Can't stay away from losers

Five major banks including Nomura Securities and BNP Paribas are holding the bag to the tune of $170 million by the same guy who took other banks like J.P.Morgan to the cleaners in 2008, a gentleman named Alberto Statti, the manager and sole employee of the London based company Invexstar. The company started trading bonds in 2014 and floundered in May of the same year when the record low interest rates of Yellen made it impossible to produce a profit. Translation? In their endless greed and rat race instinct to produce profits at any cost large banks have not learned how to manage risk, a failure that is about to keep being repeated by robbing investors while banks are protected by the governments and reimbursed for their losses, until someone like Sanders decides to let them go bankrupt and allow the market place to survive by supply and demand.

Comments

Popular posts from this blog

Your 1600 Update

Bibi1581 Blog For 9/13/2017: Morning Edition

Bibi1581 Blog 9/29/2017:ME