Four Trillion Dollars Down The Drain....
A list of some individual losses by market capital between October 9, 2007 and September 12, 2008.
Citigroup: $236.7 billion to $97.8 billion.
Bank of America: $236.5 billion to $150.2 billion.
AIG: $179.8 billion to $32.3 billion
Goldman Sachs: $97.7 billion to $61.3 billion
American Express: $74.8 billion to $45 billion.
Morgan Stanley: $73.1 billion to $41.1 billion.
Fannie Mae: $64.8 billion to $700 million.
Merrill Lynch: $63.9 billion to $24.2 billion
Freddie Mac: $41.5 billion to $300 million.
Lehman Brothers: $34.4 billion to $2.5 billion.
Washington Mutual: $31.1 billion to $2.9 billion
(More at The New York Times )
Thursday, September 18, 2008
The magician with gold fingers
– Do you trust the magician with gold fingers, called yours Investment Advisor (IA) ?
– Do you trust The Expert that advises you on investment matters on a professional basis….???
By definition an investment advisor is considered to be acting in a fiduciary capacity on behalf of clients with a higher standard of disclosure and due care, a commitment to disclose, minimize and resolve conflicts of interest than would be found in a tradition securities brokerage environment. In addition, most IAs are compensated on a fee basis (usually as a percentage of assets under management) rather than a commission basis…
I was told that this was the master’s voice of independent and independent-minded advisers willing to serve as high educated financial slaves just to make me happy.
– Are you smiling today?
Probably not, but in a way I think you are… Take a step back and try to see that money is only money; You are still alive and happy to be part of a small wealthy part of the world.
Remember that Federal Reserve is protecting us and the world economy… and we are still happy to sleep under the shelter of a roof.
Wall Street and Wall Street Journal says “No End Yet in Sight for Financial Crisis”
– The financial crisis that began 13 months ago entered a new, far more serious phase as hopes that the damage could be contained have evaporated.
– Have you found the Investor's Shop ?
– Are you still listening to experts?
– Do you still trust the financial wizard, the magic man with fingers of gold ?
The games of money, the art of financial wizards is a future gift-giving with Unique Gifts designed just for you… Find just the right gift for that hard-to-please financial wizard! AND SMILE... !!!
– Can we trust Rating Institute any more ?
– Can we trust Moody's or Standard & Poors Investors Service ?
Do you trust Moody's Investor Service Credit Rating Guide or Standard & Poors Credit Rating Guide Today ?
(You can read more at Stevens Institute of Technology )
NO, NO, NO… It’s easy for a company to lose an AAA Bond Rating and easier for us to lose money listening to “good advices” from high educated financial wizard sometimes called Investment Advisor's !
It’s Time to Listen to Pete Seeger –
What Did You Learn in School today, Dear little boy of mine?
I learned that Washington never told a lie.
I learned that soldiers never die.
I learned that everybody's free,
And that's what the teacher said to me.
–
That's what I learned in school today,
That's what I learned in school.
I learned that soldiers never die.
I learned that everybody's free,
And that's what the teacher said to me.
–
That's what I learned in school today,
That's what I learned in school.
I dedicated this song to a teacher in French Polynesia that hopefully didn’t lose any money on AIG, Lehman Brothers or Merrill Lynch...
As a teacher and expert giving advises on a professional basis is it time to come to a decision and Make your own decisions !
Take Care !!!
Pete SeegerThursday, September 4, 2008
Mariza, la diva du Fado
Terra - A new album from Mariza
It’s a privilege to listen to Mariza and her new songs. Her music is a little bit different this time and the Fado has a touch of jazz embraced with Flamenco.
Is it a new type of Fado or a new Mariza ?
– Enjoy and listen to her performing her music, you will not be disappointed. If you prefer, you can always listen to Ó Gente da Minha Terra or Chuva they will probably still be favourites for many days.
Remember when you are listening to Ó Gente da Minha Terra (Oh People of My Land) that lyrics by Amália Rodrigues and music by Tiago Machado are more traditional Fado.
The album Terra (EMI) is produced by Javier Limon
and released in Europe, September 2008.
(Official Release date in Portugal and Spain 2008-06-30)
Tracklist:
1. Já Me Deixou
2. Minh’alma
3. Rosa Branca
4. Recurso
5. Beijo De Saudade
6. Voces Do Mar
7. Fronteira
8. Alfama
10. Alma De Vento
11. Se Eu Mandassa Nas Palavras
12. As Guitarras
13. Pequeñas Verdades
14. Morada Aberta
MarizaMariza at Cirque d’Hiver, Paris
Time for Mariza at Cirque d’Hiver, Paris:
2008-09-26, 20h30
2008-09-27, 20h30
2008-09-28, 16h30
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