Austrian Bank BAWAG and REFCO LOAN

Discussion in 'Wall St. News' started by Apex Capital, Oct 18, 2005.

  1. nassau


    that is exactly what the news is saying
    just banks,insurance companies, funds for the most part only got hurt...not the little guy

    The banks type of transactions is exactly why people get caught.
    Company had been around a long period, worldwide exposure, just gone public, large client base etc...

    only half true :mad:
    and is also very sad, not that I am caught but about how easily accoutants, lawyers, regulatory bodies are left off the hook for their accountability and responsibilities.
    In a lot of cases what ever response or road we choose will cost us money let alone the fact the ones we have to go to (lawyers/accountants/gov't bodies) are now the ones we put our hope and trust in to help us rectify their problem?