Chris Cantell Discusses Lawsuits: Pobednici i gubitnici by Zivka Deleva

Ne znam koj go kažal ova, no znam deka bil vo pravo: "Koga ste siromašen, ste sreken. Zatoa što nemate što da vi bide ukradeno." Ponekogaš mi e smešno koga sfakam deka gledame na pitačite i bezdomnicite so takvo sožaluvanje, kako tie da se najnesreknite i najtažnite luge na svetot. Poradi faktot deka tie nemaat stan ili kuka, dobar avtomobil, čista i ubava obleka koja ke gi napravi malku povredni. Problemot e vo toa što nie nikogaš ne sme bile na drugata strana od mostot. Sé ušte gledame na našiot život od naša gledna točka i togaš ne možeme da razbereme. Samo čovek bez skršena para znae deka ne e takva katastrofa (osobeno ovie denovi) da se živee bez pari. Nikogaš ne znaete koj ili koga nekoj ke ve oslobodi od niv. Finansiskata kriza vo SAD dojde i se raširi vo ostanatiot del od svetot kako čuma. Ne bevme podgotveni zatoa što bevme naviknati deka nie i našite pari se bezbedni. A što sega? E pa, denes gi broime našite pari sekojdnevno, samo da potvrdime deka nieden od našite skapoceni dolari ne isčeznal. Se mislime dva pati što da napravime so našite posledni dolari, kade da gi investirame, ne sakame da završime na ulica na krajot od mesecot, neli? Nie sme samo zagriženi za sé, pa duri i za vremeto. Bezdomnicite nemaat takov problem. Tie nemaat ništo da izgubat, i pokraj toa što zvuči pomalku kliše i morničavo, tie se slobodni.

Koga zboruvame za pari, potrebno e da sfatime deka sekogaš ima razni igrači - pobednici i gubitnici. Vo prvata grupa može da gi vklučime golemite banki i korporacii kako Merrill Lznch and Co., Goldman Sachs Group Inc. ili Wachovia Corp. Ovie kompanii rabotat so golemi pari, tie gi investiraat, samo si igraat so razni obezbeduvanja koi pokrivaat navistina golemi vrednosti. I ima i gubitnici - obično mali banki koi se dovolno glupavi da veruvaat na bankarskite službenici poveke od na sopstvenite ženi. I pokraj toa što ovie dve grupi se kompletno različni tie imaat edna zaednička rabota - tie sakaat poveke pari. Posle ekonomskiot krah vo SAD site gubea i site se obiduvaa da izlezat od kalta. I se čini deka bankite povtorno najdoa dobar način kako da go storat toa. Veke spomenatite korporacii prodavaa nekoi od nivnite obezbeduvanja na investitorite so golema nominalna vrednost, no sega tie treba da se soočat so istragata za toa dali tie pogrešno gi navele investitorite na aukciskata stapka ili ne. Dodeka ima golema zakana tie ke treba da se soočat so tužba od NY za koja ke treba da vetat deka tie povtorno ke gi otkupat obezbeduvanjata po istata stapka po koja gi prodale na nivnite klienti. Kancelarijata na glavniot obvinitel misli deka e nesoodvetno isplanirano dosega. Wachovia veti deka ke si gi otkupi nazad obezbeduvanjata so vrednost od 8,5 bilioni dolari, Citigroup, UBS AG, JPMorgan Chase and Co i Morgan Stanley se soglasija povtorno da gi otkupat obezbeduvanjata po cena od 32,6 bilioni dolari. Parite se vrtat i tie gi menuvaat sopstvenicite postojano i nikogaš ne možete da bidete sigurni koga ke gi izgubite site.

related story: http://news.yahoo.com/s/ap/20080815/ap_on_bi_ge/banks_auction_rate_securities;_ylt=AizqLbdrGJBUsaT_TpKr1yis0NUE

by Zivka Deleva for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>



posted by Lucia Adamova

Winners or losers by Barbora Misakova

I don't know who said it, but I know he was right: “When you are poor, you are lucky. Cos you have nothing what could be stolen.” It is sometimes funny for me when I realize that we are looking at beggars and homeless people with such a pity, like they were the most unhappy and unlucky people in the world. Like the fact they don't have a flat or house, good car, pretty and clean clothes make them less worthy. The problem is that we have never been on their side of a bridge. We are still looking at our life from our point of view and then we can never understand it clearly. Only a man without single penny knows it is not such a catastrophe (especially these days) to live without money. You really never know who and when will relieve you of them. Financial crisis in the U.S. came and spread on the rest of the world just like the plague. We weren't prepared because we were just used we and our money are safe. And what about today? Well, today we are counting our money every day, just to verify none of our precious dollars didn't disappear. We are thinking twice what to do with our last dollar, where to invest it – we don't want to end up on the street at the end of a month, do we? We are just worried about everything, even about the weather. Homeless don't have such a problems. They have nothing to lose, and even though it sounds a bit cliché and creepy, they are free.

