Lazada Philippines aff_i?offer_id=3127&file_id=94990&aff_id=150634 - Effects of Madoff Scandal - General Topic

normal_post - Effects of Madoff Scandal - General Topic Author Topic: Effects of Madoff Scandal  (Read 374 times)

Ligalig-Mike

  • FOUNDER
  • GURU
  • *****
  • avatar_1_1507939928 - Effects of Madoff Scandal - General Topic
  • Posts: 18912
  • medal1 - Effects of Madoff Scandal - General Topicmedal2 - Effects of Madoff Scandal - General Topic
  • Need A Website? Email me: info@mikeligalig.com
    • Share Post
xx - Effects of Madoff Scandal - General Topic
Effects of Madoff Scandal
« on: December 17, 2008, 05:13:38 PM »
Wall Street fell moderately on Monday as investors continued to be concerned about the U.S. auto industry rescue and more firms turned out to be victims of the largest Ponzi Scheme in history. A trader watches his screen on the floor of the New York Stock Exchange, December 15, 2008. U.S. stocks retreated on Monday with the Nasdaq falling more than 1 percent as shares of big-cap tech companies declined, while uncertainty over the fate of a possible rescue plan for struggling automakers remained.

The market sentiment was somewhat lifted in the earlier trading after U.S. President George W. Bush said on Monday morning that his administration is "now in the process of working with the stakeholders on a way forward" to rescue the country's crippled auto industry.

A 14-billion-dollar loan package to the three leading U.S. automakers -- General Motors Corp., Chrysler LLC and Ford Motor Co.-- was rejected by the U.S. Senate last week, delivering a blow to the market as investors were worried that any collapse of the three would result in thousands of job losses, another hit to the already battered economy.

Wall Street became more concerned on Monday as the victim list of the legendary investment manager Bernard Madoff continued to grow. Banks and financial institutions including HSBC, BNP Paribas, Royal Bank of Scotland Group PLC and hedge fund Man Group PLC are revealed to have exposure to Madoff's fund. Madoff was arrested last Thursday for a giant Ponzi Scheme that could amount to 50 billion dollars.

source: BBC

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=16774.0
Romans 10:9
"That if you shall confess with your mouth the Lord Jesus, and shall believe in your heart that God has raised him from the dead, you shall be saved."

personal01432050 - Effects of Madoff Scandal - General Topic

pCloud Premium


Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

xx
Gossip Effects

Started by Ligalig-Mike on General Topic

1 Replies
289 Views
Last post June 09, 2015, 10:46:02 PM
by hubag bohol
 

Booking.com

Latest Topics

Why dress well by MIKELIGALIG.com
[January 16, 2019, 07:22:51 PM]


Getting rid of cancer by MIKELIGALIG.com
[January 13, 2019, 11:33:52 AM]


FILIPINOS OF THE YEAR 2018 by islander
[January 12, 2019, 03:30:23 PM]


Insurance for tricycle passengers by MIKELIGALIG.com
[January 12, 2019, 01:32:30 AM]


Nanguyab-hidunggab sa inahan sa gipanguyaban by MIKELIGALIG.com
[January 11, 2019, 03:43:42 PM]


Anda founded on March 19, 1885 by MIKELIGALIG.com
[January 11, 2019, 01:00:06 AM]


Beach in Anda, Bohol by MIKELIGALIG.com
[January 11, 2019, 12:59:10 AM]


Cancer Treatment and other Health Tips by MIKELIGALIG.com
[January 11, 2019, 12:00:55 AM]


Happy New Year 2014 to Tubag Bohol denizens! by hubag bohol
[January 08, 2019, 10:41:18 PM]


Weird hairstyles... by hubag bohol
[January 08, 2019, 10:37:37 PM]

SMF spam blocked by CleanTalk
pCloud Premium
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2019, SimplePortal