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breezy

BANKERS BANKERS BANKERS !!!

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Err...just a hunch, but is there any plausibility in thinking above situation in Argentina being created artificially for someone who wants to take control of Argentina to move in, calling it a help...? A chance to go pick up big listing on their local stock market really cheaply, too, isn't it?? 

Argentina being a stepping stone to Antarctica, I just wondered.....

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Wiped-Out Hedge Fund Manager Confessed His Losses on YouTube

Nov. 19/20, 2018          Marvin G Perez , Isis Almeida , and Naureen S Malik

 

"It looks like the hedge-fund equivalent of a hostage video.

James Cordier, in a dark suit, cuff links and expensive-looking watch, sits in a brown leather chair and stares into a camera, his hands folded in front of him.

Then he delivers the bad news.

His voice near-breaking at times, the hedge fund manager employs nautical terms to tell his clients in a roundabout way that he’s lost all of their money -- in the neighborhood of $150 million, according to one estimate.
 

It looks like the hedge-fund equivalent of a hostage video.

James Cordier, in a dark suit, cuff links and expensive-looking watch, sits in a brown leather chair and stares into a camera, his hands folded in front of him.

Then he delivers the bad news.

His voice near-breaking at times, the hedge fund manager employs nautical terms to tell his clients in a roundabout way that he’s lost all of their money -- in the neighborhood of $150 million, according to one estimate.

In a 10-minute video posted on YouTube, Cordier says his clients are like "family." But now, blaming a "rogue wave" in the natural gas market, Cordier says he had "capsized the boat," that he had failed to "steer your investment like a boat" and was unable to keep "her afloat."

Recent gyrations in the natural gas and oil markets "likely cost me my hedge fund," he said of his Tampa-based Optionsellers.com.

The collapse is a stunning turnabout for Cordier, who literally co-authored a book on the topic, "The Complete Guide to Option Selling.” In May, perhaps foreseeing trouble, he wrote an article in Futures magazine about the perils of trading in the gas market."

snip

https://www.bloomberg.com/news/articles/2018-11-19/hedge-fund-s-accounts-liquidated-amid-energy-market-volatility

OptionSellers.com / James Cordier - Full apology video

 

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WoooHooooooooooo!!!!!!!!!!!!!!!

W━━E━━L━━ ヽ(゚∀゚)ノ ━C━━O━━M━━E!!

( *^^)o∀*∀o(^^* )

( ゜∇゜)Y⌒Y⌒Y⌒Y⌒Y⌒Y⌒Y(。△。 )

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Mozambique: Portuguese Software Provider 'Blackmailing' Mozambique

https://allafrica.com/stories/201811190184.html

Mozambique: Electronic Banking Crisis in Fourth Day

https://allafrica.com/stories/201811200083.html

Mozambique banks in a crisis over debt standoff

https://www.theeastafrican.co.ke/news/africa/Mozambique-banks-in-a-crisis-over-debt-standoff/4552902-4861910-3clops/index.html

https://www.imf.org/publications/weo

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Deutsche Bank's Long, Long List of Crimes!! (Bix Weir)

 

Tx Neocharm

William Black – Deutsche Bank Crime Weakens Global Financial System

 

 

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Deutsche Bank, Credit Suisse Targeted by EU Bond Probe

Dec. 20, 2018          Aoife White , Steven Arons , and Jan-Henrik Foerster

"Deutsche Bank AG, Credit Suisse Group AG and Credit Agricole SA were targeted by a European Union probe into a suspected cartel for sovereign-bond trading.

The European Commission sent the banks antitrust complaints, saying they may have exchanged "commercially sensitive information and coordinated on prices" on trading of U.S. dollar supra-sovereign, sovereign and agency bonds via online chatrooms between 2009 and 2015.

Deutsche Bank said it cooperated with regulators and doesn’t expect a fine. Credit Suisse said it’s assisting the EU. Credit Agricole confirmed it received the EU’s statement of objections and would respond to it. Bank of America Corp. is also targeted by the probe, two people said on condition of anonymity.

While the EU’s powerful antitrust arm often lags far behind financial authorities in the U.S. and the U.K. in punishing collusion between traders, its fines can sting. The EU issued its first penalties -- initially worth about $2 billion -- in Libor and Euribor cases as part of a multi-bank settlement in 2016. The commission is also wrapping up a probe into currency-market manipulation."

snip

https://www.bloomberg.com/news/articles/2018-12-20/four-banks-targeted-by-eu-antitrust-objections-over-ssa-bonds

https://finance.yahoo.com/quote/DB?p=DB&.tsrc=fin-srch

 

 

 

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