When we are talking about money, it is necessary to realize there are always two types of players – winners and losers. Into the first group we can include especially big banks and corporations such as Merrill Lynch & Co., Goldman Sachs Group Inc. or Wachovia Corp. These companies are working with big bucks of money, they are investing them, they are just playing with various kind of securities which cover really big values. And then there are losers – usually the small bank clients which are stupid enough to believe the bank clerks more than their wives. And even though these two groups are totally different they have one thing in common – they want more money. After the economic break down in the U.S. everyone was loosing and everyone was trying to get out of this mud. And it seems that banks found again a good way how to do it. Already mentioned corporations were selling some of their securities to the investors in big nominal values, but now they have to face investigation whether they misled investors in the auction-rate securities market or not. While there is a big threat they will have to face NY lawsuit they are promising to repurchase auction-rate securities from their customers. The attorney general's office thinks it is “woefully inadequate” plan though. Wachovia promised to buy back $8.5 billion of the securities, Citigroup, UBS AG, JPMorgan Chase & Co and Morgan Stanley agreed to repurchase $32.6 billion in auction-rate securities. Money are spinning and changing its owner constantly and you can never be sure when you will loose all of them.

related story: http://news.yahoo.com/s/ap/20080815/ap_on_bi_ge/banks_auction_rate_securities;_ylt=AizqLbdrGJBUsaT_TpKr1yis0NUE

by Barbora Misakova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>

edited by Beata Biskova

Chris Cantell Discusses Lawsuits: Víťazi či porazení by Barbora Misakova

Neviem presne kto to povedal, ale teraz už viem, že mal pravdu: “Ak si chudobný, máš šťastie. Nemáš totiž nič, čo by sa ti dalo ukradnúť.” Niekedy mi to príde viac ako smiešne, keď si uvedomím, s akou obrovskou lútosťou sa pozeráme na žobrákov a bezdomovcov. Akokeby to boli tí najnešťastnejší ľudia na svete. Ako keby fakt, že nemajú byt alebo dom, dobré auto, či pekné a čisté oblečenie ich robilo menej cennými. Problém je, že sme nikdy neboli na ich mieste. Stále sa pozeráme na svet a naše životy z nášho pohľadu, ale takto ich nikdy nebudeme celkom chápať a vlastniť. Len človek bez jediného haliera vie, že život bez peňazí nie je žiadna katastrófa (najmä v týchto dňoch). Naozaj nikdy neviete, kto a kedy vás oberie o vaše posledné peniaze. Finančná kríza v USA prišla a rozšírila sa po celom svete ako kedysi mor. Neboli sme na ňu pripravení, pretože sme dovtedy boli zvyknutí na to, že my aj naše peniaze sú v bezpečí. A ako je to dnes? Nuž, tak dnes rátame svoje peniaze každý deň, len aby sme si overili, či sa náhodou nestratila nejaká tá drahocenná minca či bankovka. Dvakrát si radšej rozmyslíme čo urobíme s poslednou korunou, kam ju investujeme – veď sa predsa nechceme na konci mesiaca ocitnúť na ulici, že áno? Jednoducho sme chytení do pasce a obávame sa každej maličkosti akou je dokonca aj zmena počasia. Bezdomovci veru takýto problém nemajú. Nemajú totiž nič, o čo by mohli prísť, a hoci to znie ako klišé, sú oveľa slobodnejší než my.

