put his “savings” account into another instrument that would yield a fantastic interest.
Despite his better judgment, he uncharacteristically agreed.
He felt that his USD $ 50 million was safe with Lehman Brothers in New York. He believed that he would have more than enough to build his nice house in a nice village in the near future…
Well, everyone knows what happened next…
“How could you let this happen to me??? ~@#$%^&*()_+!!! Why didn’t you even warn me??? ~@#$%^&*()_+!!! How could you be sooooo SSSTTTUUUPPPIIIDDD???!!!???!!! ~@#$%^&*()_+!!! He cried out to his young banker.
“Sir, we had no idea…!!!” protested the young banker.
“I’m going to KKKIIILLL you!!!” He threatened.
The young banker — fully aware that the universal bank he worked for had also lost USD $ multimillions with Lehman Brothers — completely lost his Wall Street strut and panache and reverted to his true Pinoy self: “Ser!!! Nawala ho eh!!! Wah na!!! Waz, wez… wiz woz wuz!!! Wizhing na eh!!! Goodbye and Baboo!!!”
As the Warner “Merrie Melodies” cartoons say: “That’s all, Folks!!!” :P :P 😛