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MF Global collapses ?
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teeth53
Supreme |
07-Nov-2011 15:25
Yells: "don't learn through life, learn to grow with life " |
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http://www.telegraph.co.uk/finance/financialcrisis/8872380/Goldman-euro-could-split-apart.html Goldman Sachs economist (is singing to...)  best known for coining the BRICs acronym. Meanwhile http://www.telegraph.co.uk/finance/financialcrisis/8873295/Greek-prime-minister-George-Papendreou-to-step-down-after-deal-agreed-with-opposition-leader.html Sunday: Greece political leaders sealed a pact to form a national unity govt after the prime minister announced his imminent resignation under pressure... teeth53 thot: Anyone wishes for advise?. Angmo style, Goldman Sach way...can see what happen to Greece.
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warrenbegger
Elite |
06-Nov-2011 22:22
Yells: "Anyhow Buy Anyhow Die ^_^" |
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MAS stand for My Axx's  Suck!!! | ||||
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victortan
Master |
06-Nov-2011 19:09
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I doubt MF client can really get their money back in full, if they can get some back will be consider lucky. | ||||
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teeth53
Supreme |
06-Nov-2011 10:36
Yells: "don't learn through life, learn to grow with life " |
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  Another good quote. let MAS be know. MAS can do nothing at all. " MAS has probably sanctioned or is caught sleeping again."
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teeth53
Supreme |
06-Nov-2011 10:31
Yells: "don't learn through life, learn to grow with life " |
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This is a good post, refering to baberic, many new players, plunge into CFD. This is what  MF Global did on a  very much greater scale, in U.S. alone  taking more then 50,000 clients money value at S$800 million  to gamble on Euro PIIGS. The mony is missing in their account.  Missing fund will mentioned it surface in  JPMorgan Chase account.  Today Straits Times Sunday paper hav a full explaination on CFD. It is clients money betting against a one man action, provider for such services like MF Global Ex-boss. Mr Jon Corzine. He can wash hand and do nothing leaving many to die.
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junction
Senior |
06-Nov-2011 10:07
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What is going to be a foreseen future disaster for Singapore is Dark Pools and worse High Frequency Trading which the Angmo CEO of SGX has promoted and which MAS has probably sanctioned or is caught sleeping again.  We have just seen how UOB was sold down and bought up within a minute  and SGX is incapable of doing anything to stop it. Somemore let Goldman Sachs instal their already superfast computer beside its own computer to make their trades even faster AT THE EXPENCE of retail investors.  Before you can blink your eye, these people would have made their Billions and leave the retail investors holding the trash! 
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teeth53
Supreme |
06-Nov-2011 09:59
Yells: "don't learn through life, learn to grow with life " |
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From day one. Ever since  Euro zone came to know about the plight on  Greece debt. Euro zone leader has had not in everyway indicating greece is out. It oni one man  action. Mr Papa, one silly misjudgment for calling a referendum, that where the world market equity  instantly responsed to his call by giving him a red card, forcing German and French leader hands  to call for d ultimation for Mr Papa to make up his  inconsistant mindset. He did just right by Sat (yesterday), by calling for a unity govt after closed consultation in parliament crisis debate  and calling on d Greece president -closed door for his approval. This cost him his PM job, simply by shooting at himself. Euro leader still have  to solve and or find solution, is  still in PIIGS. |
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tanglinboy
Elite |
06-Nov-2011 08:49
Yells: "hello!" |
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You are assuming that the EU don't kick Greece out of the Eurozone first.
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JustinQuek
Veteran |
06-Nov-2011 02:38
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I will buy put warrants for next week . the last time i   bought the 18600 HSI call warrant as b4 (see my warrants post) i made a few weeks ago when i said hang seng will rise   to 20000 .u would have made 18.5k for every 1.7 k vested. when HSI hit 20000 by friday | ||||
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teeth53
Supreme |
06-Nov-2011 00:49
Yells: "don't learn through life, learn to grow with life " |
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Imagine how Angmo setup shop here and play us out..and or start advising us  and our govt on how best to maximise our / yours  money. On Lehman and now MF Global and what about DBS high notes..?  Sure one fine day can find many many die, still  without knowing why. (A lesson for us to learn) |
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teeth53
Supreme |
06-Nov-2011 00:26
Yells: "don't learn through life, learn to grow with life " |
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" indiscriminately" this's truth in every sense. Now every  banks /  bankers who load to Greece must take a 50% lost, then to loss every single cent and is all interlink.  More to come. Who's next on the list..?.
