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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (156032)	12/15/2008 9:59:42 AM
From: SiouxPal	Respond to of 361609

BERNIE MADOFF PONZI SCHEME: Victim List Grows The Bernie Madoff ponzi scheme is hitting both individual investors like Senator Frank Lautenberg, owners of the NY Mets and the Philadelphia Eagles as well as major markets throughout the world. Even one of Steven Spielberg's charities has been exposed to the Madoff scandal. Read the reports below: The AP writes about world markets affected by Madoff: Europe's stock markets rose modestly Monday amid renewed hopes for a U.S. auto sector bailout, but the gains were limited by worries about the exposure of financial institutions to an alleged $50 billion fraudulent investment scheme in the U.S. The FTSE 100 index of leading British shares was up 34.40 points, or 0.8 percent, at 4,314.75, while Germany's DAX was 72.11, or 1.6 percent, higher at 4,735.48. The CAC-40 in France rose 20.30 points, or 0.6 percent, to 3,233.90. Europe's indexes were underperforming those in Asia. Tokyo's Nikkei 225 index jumped 428.79 points, or 5.2 percent, to 8,664.66 points, and Hong Kong's benchmark Hang Seng index added 288.56, or 2 percent, to 15,046.95 points The Wall Street Journal writes about high profile individuals who were exposed to Madoff: Investigators dug through financial records at Bernard Madoff's investment firm as the list of victims of his alleged Ponzi scheme widened to include real-estate magnate Mortimer Zuckerman, the foundation of Nobel laureate Elie Wiesel, Sen. Frank Lautenberg and a charity of movie director Steven Spielberg. The scandal reverberated around the world, with banks including Spain's Grupo Santander and France's BNP Paribas saying on Sunday that their clients and shareholders together face billions of euros of losses. Monday morning in Tokyo, Nomura Holdings Inc. said its exposure to investments with Mr. Madoff totaled 27.5 billion yen ($302 million). A spokesman described ... Over the weekend, The New York Times reported more people involved, including the owners of the New York Mets. The list of prominent fraud victims grew as well. According to a person familiar with the business of the real estate and publishing magnate Mort Zuckerman, he is also on a list of victims that already included the owners of the New York Mets, a former owner of the Philadelphia Eagles and the chairman of GMAC. huffingtonpost.com

To: stockman_scott who wrote (156032)	12/15/2008 10:05:23 AM
From: SiouxPal	1 Recommendation Read Replies (2) \| Respond to of 361609

Yankees Sign Iraqi Hurler Andy Borowitz In their latest bid to beef up their pitching rotation for the 2009 season, the New York Yankees today signed Iraqi journalist Muntadar al-Zeidi to a three-year deal worth $32 million. The right-handed al-Zeidi, 28, impressed the Yankee scouts with his performance in Baghdad yesterday when he threw both of his shoes at President George W. Bush. While neither of the shoes hit their target, both throws "had great velocity and good movement," said Yankee owner Hank Steinbrenner. "The first shoe was high and outside but the second one was right down the middle," Mr. Steinbrenner said. The Yankee boss said that he was also impressed with Mr. al-Zeidi's fighting spirit when Secret Service agents tackled him. "That could come in handy when we have a series with Boston," he said. huffingtonpost.com