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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.
junction ( Date: 06-Nov-2011 10:07) Posted:
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!
teeth53 ( Date: 06-Nov-2011 00:49) Posted:
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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MAS stand for My Axx's Suck!!!
I doubt MF client can really get their money back in full, if they can get some back will be consider lucky.
Another good quote. let MAS be know. MAS can do nothing at all.
" MAS has probably sanctioned or is caught sleeping again." junction ( Date: 06-Nov-2011 10:07) Posted:
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!
teeth53 ( Date: 06-Nov-2011 00:49) Posted:
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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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.
teeth53 ( Date: 06-Nov-2011 00:26) Posted:
" 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..?.
baberic ( Date: 02-Nov-2011 09:11) Posted:
| I think the PM is trying to allow market to find its own level. Many people are still shorted and would die if the market continue to go up. But of there are lots who will also die in a super heavy market fall. Stock markets are always dangerous to invest indiscriminately.
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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!
teeth53 ( Date: 06-Nov-2011 00:49) Posted:
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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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.
You are assuming that the EU don't kick Greece out of the Eurozone first.
teeth53 ( Date: 06-Nov-2011 00:26) Posted:
" 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..?.
baberic ( Date: 02-Nov-2011 09:11) Posted:
| I think the PM is trying to allow market to find its own level. Many people are still shorted and would die if the market continue to go up. But of there are lots who will also die in a super heavy market fall. Stock markets are always dangerous to invest indiscriminately.
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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
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)
" 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..?.
baberic ( Date: 02-Nov-2011 09:11) Posted:
| I think the PM is trying to allow market to find its own level. Many people are still shorted and would die if the market continue to go up. But of there are lots who will also die in a super heavy market fall. Stock markets are always dangerous to invest indiscriminately.
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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."
Corzine, a former chief of Goldman Sachs, characterized his abrupt departure, he once joked as " too small to care about" . Now - MF Global's seeking bankrupt protection this wk, triggered steep declines in stocks of other financial companies, such as Morgan Stanley and investment bank Jefferies Group Inc.
" 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.
teeth53 thot: Just by his few words, he can cause many clients to jump from greater height by gambling on their money.
It has had to happen, as everyone betting big, big is behaving like one, just like MF global.
Who will b the next..?.
bsiong ( Date: 05-Nov-2011 17:58) Posted:
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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..?.
alexchia01 ( Date: 05-Nov-2011 20:24) Posted:
teeth53, are you a client of MF Global?
You seems to be quite interested with their progresses. |
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teeth53, are you a client of MF Global?
You seems to be quite interested with their progresses.
Greek Prime Minister George Papandreou blames his predecessors for Greece's current economic problems.
Greek PM in confidence vote amid unity govt call Reuters via Yahoo! Singapore News - 05 Nov 2011.
teeth53 thot: In d first place, he should call for crisis talk -closed door to meet it nation debt woes head on.teeth53 ( Date: 03-Nov-2011 09:56) Posted:
Papandreou unexpectedly announced on Monday and a national referendum on coming Thursday's on EU debt deal, is taking a political gamble in an attempt to silence opposition to his policies.
teeth53 thot: He's taking, betting on a do or die with his poltical enemies by making it a public referendum, his act amounted to fighting fire with fire. Making it more uncertain for Euro zone in passing the dole to it Greek citzen , in which Greece citizens needed badly without further delay.
teeth53 ( Date: 02-Nov-2011 08:37) Posted:
Tis Greece PM even more garang then both of them. playing fire with fire.
He is not a crisis leader intime of need. He should hav call for a crisis meet - close door |
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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.
teeth53 ( Date: 03-Nov-2011 19:37) Posted:
What he does, is a shocking action of one man action, it is neither wrong and or right move, but shocking move, the referendum may not pass, pass Greek parliment before putting forward to the people's.
It may fail as his own political may perhap divided into two camp, a pro and a opposition.
http://sg.finance.yahoo.com/news/Euro-zone-mulls-Greek-exit-rb-146028151.html?x=0
Thurs: Greece's govt was on the brink of collapse, casting doubt on plans to hold a referendum on staying in the euro zone, as European leaders contemplated a Greek exit to preserve their single currency.
Greek PM George Papandreou chaired an emergency cabinet meeting in Athens, with his finance minister in revolt against a plebiscite, France and Germany gave Greeks an ultimatum to make up their minds.
alexchia01 ( Date: 03-Nov-2011 11:48) Posted:
Actually, Papandreou is not doing the wrong thing.
If the referendum goes through, he'll get the support of his people and EU help as well.
If the referendum does not goes through, Greek exit Euro. Greek will have the power to print their own money and slowly get out of debt themselves. Greek will no longer be such an EU problem, at least not a major one. EU will also have more resources to help the rest of the PIIGS. At the same time, the rest of the PIIGS will has another backdoor to solve their problems. Then all these EU problems become a individual country problems and less impact on the rest of the world.
Just my speculation. 
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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.
