Club 30's "Kill the Boredom Demon" Jive Pad,105th Edition
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Originally posted by cassie:
quite easy actually. you give the box to the SIA air crew and ask them to keep in their fridge. when you arrive, get it back from them. don't keep it in the luggage compartment - will probably turn squishy or gets knocked around. plus it'll still be chilled.
filing that away for future reference. ah, time to go grab lunch! -
Originally posted by elindra:
If you guys call my tank a tank of horrors
What do you call ppl who keep gars and feed them mice
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Originally posted by cassie:
needs to have head examined?
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Mmm...things to bring back from future trips: Finnish sinapi (mustard) and reindeer, Henderson's relish, Polish tomato soup and vodka, etc
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took one look at the food court and retreated to subway to get a sandwich instead
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i had kway teow soup with fishballs..
a change from fish soup
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I saw AV doing The Village People's YMCA on Angel's Facebook
Muahahhahahaha
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Originally posted by elindra:
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Originally posted by Master -_-:
Yr fish?They aren't the kind of fish I like though :P
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yeah.. those will be eaten quickly in her tank of horrors
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Originally posted by the Bear:
yeah.. those will be eaten quickly in her tank of horrors
I doubt itThey are kinda big for my Gulpers to eat
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Originally posted by elindra:
i like this!
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whoa, its 1+pm and the weather is still cool
good to listen to some chill music and play sudoku in the office
i'm off to the bed!
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Originally posted by kopiosatu:
whoa, its 1+pm and the weather is still cool
good to listen to some chill music and play sudoku in the office
i'm off to the bed!
sweet dreams -
some bank gave us a box of goodies from awfully chocolate....
Theres one log cake, 2 boxes of chocolate truffle and a bottle of wine.
My boss says later at 3pm, we gonna hv all those as tea-break...
Wine for tea-break....
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US pyramid fraud scam hits Europe's biggest bank
LONDON (AFP) - - Europe's biggest bank, HSBC, joined a list of top names in world finance admitting huge potential losses on Monday in a suspected pyramid fraud scam run by Wall Street figurehead Bernard Madoff.
Shares in Santander, the biggest bank in Spain and the second-largest in Europe after HSBC , plunged after the lender said it had an exposure of more than three billion dollars to Madoff Investment Securities in New York.British, French, Japanese and Spanish banks and funds said investments totalling billions of dollars (euros) could be wiped off their balance sheets by a scandal that is set to affect some of the richest people in the world.
"In the interests of clarity, HSBC confirms that it has provided financing to a small number of institutional clients who invested in funds with Madoff," London-based HSBC said in a statement.
"On the basis of information presently available, HSBC is of the view that the potential exposure under these financing transactions is in the region of one billion US dollars (740 million euros)."
Royal Bank of Scotland said it could lose about 400 million pounds (598 million dollars, 444 million euros) and two British investment funds announced potential losses in the hundreds of millions of dollars.
France's Natixis investment bank, already brought low by subprime losses, put its maximum exposure at 450 million euros (606 million dollars). Retail banking giant BNP Paribas revealed potential losses of 350 million euros.
Japanese financial giant Nomura said it could lose up to 303 million dollars and officials in South Korea said financial institutions there a total exposure of some 95 million dollars to Madoff's scandal-hit investment scheme.
Madoff, a 70-year-old Wall Street veteran, was arrested last Thursday.
He is alleged by US prosecutors to have confessed to defrauding investors of 50 billion dollars in a long-running scam that collapsed after clients asked for their money back as a result of the global financial crisis.
Banks have rushed to disclose potential losses in an apparent bid to avert any deepening of the suspicion which has frozen credit markets, and in stark contrast to reticence as the subprime mortgage crisis unfolded.
US authorities allege that Madoff delivered consistently strong returns to clients by secretly using the principal investment from new investors to pay out to other investors in the scheme in what is known as a "pyramid fraud".
The scheme apparently worked as long as he could attract new investors but seems to have unravelled when some of Madoff's clients asked to withdraw their investment -- only to discover that his seemingly brimming coffers were empty.
This fraud is also known as a "Ponzi scheme" after a 1920s US swindler from the 1920s, Charles Ponzi, who cheated thousands by promising returns of 40 percent through foreign exchange arbitration on international postage stamps.
British investment fund Bramdean Alternatives Limited, which revealed it had put about 31.2 million dollars in Madoff's company, said that the scandal raised "fundamental questions" about the American financial regulatory system.
"It is astonishing that this apparent fraud seems to have been continuing for so long, possibly for decades, while investors have continued to invest more money into the Madoff funds in good faith," the firm said in a statement.
Britain-based hedge fund manager Man Group said it had invested 360 million dollars in Madoff Securities. The fund said in a statement that "it appears that a systematic and comprehensive fraud may have been committed."
Property magnate Vincent Tchenguiz, one of Britain's richest people, was reported to be potentially affected to the tune of millions of pounds by the scam, which the Wall Street Journal says has also hit wealthy US investors.
Spain's El Pais newspaper reported that the country's second-biggest bank, BBVA, could lose hundreds of millions of euros in the scam. The report said "some managers put the figure at around 500 million."
French insurance giant Axa on Monday said that its potential losses were below 100 million euros and top banks Societe Generale and Credit Agricole each said that their exposure was under 10 million euros.
Italy's biggest bank, UniCredit, said that its exposure was around 75 million euros and that one of its investment unit may also have been indirectly affected. Banco Popolare said its exposure amounted to 68 million euros.
In Switzerland, Geneva private banks could lose up to five billion dollars (3.7 billion euros) in the scam, Swiss newspaper Le Temps reported, while private bank Reichmuth & Co said it may have lost 328 million dollars.
Sweden's Nordea banking group said its exposure was 48 million euros.
Germany's Deutsche Bank and Commerzbank have declined to comment on the effects of the Madoff scam. A spokesman for Commerzbank told AFP that there would be no comment on particular investments because of "banking secrecy."
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that's so nice
the cakes are really good to eat
i'm dozing off in the office
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Originally posted by zoragirl:
some bank gave us a box of goodies from awfully chocolate....
Theres one log cake, 2 boxes of chocolate truffle and a bottle of wine.
My boss says later at 3pm, we gonna hv all those as tea-break...
Wine for tea-break....
wah so generous! this year...we received nothing and we gave out nothing. times are hard. -
battling the zzz monsters now
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Originally posted by av98m:
battling the zzz monsters now
try doing the YMCA.. i'm sure you'll wake up -
Originally posted by the Bear:
try doing the YMCA.. i'm sure you'll wake up
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*me surfaces*
*breathes deeply*
Okay.... back to work. A day full of experiments today.
*dives back in*
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Ok~~ I forgot this Sat I have a X'mas gathering at my friend's place
OMG every single week I have a few dinners and stuff *faints*
Jialet jialet
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Originally posted by cassie:
wah so generous! this year...we received nothing and we gave out nothing. times are hard.this is the first year we recv something from bank...
in the past, the gifts were given to our Finance Dept instead of us - Accounting...
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being in the gabrament serbeece, we don't get anything