Gimtoji kalba Polish Įstojo February 18, 2003 Šalis: Poland
RE: Understanding the Financial Crisis
More good news from the Warsaw Stock Exchange (soon to be owned by Deutsche Börse):
A thoroughly amended law on the trading of financial instruments, designed to stimulate the development of the Polish capital market, has come into force.
The law embraces the provisions of EU directives on financial instrument markets and on the financial reliability of investment firms and lending institutions.
Two years ago, the Markets in Financial Instruments Directive (MiFID) came into force, requiring the use of different categories of clients based on their various profiles. This means that there should be different levels of protection, allowing for the tailoring of the services offered according to a broad list of criteria such as financial knowledge, experience, risk tolerance and investment strategy. A recent check of Polish financial institutions showed that most of them do not care about who their investors are and keep pushing, for example, highly risky equity instruments to the retired and elderly...
Gerhard Strate, a well-respected lawyer based in Hamburg, has seen a lot of things over the years. But he still has a hard time believing the story of the Deutsche Bank funds db Kompass Life 1 and 2, calling it "unbelievable" and "absurd." The closed-end funds buy life insurance policies from Americans and assume responsibility for paying their future premiums. When the original policy-holder dies, the entire payout goes to the fund. It is like short-selling US life expectancy.<script type="text/JavaScript">
<script type="text/JavaScript">
Deutsche Bank collected some €500,000 ($750,000) from customers for its macabre money-making scheme. But the fund quickly turned into a mega-flop. So far, not one investor has received even a single dividend payment and some may lose their entire principal.
Chasing ambulances is really nothing. Now they will short sell your life.
Expert Gimtoji kalba English Žinutės: 1810 Įstojo February 1, 2008 Šalis: United States
RE: Understanding the Financial Crisis
I heard a story on NPR (National Public Radio) regarding Bernie Madoff and how the SEC people totally missed what he was doing. They would ask for his confirmations to show that he was actually doing trades, and he would say, "yes, I will send them over", and he would then forget. But the SEC never followed up. And the reason is that many SEC people are making maybe $ 70,000 a year, but could make 10 or more times that, by just "crossing the street" and going to work for the very people being "watched". It is absurd. The FBI should - according to the person being interviewed - take it over, because that temptation would not exist.
Forumų išlyga: Forumuose išreiškiamos pažiūros yra autorių pažiūros, kurios nebūtinai sutampa su svetainės savininko ir/arba moderatorių nuomone. Jei manote, kad kažkoks pranešimas įžeidžiantis, turėtumėte pasiskųsti to forumo moderatoriui. Skundai išnagrinėjami per 24 valandas, bet prašome neužmiršti, kad moderatorius gali gyventi kitoje laiko juostoje. Dalyvaudami forumuose įsipareigojate laikytis Elgesio forumuose taisyklių.
Language, Literature, Arts, Religion, Other 
Mobili TC |
Forumų nustatymai |
Prisijungti
Atsakyti
Cituoti
Redaguoti
Ištrinti