alas, with hindsight
this letter to SEC (in 2005) highlighting that
“The World’s Largest Hedge Fund is a Fraud”
seemed so obvious… now.
pity that this slipped through the SEC checks.
[Read more - WSJ $$]
Every year, Google puts out the Year-End Zeitgeist. (Zeitgeist is the german word for ’spirit of the times’, and who better to offer this insight than Google, the company that knows more about what you think than you do).
Some interesting selections (gosh.. sarah palin as #1 fastest rising!):
Fastest rising (Global)
AsiaPac
The fastest rising searched items on most of the AsiaPac lists ranged from the scandalous (Edison Chen – Hong Kong celebrity whose sex photos were leaked - was the #1 fastest rising search term for China, Singapore and #3 fastest rising in Taiwan, but surprisingly missing from Hong Kong’s top 10) to the closely-followed US Presidential elections that seemed to occupy significant mindshare - with searches relating to Obama / Palin / US elections occupying top 10 slots in almost every single AsiaPac country.
Since it was a zero-sum game, it’s apparent that “some” people had profited from the madoff’s scheme, where in some cases, investors have withdrawn far more than their principal investment.
Guess it’s time for the ethical and legal quandary.. what to do if you have ‘profited’ from the ponzi scheme.
Chanced upon this interesting / funny question posed by a “victim” to its lawyer:
‘I’ve taken out more money then I originally put in, but I still had $1 million left with Madoff. Should I file a $1 million claim?’
[Read more - IHT]
This is totally hilarous!
Well, Wall Street got the bail-out… auto industry got the bail-out… so why not the “age-old” industry?
Larry Flynt and Joe Francis (owners of the adult entertainment companies in US), are asking the US government for a bailout for the porn industry, which is said to be on its knees (Triple X-rated DVD sales are apparently down some 22% on a year ago).
Flynt said: ‘With all this economic misery, and people losing all that money, sex is the farthest thing from their mind. It’s time for Congress to rejuvenate the sexual appetite of America’.
How about a ’stimulus’ package ?
[Read more - Guardian uk]
… Is The World Expecting Too Much Of President-Elect Superbam?
Barack Obama has the hopes of the world resting on his shoulders. But have his superhero powers been overplayed?
“The voice of reason” came up with a list of funny views from their “panel of experts”:
“The novelty of having a US president who can string a sentence together of five words or more without fluffing it will soon wear off.”
[Read more - Voice of reason]
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