Stanford receiver finds liquidity crisis

[RichD]

Re: Dow below 7,000 on AIG, bank concerns

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">dem sey that is ever since Obama got the nomination (or it look like him was goin to get the nomination ) that the stock market tank </div></div>what else 'them' say?? </div></div> them sey that is the fear of tax increases and socialism dat keeping investors out of the market

[Dr.Dudd]

Re: Dow below 7,000 on AIG, bank concerns

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: jah yout</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">actually, 'they' did not ketch Madoff...he gave himself up because him could not fund di ponzi anymore , wid di financial meltdung dat was going awn wid him potential pool...

if peeps neva a lose dem money leff , right an centa, he would in all probability be still doing his ting, including bragging how him niece married to a SEC smaddy...

u should watch the piece 60 minutes did lass nite on the guy who tried an tried an tried an tried an tried to get him noticed by the SEC </div></div>

if anything this would make me more suspicious of gov't involvement/cover-up...if they didn't catch him after numerous whistle-blowers voicing concerns---
sorry this makes me trust them even less;
a tief dem did a tief people money </div></div> No government cover up was involved.
The government does not hjave any workers to check none of these rehulatory division. Same thing with FDA,same thing with every other of the regulatory branch of government. It is called <span style="font-weight: bold">small government</span> They say government is the problem. give the money back to the people and let them do what is best for the country.
The repiblican mantra. It is called <span style="font-size: 14pt"> Reaganomics.</span>

[Dr.Dudd]

Re: Dow below 7,000 on AIG, bank concerns

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">dem sey that is ever since Obama got the nomination (or it look like him was goin to get the nomination ) that the stock market tank </div></div>what else 'them' say?? </div></div> them sey that is the fear of tax increases and socialism dat keeping investors out of the market </div></div> So they are supposed to make a killing then? since they got our while the going was good.
you know I would never hear such statements. since I would never associate with people who think like that.

[evanovitch]

Re: Dow below 7,000 on AIG, bank concerns

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">dem sey that is ever since Obama got the nomination (or it look like him was goin to get the nomination ) that the stock market tank </div></div>what else 'them' say?? </div></div> them sey that is the fear of tax increases and socialism dat keeping investors out of the market </div></div>

well i tink is cause nuff a dem names deh pon dat 162 pager of Madoff's clients... but fret not, we printing more money to shore up dem deposits in Citi etc etc etc... an of course seeing dat USVI is a protectorate we wi print an shore up ova deh so too

di irony is dat none have anyting to seh about the fact dat di Bu****es lied about how bad things were...everyday is a new revelation ...

[RichD]

Re: Dow below 7,000 on AIG, bank concerns

ascording the them ..things only goign bad because of Obama...if he was to adopt reagen principle everything would be sweetness and light.

dem also saying that the administration is fueling the downturn so that they will be able to push thru their agenda

[evanovitch]

Re: Dow below 7,000 on AIG, bank concerns

funny how none of the Reagan policies dat have contributed to the crises di average person now faces, is neva discussed...but den is ongle rich people ha shows fi chat pon boat radio an tv, dont?

[Dr.Dudd]

Re: Dow below 7,000 on AIG, bank concerns

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">funny how none of the Reagan policies dat have contributed to the crises di average person now faces, is neva discussed...but den is ongle rich people ha shows fi chat pon boat radio an tv, dont? </div></div> he strangest thing is all thes epeople who are saying that they can't spend their way out of a recession. I want to know if they never heard of <span style="font-size: 14pt">The marshall plan </span>. That was a plan in which the USa loaned Western Europe and jaapan inough money to spend theiur way oiy of destruction, That was worse than arecession. Where are they? or they do not realize that is econ 102?

[evanovitch]

Antigua discovers more Stanford assets

Antigua discovers more Stanford assets

Just how much property does Texan billionaire Sir Allen Stanford own in Antigua and Barbuda?

The government thought it had knowledge of the full extent of his assets but now it may not be so sure.

The government says it has discovered that an additional 151 acres of land part-owned by Mr Stanford was not included in a resolution taken to Parliament at the end of February.

When Parliament approved the compulsory acquisition of about 250 acres of lands owned by Mr Stanford, the lands comprising two off-shore islands were not part of the package.

The authorities said they were not aware that the financier, who is accused of a $8bn fraud in the US, had bought the majority shares in an international business corporation which owned the islands.


Mr Stanford is said to have brought the assets for Guiana Island and Pelican Island, both off the country's north-east coast, for US$68 million and $17m respectively, last year.

The lands were previously owned by Malaysian investor Dato Tan Kay Hock who had purchased the property in the late 1990s but failed to develop a promised major tourism investment.

After coming to power in 2004, the Baldwin Spencer administration placed a caution on the lands and the matter is before the courts.

An international arbitration handed Dato Tan ownership but the government has appealed.

Both houses of Antigua and Barbuda's parliament approved the acquisition of the land before a US court appointed receiver Ralph Janvey moved to seize it.

The US Securities and Exchange Commission (SEC) has filed a civil complaint against Mr Stanford, two associates and three of his companies.

They are alleging that they misled investors who bought certificates of deposit from the bank.

A judge overseeing the civil fraud case authorised Mr Janvey, a Texas lawyer, to freeze the assets of the billionaire and his main companies as regulators pore over their finances.

That includes his businesses in Antigua and Barbuda, where Mr Stanford held citizenship.

Antiguan interests

His businesses there include two restaurants, a newspaper, cricket grounds, a development company, a three-branch local bank and the headquarters of his offshore bank.

Together they employ some 800 people making Mr Stanford the island's largest private employer.

According to 2008 United Nations figures, the total population of Antigua and Barbuda is 83,000.

&quot;We have to give ourselves a bargaining chip, so when the receivers come they have to deal with the government of Antigua and Barbuda,&quot; Prime Minister Baldwin Spencer said after the House of Representatives approved the seizure.

Opposition parliamentarians abstained from the vote in both houses.

The opposition had said the government should wait for more evidence of wrongdoing, and to see whether US authorities would file criminal charges against him.