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teeth53
Supreme |
06-Nov-2011 00:17
Yells: "don't learn through life, learn to grow with life " |
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Bankruptcy is the 7th-largest in U.S. history, according to BankruptcyData.com and Reuters data. http://in.news.yahoo.com/mf-global-ceo-jon-corzine-quits-big-bet-040139212.html " The idea that you might be holding Euro debt is very frightening" to mkts," said Franklin Edwards, a Columbia Business School prof specializing in futures mkts, regulation and governance. " There is so much uncertainty."
" I feel great sadness for what has transpired at MF Global and the impact it has had on the firm's clients, employees and many others," he said.
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teeth53
Supreme |
05-Nov-2011 23:45
Yells: "don't learn through life, learn to grow with life " |
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No,  no CFD for me.  Keen on MF Global - yes,  basically, the man who is from Goldman Sachs who  took change of GS  from 1994 to early 1999, there after he quit,  the next man who advise Greece..?. http://www.spiegel.de/international/europe/0,1518,676634,00.html How Goldman Sachs Helped Greece to Mask its True Debt...huge deal with the savvy bankers of US investment bank Goldman Sachs at the start of 2002. He quit GS after lossing to out and move to MF Gobal.http://in.news.yahoo.com/mf-global-ceo-jon-corzine-quits-big-bet-040139212.html  Bankruptcy is the seventh-largest in U.S. history, according to BankruptcyData.com and Reuters data. teeth53 thot: He can very easily ruin U.S. state  down and out if and when is elected president.  Now that MF Golbal is bankrupt...by his risk taking action, he is more then  garang without  2nd thot,  this's client money and on how he can run as a U.S. senator from New Jersey and one-term governor of that state. More to come...after Greece, who will bt the next..?.
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alexchia01
Elite |
05-Nov-2011 20:24
Yells: "Catch The Stars And Ride With Them" |
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teeth53, are you a client of MF Global? You seems to be quite interested with their progresses. |
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teeth53
Supreme |
05-Nov-2011 18:46
Yells: "don't learn through life, learn to grow with life " |
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Greek Prime Minister George Papandreou blames his predecessors for Greece's current economic problems. |
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bsiong
Supreme |
05-Nov-2011 17:58
Yells: "The Greatest Wealth is Health" |
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  http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/5_Bart_Chilton_-_MF_Global_Disaster_Should_Not_Have_Happened.html   |
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bsiong
Supreme |
05-Nov-2011 17:56
Yells: "The Greatest Wealth is Health" |
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teeth53
Supreme |
05-Nov-2011 16:41
Yells: "don't learn through life, learn to grow with life " |
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teeth53 thot: In d first place, he should call for crisis talk -closed door to meet it nation debt  woes head on.
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teeth53
Supreme |
05-Nov-2011 16:33
Yells: "don't learn through life, learn to grow with life " |
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Sat - Nov 5,  2011, 15:19 By Harry Papachristou and Renee Maltezou
Greek PM. George Papandreou survived a parliamentary confidence vote on Sat, avoiding snap elections, stopping short of  torpedoed Greece's debt crisis bailout deal and inflamed Euro zone's economic crisis, the nation remained mired in political, social and economic turmoil. Papandreou signalled he would stand down, a new coalition to ram, 130-billion-euro bailout deal through parliament and avoid the nation going bankrupt. Papandreou's socialist govt won with 153 votes in the 300 member parliament, after he indicated that his term as PM was close to an end, rebellion by some dissidents in his PASOK party failed to materialise. " The last thing I care about is my post. I don't care even if I am not re-elected. The time has come to make a new effort ... I never thought of politics as a profession," he told parliament before the vote. Papandreou said the new coalition govt should secure the approval of the euro zone bailout deal, the nation's last financial lifeline. teeth53 thot: He regretted calling for referendum, causing German and French Leader to demand and immediated answer. He should call for a national unity govt.
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teeth53
Supreme |
05-Nov-2011 08:32
Yells: "don't learn through life, learn to grow with life " |
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Saturday 5 Nov, 2011
  REUTERS - Hundreds of millions of dollars of missing client funds from MF Global Holdings Ltd have been found in an account at JPMorgan Chase & Co, Bloomberg reported on Friday. As of Oct. 31, the account had $658.8 million in it, Bloomberg reported, citing a person with knowledge of the matter. |
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