MSCI is removing the Russian stock index at zero, implicitly valuing the entire Russian equity market at nil. And it is correct.
Russian stocks are literally worth nothing.
"Gontran de Quillacq" Posts
Credit Suisse destroys evidence of oligarch yacht loans
Credit Suisse is taking advantage of the situation in Ukraine to eliminate evidence related to the Russian oligarchs’ tax evasion (money laundering?).
Russia’s Sberbank is defaulting in Europe
With massive withdrawals and no central bank to come to its rescue, Sberbank Europe is defaulting.
Its London-listed stock is down 70%. The holding is owned in majority by the Russian government.
No plan ever survives contact with the enemy. Right, Vlad?
Putin’s blitzkrieg plans for a regime change have met an efficient defense. He lacks air superiority and his logistics are deficient. His panzers have stopped. Most cities are under Ukrainian control. Meanwhile, international sanctions are swifter and much heavier than expected. He has protesters at home.
Did he get into an expensive quagmire?
The world’s dirtiest money, welcomed by Credit Suisse. Again.
A major leak has just revealed the details of 18,000 private accounts and $100 billion held at Credit Suisse.
The owners include the Who’s Who of corrupt politicians, money launderers, and warmongers.
“How many rogue bankers do you need to have before you start having a rogue bank?”
If Putin wanted peace, we would have it by now.
If Putin wanted peace, we would have it by now.
Instead…
Another Ponzi style – Movie production
$700,000 on decorating, $345,000 on jets and yachts, $136,000 on casinos and nightclubs, $6.9 m in credit card payments…
The licensing rights didn’t exist. It was a movie rights Ponzi scheme. $690 millions of it.
As usual, many victims are middle-class and retirees, who are now in dire need.
A Fault at FINRA?
“It’s unconscionable that FINRA would stack the deck against American investors”, says PIABA, the plaintiff attorney association.
A judge has excoriated FINRA for having helped Wells Fargo manipulate the arbitrator selection, and letting the arbitration panel take away a plaintiff’s due process.
The trumpets of war are blaring
The trumpets of a Ukrainian conflict are sounding loud and clear. War is at our doorstep.
Here is the situation update, the possible outcome and the likely impact.
The hidden $11 Tn hedge fund industry
$11 Trillions worth of hedge funds, half the industry, is barely disclosing any information to the general public. The SEC, which already has valuable information on this well-performing universe, is requesting more disclosure in their Forms PF.
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