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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (45412)	1/17/2009 8:09:54 PM
From: Joe S Pack	1 Recommendation Read Replies (1) \| Respond to of 217786

It seems this Madoff character is systemic,cultural (as per CB) and much more deeper than what is coming out.... slowly. It looks like the whole Wallstreet is big scam but is marketed very efficiently. WALLSTREET = MADOFF = PONZY SCHEME. MADOFF'S MOM HAD STOCK-TRADING TROUBLES, TOO By ANDY SOLTIS The feds did manage to crack down on a suspicious Madoff business - when they drove Bernie's mother out of the stock-trading firm more than 40 years ago. Sylvia Madoff was targeted by securities watchdogs in 1963 for failing to file documents for the brokerage she allegedly ran out of her Queens home, Fortune.com reported yesterday. But the brokerage might have been a smokescreen to cover up a shady business run by Madoff's father, Ralph, who had his own tax troubles at the time. The Securities and Exchange Commission - now under fire for failing to detect Bernard Madoff's alleged mega-scam sooner - announced in August 1963 that it began a probe of 48 broker-dealers, including Sylvia Madoff, who were listed as running Gibraltar Securities of Laurelton, Queens, and another firm, Second Gibraltar Securities, also of Laurelton. Five months later, the SEC dropped its case against her, Second Gibraltar and several other firms in an apparent deal not to press charges if they got out of the business. "The firms conceded the violation," the SEC said. The brokerage may have been linked to the Madoff family's money trouble. At the time, the Queens home had tax liens of more than $13,000 for unpaid federal taxes owed by Ralph Madoff and three other people. Fortune suggested Ralph Madoff registered his own stock business in his wife's name because of his tax problems. Both of Bernard Madoff's parents died in the 1970s. Meanwhile, Bernard Madoff's brokerage, which is being sold to pay victims of his alleged $50 billion Ponzi scheme, may fetch no more than $10 million based on a profit report drawn up by investment bank Lazard Ltd. The business had earnings of just $1.12 million last year, according to the Lazard documents. nypost.com

To: TobagoJack who wrote (45412)	1/18/2009 3:04:23 AM
From: energyplay	Read Replies (1) \| Respond to of 217786

I haven't been to the new HK airport, but Kai Tak had some 'issues' (that being the code word major problems) like cross winds, not big enough, and one of the most exciting approach paths of any commercial airport. A minor problem with a large plane on a city approach (a flight of ducks from Peking ?) could have result in monumental tradgedy, taking out multiple appartment blocks, in addition to the plane. It looks like the new HK airport will be a long term, multi-generational asset. It isn't a bridge to nowhere. I'm afraid that HK won't make the cut for the stupid government of 2008 awards.