The News Review:
- The investment scam-artist’s playbook
- AIG Investment Could Conflict With Plans for Health Care Reform
- Australian Fourth-Quarter Company Investment Unexpectedly Gains
The investment scam-artist’s playbook
CNNMoney.com -
So far criminal charges haven’t been filed. Details in the Stanford case are still emerging and many differences have already become clear. Stanford Financial isn’t accused of running a Ponzi scheme only of advertising unrealistic returns and investing in riskier less-liquid instruments than advertised. Ironically the SEC says that Stanford lost at least $400000 with Madoff through feeder funds all while assuring investors that the firm wasn’t involved with Madoff. But there are also some startling similarities. And what emerges looks like a formula on how to get mixed up in a massive government fraud case. The key elements: ffer steady good returns.
AIG Investment Could Conflict With Plans for Health Care Reform
FXNews -
“If there’s no pre-existing conditions they’ll end up taking people who are sick and they don’t make money that way” Rodberg said. Rodberg whose group advocates a far more drastic health care overhaul than the administration has doubts about how far the White House will go in putting pressure on the insurance industry. But he said investing in AIG creates a disincentive for exposing such companies to more risk. The Wall Street Journal reported Tuesday that AIG is in talks with the administration to ease the terms of its bailout agreement. The article said AIG was planning to report a total loss topping $60 billion for the last quarter and that the company wants to repay some its debt by transferring assets to the government. AIG issued a brief statement saying it has not yet reported its fourth-quarter results and will provide a “complete update” soon. “We continue to work with the U.
Related from Insurancemonster: AIG Investment Could Conflict With Plans for Health Care Reform
Australian Fourth-Quarter Company Investment Unexpectedly Gains
Bloomberg -
26 (Bloomberg) — Australian business investmentunexpectedly rose in the fourth quarter supporting the centralbank?s view that the nation?s economy will outperform its peers. Capital spending climbed 6 percent from the previous threemonths when it gained a revised 1. 6 percent the Bureau ofStatistics said in Sydney today. The median estimate of 19economists surveyed by Bloomberg was for a 3 percent drop. Today?s report adds to signs some companies are stillexpanding their operations helping the economy grow even asrecessions deepen in Japan the U.