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Bankers were hiding loans ? (Read 2881 times)
alilip
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Bankers were hiding loans ?
Jul 23rd, 2002 at 10:04pm
 
Hallo Rad
I looked up BBC and found this story
http://news.bbc.co.uk/1/hi/business/2147426.stm
digging into more http://www.moreover.com
I followed this headline : Chase, Citi Sold Others Enron-Style Deals
see http://money.iwon.com/jsp/nw/nwdt_rt_top.jsp?cat=TOPBIZ&feed=bus&src=202§ion=new...
Summing it up ( please correct me if I am wrong):
Those bankers borrowed money in such a way that
the borrowers could hide them from analyst , shareholders etc?They were helping them to fake balancesheets ? ???

 
 
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Re: Bankers were hiding loans ?
Reply #1 - Jul 24th, 2002 at 2:05am
 
Anything to do with Enron, shady execs or stock prices is a bad subject these days. Many ppl have lost a lot of money due to these scandals .. and seems like the financial carnage is only accelerating. And nobody wants to get out of the market, cuz they feel that the moment they sell, the market will rebound.

Rad advice #1: Buy low, sell high (the market is low right now).

Rad advice #2: The trnd is your friend (the market is still trending downward).
 
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alilip
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Re: Bankers were hiding loans ?
Reply #2 - Jul 24th, 2002 at 9:37am
 
Sorry I mixed up borrowing and lending -
your advice is OK but when things like
fraud happen in big business
how can you judge ?
Where are the timebombs of irregularities hidden.
On the above links they said 10  companies used the
same trick as Enron by using these 2 big banks.
Embarrassed
What about the copycats at other big banks. Undecided


 
 
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Re: Bankers were hiding loans ?
Reply #3 - Jul 24th, 2002 at 1:44pm
 
the bottom line is that nobody knows for sure, at least not the average investor .. which makes the market so speculative .. which is why it needs to generate some type of financial rewards for its investors (capital appreciation, dividends, etc.) .. or they will take their money and run .. which is what's been happening for the last couple of years.

http://host.businessweek.com/businessweek/Corporate_Snapshot.html?Symbol=SPX&Tim...
 
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alilip
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Re: Bankers were hiding loans ?
Reply #4 - Jul 24th, 2002 at 3:17pm
 
Shocking details on a BBC  Q&A section Shocked
http://news.bbc.co.uk/1/hi/business/2148534.stm
Enron is gone but the fallout will hit the banks
and lawsuits will follow. Dark future for those banks. Undecided
 
 
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Re: Bankers were hiding loans ?
Reply #5 - Jul 24th, 2002 at 8:52pm
 
this shit makes me want to go to the movies. Smiley
 
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alilip
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Re: Bankers were hiding loans ?
Reply #6 - Jul 28th, 2002 at 11:07am
 
Well these are only the things we read about Embarrassed
I bet you don't know about Innsbruck
where the Austrian Inlandrevenue office
were taking bribes at a rate of 50% of taxrevenue.
Not one or two inspectors - no the whole department Angry
Or Deutsche Telekom is accused of issuing
bills that are on average 20% too high.
Standard practice Angry
I think I will go to the movies Smiley
 
 
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