Caveat Emptor.
Serves tham all right - its like nobody forces you to buy into slush fun investments, houses, fiver a day contracts etc - right ?
So if you get wide boys who make a lotta wonga cos them punters are not doing the old caveating emptoring then whats the problem with that ?
It just bizzinzz - innit.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: The hedge fund industry
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "The hedge fund industry"
Collapse
-
Thing is, stuff like this isn't so shocking any more.
When you think about it, how the whole fiat financial system works isn't too dissimilar. Banks lend at interest, which must be paid back using yet more created money.
Leave a comment:
-
Originally posted by AtW View Postsassy asked me for specific prediction some weeks ago, so I told him he won't be working in the city by the end of 2009. I am standing by it - don't ask me how and when you will die, I predict that you won't like the answer.
Leave a comment:
-
Originally posted by BrilloPad View PostHe makes so many and only remembers the few that come true.
Leave a comment:
-
Originally posted by thelace View PostTremont’s Rye Investment Management unit had $3.1 billion, virtually all the money the group managed, allocated to Madoff, said the person, who declined to be identified because the information is private.
So what exactly were these ****ers doing for their cut?
What suprises me is that they invested the whole lot, certainly an interesting approach to risk management. Putting $3 bln into something and not doing proper due diligence, crazy stuff really - that scammer's firm had been "audited" by 3 employee unknown "audit" firm, and nobody asked questions why he produced such consistent 10-12% pa income despite recessions etc.
Then again no, I am not suprised: essentially hedge funds are unregulated banks, an easy way to bypass regulation and engage in all sort of risky stuff. Much like PFI scam this was designed to be kept off books.
Leave a comment:
-
Originally posted by BrilloPad View PostI thought we were already on our knees?
Leave a comment:
-
Originally posted by thelace View PostTremont’s Rye Investment Management unit had $3.1 billion, virtually all the money the group managed, allocated to Madoff, said the person, who declined to be identified because the information is private.
So what exactly were these ****ers doing for their cut?
Trouble is, in this day and age, this could bring us all to our knees.
Leave a comment:
-
As they say, it's only when the tide goes out you can see who's been swimming naked.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: