12.15.08
HSBC / Madoff exposed to 1.5 Billion fairfield Greenwich Group exposed to 7 Billion??
What is going on ? does HSBC not have their own Traders managers skilled staff ? why chase returns of what – the referral commissions , back hand commissiosn must have been enormous so this is where the enquiry should be within HSBC
as for Fairfield Greenwich Group- if you look at their site page – they are full of lies – as what they say they do and what they have been caught doing make a mockery of so called profssional people , all ex bankers auditor firms etc who should know better ! whatever their excuse now ? again something here does not add up ? As for Man they should be looking at their whole operation as to drop 300 Million when they havetheir own skilled staff is a no no ! again Man have lived on referral commissions etc so what is their connection to Madoff
well he escape justice ? Madoff like those behind the Refco scam probably will as REFCO like Enron never got to the real guilty parties- and the man at the SEC is a disgrace as America is or has been Exporting these past 8 years a special type of Terror Market Capitalism – look at Lehman AIG and Bear Sterns- all stuffed the Globe with their over zealous salesman , racking in excessive bonuses ,commissions etc to stuff their packadged securitisation products to who ever took them- from Scandinavia to Iceland to Australia to Middle East to China etc etc and no scam work of the last 8 years , can we have the bonuses returned thanks
to the Fed letting the firm collapse or be taken over in a hurry as for Bear and AIG-
enough said Bush administration leaves with a very bad after taste -with how and what they have been doing especially since Paulson got the Treasury Job!! a scam to relfect on , when we reflect in 5 years plus
