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re: New Olympus CEO fired after raising questions on $1.5B in hidden losses
Posted on 11/8/11 at 4:18 pm to kfizzle85
Posted on 11/8/11 at 4:18 pm to kfizzle85
quote:
What the frick does this mean?
Have to read through all this shite again tomorrow, it is f'n bizarre. Things like this, MF Global, all the fraudulent Chinese reverse mergers plus all the other uncovered bombs out there, makes one really question investing these days. How about the Dynergy sub creditor cram down today, I mean who do you really trust? Investing in international and/or emerging small cap ETFs, how many companies in them are legit?
2
Posted on 11/8/11 at 4:40 pm to tirebiter
Don't disagree, but this seems like its a long-running (it said 1990s) and almost cultural issue (refer to link). Still waiting to see if MF actually jacked customer funds, investing in MF itself, well, there's no fraud there. Being someone who relies on fundamentals, my biggest gripe with international investing is definitely the reliability of the fins. You can't diversify away a lax/non-existent/openly corrupt regulatory environment such that exists to a large degree in those international areas.
Posted on 11/8/11 at 5:12 pm to tirebiter
quote:
Have to read through all this shite again tomorrow, it is f'n bizarre. Things like this, MF Global, all the fraudulent Chinese reverse mergers plus all the other uncovered bombs out there, makes one really question investing these days. How about the Dynergy sub creditor cram down today, I mean who do you really trust? Investing in international and/or emerging small cap ETFs, how many companies in them are legit?
It's one reason I like direct RE deals with current cashflow.
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