Keď už hovoríme o tých peniazoch, je potrebné si ešte uvedomiť, že vždy existujú dva typy hráčov – víťazi a porazení. Do prvej skupiny by sme mohli zaradiť rôzne bankové a nebankové subjekty a korporácie ako napríklad Merrill Lynch a spol., Goldman Sachs Group Inc. alebo Wachoviu. Tieto spoločnosti pracujú s veľkými balíkmi peňazí, investujú ich a takpovediac sa hrajú s rôznymi cennými papiermi, ktoré kryjú veľké čiastky. Nuž a potom sú tu porazení – obyčajne malí bankoví klienti, ktorí sú až príliš hlúpi na to, aby dôverovali svojej žene viac ako bankérom. A hoci sa tieto dve skupiny odlišujú, preda len majú jednu vec spoločnú – obe idu po peniazoch. Po tom, ako sa ekonomika v USA zložila, každý sa snažil vyhrabať z problémov a dostať sa z toho bahna. Zdá sa, že to boli opäť banky, ktoré našli výhodný spôsob, ako to urobiť, hoci je viac ako možné, že tentoraz budú ony tími porazeními. Už spomínané korporácie totiž začali vo veľkom predávať cenné papiere s vysokými nominálnymi hodnotami. Teraz však musia čeliť vyšetrovaniu, ktoré má zistiť, či náhodou nepostupovali protizákonne a nezávádzali svojich klientov pri odkupovaní týchto cenných papierov. Kým nad nimi vysí hrozba súdneho procesu, všetky korporácie sľubujú následné znovuodkúpenie cenín od klientov. Generálna prokuratúra však považuje tento krok za veľmi neadekvátny a biedny plán. Kým Wachovia prisľúbila odkúpiť ceniny v hodnote 8.5 bilióna dolárov, Citigroup, UBS AG, JPMorgan Chase a spol. A Morgan Stanlez súhlasili s odkúpením cenných papierov v hodnote 32.6 bilióna dolárov. Nuž, peniaze sa točia a neustále menia svojich majiteľov, a tak veru nikdy nemôžete vedieť, kedy stratíte tie svoje.

related story: http://news.yahoo.com/s/ap/20080815/ap_on_bi_ge/banks_auction_rate_securities;_ylt=AizqLbdrGJBUsaT_TpKr1yis0NUE

by Barbora Misakova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>

edited by Beata Biskova

Chris Cantell Discusses Lawsuits: Nemecký kvázi Facebook si na seba privodil hnev Facebooku by Radka Konkolova

Najväčšie a asi aj najsilnejšie stránky internetu, ktoré spájajú ľudí z celého sveta, majú nového konkurenta. Myslím, že to by nebolo nič nezvyčajné, ale Facebook nemôže vystáť fakt, že táto nová stránka kopíruje originál, teda Facebook.

Na spresnenie, vo Frankfurte bola vytvorená takáto „sieťujúca“ stránka určená žiakom, študentom, ale aj ostatným. Ani toto by nebolo nič špeciálne. Ale problém je, že traja „výmyselníci“, ktorí túto stránku vytvorili a zrealizovali tento plán, boli príliš inšpirovaní grafikou, vlastnosťami a dizajnom, ktorý má Facebook. Pretože studiVZ (www.studivz.net), ktorá bola uvedená v októbri 2005, má presne taký istý výzor ako aj Facebook. Iba farba stránky je iná.

Ehssan Dariani, zakladateľ tejto stránky, musí vážne zbožňovať Facebook. A pretože v Nemecku neexistovala takáto stránka, lebo Facebook nemeckú verziu spustil až v marci tohto roka, rozhodol sa, že spraví svoju vlastnú a nezáležalo mu na tom, že bude takmer rovnaká ako originál.

Vyzerá to tak, že studiVZ je medzi mladými ľuďmi naozaj veľmi obľúbená, pretože podľa údajov zo samotnej stránky, už teraz sú jej členmi ľudia z Nemecka, Rakúska a Švajčiarska, ktorých je okolo 10 miliónov a každým týždňom sa toto číslo zvyšuje o niekoľko tisíciek. Ale pravdou je, že napriek popularite a úspechu tejto stránky, stále musí zdieľať negatívne postoje „súkromím uvedomelého“ Nemecka.

Ľudia, ktorí investovali svoje peniaze do Facebook sú proti poskytovaniu služieb od tejto stránky. Myslím studiVZ. Ale tí, ktorí investovali do rozvoja studiVZ, dúfajú, že sa bude naďalej rozširovať jej pole pôsobnosti a dosiahne nový cieľ, ktorý zahŕňa získavanie stále nových členov a väčšej obľúbenosti medzi ľuďmi možno aj z iných krajín.

