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re: How will BR/LSU/TAF handle the Stanford crisis?
Posted on 2/19/09 at 10:34 pm to TippyTiger
Posted on 2/19/09 at 10:34 pm to TippyTiger
quote:
Some big fish will be fried but you will be shocked to find out big fish are usually told to get their money out earlier than joe blow.
You need to think about losing the conventional wisdom/talking points. Did you follow the Madoff situation? Some of the richest people in the world had their accounts go to zero. NOBODY got out.
1
Posted on 2/19/09 at 10:57 pm to Tiger JJ
quote:
Some big fish will be fried but you will be shocked to find out big fish are usually told to get their money out earlier than joe blow.
You need to think about losing the conventional wisdom/talking points. Did you follow the Madoff situation? Some of the richest people in the world had their accounts go to zero. NOBODY got out.
Even if some did get out and thus profit, the money they withdrew can be claimed as a result of a class action suit and spread around to all investors.
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