after lehman, it's madoff fund now!

[leetahbar]

wonder how many kena hit again? another damage control standing by?
Singapore insurer Great Eastern Holdings informed that it has some investments in Bernand L . Madoff investment Securities, the New York-based business that had lost US$50 billion in a giant pyramid scam.

However, according to Great Eastern’s parent company, OCBC, the exposure is not significant but the company declined to reveal details. OCBC itself has no exposure to the failed Madoff funds.

The two other major local banks, DBS and UOB, also said they have no investments at Madoff.

Global bank giant HSBC is said to have about US$1.5 billion tied up with funds managed by Bernard Madoff. Other global names with exposure include Spain's largest bank Santander, the Royal Bank of Scotland (RBS), and France's BNP Paribas.

Bernard Madoff, the former chairman of Nasdaq, is currently being prosecuted in the US for allegedly masterminding a fraud through his investment business.

 

[theblackhole]

more mad schemes and more mad funds are on the way...just wait for the news that will explode in our faces...for those in deep financial shits..gone case liao...for those with no money.no reserves and no savings also deep shit liao...we are all in deep deep shit!!!

 

[leetahbar]

[The two other major local banks, DBS and UOB, also said they have no investments at Madoff.

believable or unbelievable?? if it's another whammy, what reasoning would they present to peasants? just follow the link link, maybe it should lead to tamasick or glc again. if we continue from there, the final source of the real misery could be our CPF!!

then how huh?:p

 

[leetahbar]

this world has no lack of intelligent minds but it really lacks wise compassionate minds.

all the turmoils the world is facing now is the results of effects from too many intelligent minds who's welfare is only on self and hence, the rest suffer for their follies.:oIo:

 

[guavatree]

the final source of the real misery could be our CPF!!then how huh?:

bapok PAP dog what CPF?

you live on handouts and stealing temple money

got CPF meh?

LOL