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failed_trad3r
Registered: Oct 2009
Posts: 1615 |
07-21-12 12:12 PM
Quote from dunleggin:
Evidence? Sources? Reports? Authority?
well i dont know myself but a short hedgefund manager called brontecapital said so. or so he believed i believe. or maybe it was some other source.
hong kong is not china. if a chinese lists on HK doesnt mean chinese is legit. there have been wellknown scams from China listed on HK. these two are worlds apart. HK is like singapore. In 2008 u had famous like ferrochina on singapore was a fraud and stuff. singapore regulators could not reach into china. HK regulators cant also.
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HurricaneUS
Registered: Aug 2008
Posts: 765 |
07-23-12 12:47 AM
Quote from failed_trad3r:
About half of the HK companies overstate something. Best to leave it alone.
people in glass houses shouldn't throw stones....
remember Peregrine Financial, MF Global, Bear Sterns.....should I continue?....
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Claudius
Registered: May 2006
Posts: 51 |
07-23-12 02:13 AM
Quote from HurricaneUS:
people in glass houses shouldn't throw stones....
remember Peregrine Financial, MF Global, Bear Sterns.....should I continue?....
If you want to become enormously wealthy by 'misappropriating' other people's money with minimal risk of ever going to jail, there are three good options:
1. Go into politics.
2. Go into investment banking.
3. Set up a US listing for a Chinese company.
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dunleggin
Registered: Jun 2004
Posts: 176 |
07-23-12 02:33 AM
Quote from HurricaneUS:
people in glass houses shouldn't throw stones....
remember Peregrine Financial, MF Global, Bear Sterns.....should I continue?....
Allow me to continue for you ... ..Enron, Worldcom, Tyco ...
Curiously, HK has not had an equivalent of any of these, nor a Madoff-type, in the same period...
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failed_trad3r
Registered: Oct 2009
Posts: 1615 |
07-23-12 02:29 PM
Quote from HurricaneUS:
people in glass houses shouldn't throw stones....
remember Peregrine Financial, MF Global, Bear Sterns.....should I continue?....
Quote from dunleggin:
Allow me to continue for you ... ..Enron, Worldcom, Tyco ...
Curiously, HK has not had an equivalent of any of these, nor a Madoff-type, in the same period...
Lol. You both are wrong.
Furthermore discovery of fraud is not a failure, it is a success. Not discovering fraud is a failure.
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