Since when are jews a race anyway? Are moslems and christians a race too? How about buddhists? Hindus?
This little hissy fit is stupid on many levels.
Bernie Madoff Scams HSBC for $1 Billion
Moderator: Singaporum Moderators
Re: Bernie Madoff Scams HSBC for $1 Billion
"No man is above the law and no man is below it: nor do we ask any man's permission when we ask him to obey it."
-Theodore Roosevelt
-Theodore Roosevelt
-
- I post here professionally
- Posts: 2781
- Joined: 14th Feb, '08, 14:58
- Mood: musn't grumble
- Location: Singapore
Re: Bernie Madoff Scams HSBC for $1 Billion
Yay!! I can fight with you again.
Be Yourself. Everyone Else Is Taken
- baloo
- Can't find the exit
- Posts: 7589
- Joined: 14th Feb, '08, 00:01
- Mood: exhausted
- Location: Here, there & everywhere
Re: Bernie Madoff Scams HSBC for $1 Billion
Here's an early list of those who are thought to have lost out in Bernard Madoff's alleged $50bn scam.
Fairfield Greenwich Group - $7.5bn (company statement)
Kingate Management - $3.5bn (Bloomberg)
Banco Santander - $3.1bn direct and indirect exposure (company statement)
Tremont Group - $3.3bn (Bloomberg)
Bank Medici - $2.2bn (company statement)
Ascot Partners LLC - $1.8bn (The Wall Street Journal)
Access International Advisors - $1.4bn (company statement)
Fortis - $1.4bn (company statement)
HSBC - $1bn (Financial Times)
Benbassat & Cie - $935m (Le Temps)
Union Bancaire Privee - $850m (Le Temps)
Royal Bank of Scotland - $594m (company statement)
Natixis - $533m in indirect exposure (company statement)
BNP Paribas - $468m (company statement)
BBVA - $404m (Reuters)
Fix Asset Management - $400m (company statement)
Man Group - $360m (company statement)
Reichmuth & Co - $330m (firm letter to clients)
Nomura Holdings - $302m (company statement)
Maxam Capital Management - $280m (The Wall Street Journal)
EIM Group - $230m (Le Temps)
UniCredit - $100m (company statement)
Societe Generale and UBS have both come out and confirmed insignificant exposure.
Fairfield Greenwich Group - $7.5bn (company statement)
Kingate Management - $3.5bn (Bloomberg)
Banco Santander - $3.1bn direct and indirect exposure (company statement)
Tremont Group - $3.3bn (Bloomberg)
Bank Medici - $2.2bn (company statement)
Ascot Partners LLC - $1.8bn (The Wall Street Journal)
Access International Advisors - $1.4bn (company statement)
Fortis - $1.4bn (company statement)
HSBC - $1bn (Financial Times)
Benbassat & Cie - $935m (Le Temps)
Union Bancaire Privee - $850m (Le Temps)
Royal Bank of Scotland - $594m (company statement)
Natixis - $533m in indirect exposure (company statement)
BNP Paribas - $468m (company statement)
BBVA - $404m (Reuters)
Fix Asset Management - $400m (company statement)
Man Group - $360m (company statement)
Reichmuth & Co - $330m (firm letter to clients)
Nomura Holdings - $302m (company statement)
Maxam Capital Management - $280m (The Wall Street Journal)
EIM Group - $230m (Le Temps)
UniCredit - $100m (company statement)
Societe Generale and UBS have both come out and confirmed insignificant exposure.
So…if you wish to wish a wish, you may swish for fish with my Ish wish dish.
- Kooky
- Can't find the exit
- Posts: 8481
- Joined: 5th Mar, '08, 13:32
- Mood: Superior
- Location: Ringside Seat
Re: Bernie Madoff Scams HSBC for $1 Billion
Santander's got my dosh.
- Lichtgestalt
- Going Postal
- Posts: 1984
- Joined: 19th Feb, '08, 01:00
- Location: Fatherland
Re: Bernie Madoff Scams HSBC for $1 Billion
To quote Emilio Botin:
One, if you don’t fully understand a product, don’t buy it.
Two, if you wouldn’t buy a product for yourself, don’t sell it.
And three, if you don’t know your customers very well, don’t lend them any money.
One, if you don’t fully understand a product, don’t buy it.
Two, if you wouldn’t buy a product for yourself, don’t sell it.
And three, if you don’t know your customers very well, don’t lend them any money.
Re: Bernie Madoff Scams HSBC for $1 Billion
Excellent. I have far more of HSBC's money than they do of mine.. Hope they go bust and forget about my home loans (and of course I hope all the employees get handsomely paid off)
We are the TPF
- Joseph27
- Going Postal
- Posts: 1265
- Joined: 1st Mar, '08, 09:58
- Mood: Reflective and Motivated
- Location: In transit between Perth, Jakarta and Singapore
- Contact:
Re: Bernie Madoff Scams HSBC for $1 Billion
Just an odd thought but I can imagine that many retirees in Florida would have been happily parking their money with Bernie because of his religious origins -oh that and the 13% returns year after year....... there are a lot of broke people in Florida now wondering how to live a lavish lifestyle of social security payments....
"truth is a group of metaphors, metonyms, and anthropomorphisms; a sum of human relation which is poetically and rhetorically intensified, metamorphosed and adored so that after a long time it is then codified in the binding canon."