sharetrader
Page 280 of 1882 FirstFirst ... 1802302702762772782792802812822832842903303807801280 ... LastLast
Results 2,791 to 2,800 of 18813

Thread: Black Monday

  1. #2791
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    Quote Originally Posted by skid View Post
    Meanwhile the American system seems to be breaking new ground in terms of hippocracy--(fining DB for mortgage security issues)while bailing out its own banks in the GFC
    And not one banker been sent to jail?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #2792
    Guru Xerof's Avatar
    Join Date
    Mar 2005
    Posts
    3,005

    Default

    Quote Originally Posted by winner69 View Post
    And not one banker been sent to jail?
    But they are foregoing the annual $41m bonus .....jeez it must be tough on them

  3. #2793
    Advanced Member Valuegrowth's Avatar
    Join Date
    Jun 2013
    Posts
    1,933

    Default

    There are risks and returns in any type of business. It is same for banks. Those who have some kind of plan for those types of risks will survive and will continue their business.

    There are things which come to my mind.

    How much exposure they have for derivatives (this include swaps as well)
    Are they over exposure to some currencies?
    Are they over exposure to gold?
    Do they have some bad investments?
    Are they over exposure to certain type of areas such as property or other assets?

    Which bank can name as the best managed bank in New Zealand and why?

    I prefer to deal with best managed banks globally. They are safe and they will have more market share in the coming decade. I like to avoid banks which are exposure to high risk areas.

    In the mid and long run best managed banks will have more market share and they will outperform all other weak banks. We may see some bankruptcies as well in the coming two decades unless banking industry fix their financial system once and for all.

    Some say real crisis is bank bonds not banks.

    All these types of situation create great opportunities for some and misfortunes for some depend on the positions taken by banks, other financial institutions, investor or traders. For example Volatility in bonds, currencies and bank stocks all create opportunities as well as misfortunes.

    There could be so many crisis but they are creating some great opportunities as well. In the modern financial world everybody cannot win at the same time at same pace.

    We should see some volatility in October as well. However we should see more upside toward second half of October.I believe some will have Santa Claus Rally as well.
    Last edited by Valuegrowth; 01-10-2016 at 09:13 PM.

  4. #2794

  5. #2795
    Advanced Member
    Join Date
    Feb 2011
    Location
    Wellington
    Posts
    2,451

    Default

    Quote Originally Posted by winner69 View Post
    And not one banker been sent to jail?

    http://money.cnn.com/2016/04/28/news...ankers-prison/

  6. #2796
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Wrong Side of the Tracks
    Posts
    1,587

    Default

    Not one banker went to jail? Not true, but, from the CNN article stoploss quotes-

    "Many of the crimes involved relatively small amounts of money at smaller banks, rather than massive fraud at Wall Street banks."

    Too big to fail = too big to jail

  7. #2797
    Guru
    Join Date
    Feb 2010
    Posts
    3,809

    Default

    Quote Originally Posted by GTM 3442 View Post
    Not one banker went to jail? Not true, but, from the CNN article stoploss quotes-

    "Many of the crimes involved relatively small amounts of money at smaller banks, rather than massive fraud at Wall Street banks."

    Too big to fail = too big to jail
    and those that did go are brushing up on their golf game

  8. #2798
    Member
    Join Date
    May 2015
    Posts
    190

    Default

    Quote Originally Posted by skid View Post
    and those that did go are brushing up on their golf game
    Your more right than you realise!

    Found this interesting article a few weeks back. These guys are known, just never taken to trial:

    Massachusetts Senator Elizabeth Warren is marking the eighth anniversary of Lehman Brothers’ bankruptcy with a new push to investigate—and potentially jail—more than two dozen individuals and corporations who were referred to the Justice Department for possible criminal prosecution in 2011 by the Financial Crisis Inquiry Commission, a government-appointed group that investigated the roots of the 2008 financial crisis. None was ever prosecuted. The names of the referrals—including former Treasury Secretary Robert E. Rubin

    http://www.bloomberg.com/politics/ar...izabeth-warren

  9. #2799
    Advanced Member
    Join Date
    Dec 2009
    Location
    Eastern BoP..
    Posts
    1,808

    Default

    Crime Documentary Inside Job..

    Worth a look..

  10. #2800
    Advanced Member
    Join Date
    Sep 2004
    Location
    , , .
    Posts
    1,894

    Default

    Quote Originally Posted by janner View Post
    Crime Documentary Inside Job..

    Worth a look..
    Definitely.
    However it is history.The scary thing is that it probably will be repeating itself unless people are called to account

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •