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To: TobagoJack who wrote (45138)1/23/2004 3:02:18 AM
From: elmatador  Respond to of 74559
 
Jay the day I was In Nova Scotia and I read the news saying the Bank of Nova Scotia had performed badly due to its exposure to Brazil was one of these "Open Sesame!" that I have had throughout my life.

To pillage form inside you just need a scape goat to hide your pillage -and in most of the cases ones incompetence.

A SARS here. An avian flu there, (Ericsson even blame a fire in an Albuquerque New Mexico!!!) and one can hide his incompetence and do a nice looting form inside nicely.



To: TobagoJack who wrote (45138)1/23/2004 3:07:51 AM
From: elmatador  Respond to of 74559
 
"Open Sesame!" is how call when I made a discover about some issue that's fed to the populace to extort money from them, keep them in the dark of pull the wool over their eyes.

The day I discovered that Inflation is a tax in poor, is one that rank mostly!, mind you I come form galloping inflationary Brazil, so this was very important.

I decide that I didn't want to be poor and I would need to make money. Being lazy, I decide to it honestly rather than disonestly, which takes a lot of work and is pretty discomfortable at times.

Here in BBR I tell some "Open Sesame!" to the readers so that they open their eyes.



To: TobagoJack who wrote (45138)1/23/2004 5:04:50 PM
From: pezz  Read Replies (3) | Respond to of 74559
 
Today's report sold the rest of my CAMT for 5.74 paid 4.2875 bought another trench of DPW @ 1.80 new average 1.90....What an ugly week! Everything I sold went up and everything I didn't sell went Down!...I wuz the lootee this week..8^(



To: TobagoJack who wrote (45138)1/23/2004 7:34:52 PM
From: elmatador  Read Replies (1) | Respond to of 74559
 
Parmalat employee dies in bridge plunge

This is a typical archive burning operation!
news.ft.com

By Mark Nicholson in Milan
Published: January 23 2004 15:20 | Last Updated: January 23 2004 18:10


An employee in Parmalat's finance department fell to his death from a bridge on Friday in what police said was suicide.

<<The guy had been questioned already, but was scheduled to be questioned once gain. He should have said he sufferes from amnesia and he couldn't recall a thing!!!!>>>

A source familiar with the investigation said Alessandro Bassi worked with two former finance directors of the food group, Fausto Tonna and Luciano Del Soldato, both of whom are among 11 people under arrest.

Meanwhile, Milan magistrates have quizzed Calisto Tanzi, Parmalat's former chairman, at his hospital bedside as Deutsche Bank became the latest foreign institution to be caught up in the inquiry into fraud at the collapsed food group.

Mr Tanzi, 65, was moved to Milan's Fatebenefratelli hospital late on Thursday from San Vittore prison after complaining of tingling in his arms, a possible cardiac symptom. His lawyers have consistently claimed that he has suffered ill health since his arrest on December 27, and that he has had heart by-pass surgery.

Doctors allowed three investigators to resume their questioning at the hospital.

Deutsche Bank has confirmed that Italian finance police have searched its Milan offices in connection with the inquiry. A spokesman said the bank was "co-operating with all relevant authorities in Italy".

The search follows similar police visits and document seizures at the Milan offices of Morgan Stanley, the US investment bank, Nextra, the Italian fund manager which is part of Banca Intesa, Italy's biggest lender, and Standard & Poor's, the rating agency.

Francesco Greco, the Milan magistrate leading the investigation, clarified that neither Deutsche nor any other foreign bank was under official investigation.

Deutsche Bank led a €350m ($440m) bond issue for Parmalat last September, just over two months before the disastrous state of the food company's finances became public.

By the time the scandal broke, the bank had also accumulated a 5 per cent holding in Parmalat.

Separately, Spanish bank Santander Central Hispano revealed it had suffered an €87m exposure to Parmalat, but made provision in its 2003 accounts. The risks were split between Parmalat's parent company in Italy and units in Brazil and Portugal.

Italian magistrates have said that Parmalat deposited €250m in SCH's Cayman Islands subsidiary, though the funds have since been transferred from the account. A SCH spokesman said Italian officials had yet to contact the bank.

Additional reporting by Joshua Levitt in Madrid