Tuesday, July 21, 2009

sleeping on the job




first, the lehman brother: they did not expect it to fall. town councils invested in exotic structured product which they did not fully understood them and suffered great losses. including the ordinary investor who trusted our banks and in the end, were played out. dirty people.

then came the losses made by Taemasek holding when they sold BOa shares, which we could not understand what they are doing?

then came the private school which offered fake degrees in 2007 and closed down only two years later.

we asked ourselves: what are they doing in the first place?

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