About Me
- ASH (Ashutosh Singh)
- Financial Advisor, GTA, Ontario, Canada
- Investment, Insurance, Tax & Estate Planning
Thursday, December 2, 2010
Madoff Trustee Charges JP Morgan With "Enabling" Massive Fraud
Madoff trustee charges JP Morgan with "Enabling" massive fraud; $1 billion in profits and $5.4 billion in damages sought to be recovered. Says JP Morgan had clear doubts about Madoff operation and should have been more vigilant about firm's cash flows.
http://www.bloomberg.com/news/2010-12-02/jpmorgan-sued-for-6-4-billion-over-madoff-fraud-by-liquidating-trustee.html
http://www.bloomberg.com/news/2010-12-02/jpmorgan-sued-for-6-4-billion-over-madoff-fraud-by-liquidating-trustee.html
David Tice: Gold should be at $6000/oz
David Tice: We are making it worse down the road, QE2 is counterfeit money, its debasing the currency & we will have inflation of more than 10%. We should let the economy cleans itself, more foreclosures got to happen, we have to go down before we go up.
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