Ale tiež je pravdou, že Facebook je pár rokov pred studiVZ. Ale napriek tomu sa musí ďalej rozvíjať a zlepšovať svoje vlastnosti a možnosti pre svojich členov. To sa ale môže čoskoro zmeniť. Závisí to na vývojároch a ich nových nápadoch a na ľuďoch, ktorí sa rozhodujú, ktorá z týchto stránok je lepšia a ktorú si vyberú na vyjadrenie sa a zdieľanie svojich životov s virtuálnymi priateľmi...

related story: http://news.yahoo.com/s/nm/20080723/tc_nm/studivz_facebook_dc;_ylt=AlWnvWSLOMFE46ojywpUutis0NUE

by Radka Konkolova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>
posted by Lucia Adamova

2 Former Bear Stearns Managers Face 20 years of Jail For Fraud Conspiracy! by Milota Sidorova

American FBI has finally pulled in to the massive investigation lightening fraud conspiracies behind the subprime mortgage crisis, that knocked out the majority of world's financial world. According the latest press, Justice Department in Washinghton has decided to start trial against more than four hundred charge-sheets having their fingers in the fat fraud pie, spreading out from Wall Street crashing down hundreds of misinformed investors.

Most of them were arrested during Wednesday and Thursday. However, media pressure strikes the case of two former Bear Stearns hedge managers. Ralph Cioffi, 52 and Matthew Tannin, 46 have been charged from concealing informations to investors and premediated fraud conspiracy.
Their continuously misstatement of income and assets, forged documentation, inflated appraisals and misrepresentation of buyer's intent to occupy property as primary residence led into loss of investor's at least $1,8 billion. Although, they did know the true.
Once again and shortly enough! Knowing the market crisis is about to fall, they advised and encouraged investors to put and extend hedge funds. Tannin himself, put his $2 million put of troubled fund and separated it without telling investment's group.

Both men face almost 20 years in prison. This morning they has been released on bond, accompanied their wives, making no official statement. The trial will begin 18th July.

Returning to Bear Stearns, New York based global investment banks, securities trading and brokerage firms declared to be badly damaged by the credit crisis in 2007. Just before the collapse in mid-year, it had more than $20 billion in assets. Whereas the corporation had been drowning till March 2008, the only one solution was buy out. JP Morgan Chase bought it for 10 dollars per share, a price far bellow its original value.

Cioffi and Tannin have been detected and charged due a series of proving internal e-mail communication.E-mail correspondence was the key evidence pleading guilty in the case of Credit Suisse Group banker Frank Quattrone, stock analysts Jack Grubman and Henry Blodget.

You are not guilty, until we prove you are guilty. That's how the famous American trial law works. However Cioffi's and Tannin's defenders loudly speak out, naïve arguments. It has happened to the whole world, so why do you accuse just our clients?

Smells like an expired fish tin to me.

related story: http://news.yahoo.com/s/ap/20080619/ap_on_bi_ge/bear_stearns_investigation;_ylt=ArSxUZ62.7rZzGjMvGJilz6s0NUE

by Milota Sidorova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>
posted by Lucia Adamova

Mortgage Fraud exposed by Claudia Sonea

It is for no surprise that US is facing a housing crisis since last year that is worsening day by day. Everyone talked about solutions and the effects of the crisis, but few people talked about the real causes of it. Finally the Justice Department makes its work public at a news conference in Washington as part of the preparation for asking the Congress more money to fund its combat against collar crime and violent crime.
In the last few months there have been investigated 1406 people in the “Operation Malicious Mortgage" that tracks down mortgage fraud at a national level considered being responsible of the present housing crisis. Since March there were discovered 144 cases across the country and over 400 real estate agents and manager have been indicted. Only yesterday 60 people were arrested in Miami, Chicago and other regions, including New York where two former Bear Stearns managers become the first executives charged of such crimes.
The types of fraud were related to false statements of assets, forged documents, and others. The Treasury Department's Financial Crimes Enforcement Network announced that the reports of fraud coming from banks are 10 times higher than what it was in 2001 or 2002, while the FBI estimated for the homeowners and other borrowers’ loss to surpass $1 billion.
As it is, US residents should feel more at peace with themselves because at least the Justice Department functions well. However, the indictment of those who are responsible for the housing crisis won’t actually bring a saving solution. The focus should be on that too.



related story: http://news.yahoo.com/s/ap/20080619/ap_on_go_ca_st_pe/mortgage_fraud;_ylt=AkKBz310oVnArmVzNMNBIHGs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>
posted by Lucia Adamova