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December 13th, 2008 11:42 PM #1
http://sg.news.yahoo.com/ap/20081212...t-1be00ca.html
Wow..... just wow...
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December 13th, 2008 11:49 PM #2
I guess Ponzi schmes never go out of style. The Federal Reserve is probably running the biggest one right now. The fractional reserve system...
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December 13th, 2008 11:54 PM #3
haha
Tidus, baka tawagin ka conspiracy theorist hehe
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grabe, dami nasunog jan
years ago, people were already skeptical of how the guy was able to come up with very very steady returns
yun pala, pareho lang sa Francswiss ang gawain nyaLast edited by uls; December 14th, 2008 at 12:05 AM.
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December 14th, 2008 12:38 AM #5
Madoff ran the ponzi scheme for years... maybe decades
If it wasnt for the financial crisis, the ponzi scheme would have gone undetected...
nagkasabay sabay kasi ang withdrawals
The withdrawals caused the ponzi scheme to collapse
sounds like a bank run
hehe
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December 14th, 2008 12:48 AM #6
^^Kinda like how the lack of easy credit in the "Fractional Reserve" system is revealing the cracks of the grand ponzi scheme Never mind, we all love good conspiracies once in awhile
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December 14th, 2008 10:33 AM #7
Mukhang marami na apekto sa kalokohan na ito. The effects are just starting to be felt.
Some of the world's wealthiest private and corporate investors are reported to be victims of an alleged $50bn fraud by Wall Street broker Bernard Madoff.
Reports say the main owner of the New York Mets baseball team, Fred Wilpon, and former American football team owner Norman Braman are among the victims.
Others facing losses reportedly include French bank BNP Paribas, Japan's Nomura Holdings and Zurich's Neue Privat Bank.
Hundreds of people are thought to have invested with Mr Madoff, among them international banks, hedge funds and wealthy private investors - who are all trying to find out the cost of the alleged fraud.
Spanish newspapers said the leading bank Santander had invested with Mr Madoff.
Bramdean Alternatives, a UK-based asset management company run by Nicola Horlick, saw its share value drop by over 35% after it revealed that nearly 10% of its holding was exposed to the New York broker.
One hedge fund, Fairfield Greenwich Group, said its clients had invested $7.5bn with the firm.
Lawyers for worried investors fearful that they had lost their savings, attended court on Friday for a hearing on the disposition of Mr Madoff's remaining assets.
Last edited by Monseratto; December 14th, 2008 at 10:40 AM.
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December 14th, 2008 12:51 PM #8
madami kasi nabilib kay Madoff
imagine... he consistently returned 1-2% a month, year after year for many many years... regardless of market condition
nagtataka nga ang mga analyst how he was able to do that...
yun pala Francswiss lang ang style nya
maganda kasi reputation nya kaya madami nagtiwala sa kanya
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December 14th, 2008 01:05 PM #9
Dami rin ganitong klaseng investment dito e, nan diyan pa ba mga ito?
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December 14th, 2008 01:19 PM #10
usually ang mga ponzi di tumatagal... months lang bagsak na
pero itong scheme ni Madoff tumagal ng years or decades
magaling sya magpatakbo...
kung hindi dahil sa financial crisis (nagkasabay sabay ang withdrawal ng mga clients ni Madoff) hindi babagsak yanLast edited by uls; December 14th, 2008 at 01:22 PM.
I dont know kung ano ang major contirbutor sa incident nayan. Dahil ba made in china yung ev car o...
Hybrids and EV