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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Nicholas Thompson who wrote (440518)12/14/2008 11:58:10 PM
From: tejek  Respond to of 1573221
 
Three European banks announce exposure to Madoff

MADRID (Reuters) - Three European banks on Sunday announced a total of about $3.8 billion in exposure to an investment fund run by Bernard Madoff, the U.S. investor accused of running a $50 billion "Ponzi" scheme.

The largest banks of both Spain and France, Santander (SAN.MC: Quote, Profile, Research, Stock Buzz) and BNP Paribas (BNPP.PA: Quote, Profile, Research, Stock Buzz), and Swiss private bank Reichmuth & Co became the latest parties to detail possible losses over investments made with Madoff, who was arrested in New York on Thursday in the alleged fraud.

Santander put its client exposure at over 2.33 billion euros ($3.09 billion). BNP Paribas said it could face a potential loss of 350 million euro from exposure to Madoff-linked investments. And Swiss private bank Reichmuth & Co said it had about 385 million Swiss francs at stake, around $325 million.

read more.........

reuters.com



To: Nicholas Thompson who wrote (440518)12/15/2008 8:13:22 AM
From: steve harris  Respond to of 1573221
 
lol

you know this how?



To: Nicholas Thompson who wrote (440518)12/16/2008 1:21:57 PM
From: LTK007  Respond to of 1573221
 
This says a lot:Cheney is HAPPY with Obama!!!

VP lauds Obama's choice of national security team
Tue Dec 16, 8:13 am ET
( I who had the honesty to BOYCOTT this election in this SHAM democracy on the basis The War Party controlled BOTH parties, and yes indeed Obama is proving to be just another imperialist/american exceptionalism pig, corporate owned power pig , just like Bush and Cheney.

i assume that all you Obamaites will remain LOYAL, you all being INNATE HYPOCRITES of the highest order, that are far more right wing than you pretend.

i dedicate this to Studs Terkel, now he had COURAGE and INTEGRITY.Max
)



WASHINGTON – Vice President Dick Cheney is calling President-elect Barack Obama's national security lineup "a pretty good team."

In a wide-ranging interview with ABC News with 35 days left in the Bush administration, Cheney also again vehemently defended going to war in Iraq, said waterboarding of suspects in the war on terror was justified in some instances and opposed closing the military prison at Guantanamo Bay, Cuba.

"I must say, I think it's a pretty good team," Cheney said of Obama's national security choices, in a segment of the interview broadcast Tuesday on "Good Morning America."

"I'm not close to Barack Obama, obviously, nor do I identify with him politically. He's a liberal. I'm a conservative," he said.

But the vice president also said he thinks "the idea of keeping (Bob) Gates at defense is excellent. I think (retired Gen.) Jim Jones will be very, very effective as the national security adviser."

And Cheney said that while "I would not have hired" Hillary Rodham Clinton to be secretary of state, "I think she's tough. She's smart, she works very hard and she may turn out to be just what President Obama needs."

Cheney also urged the incoming administration to "carefully assess the tools put in place to fight terror" and to not cast aside strategies he said worked for the current administration.

Of waterboarding, Cheney said it was an appropriate means of getting information from Khalid Sheikh Mohammed, the alleged mastermind behind the Sept. 11, 2001, terror attacks on the United States.

He said he is against closing the detention center at Guantanamo Bay, saying it can only be shut down responsibly once the war on terrorism has ended.

Asked when that might be, he replied, "Well, nobody knows. Nobody can specify that."

news.yahoo.com