After the powers that be decided there was no evidence linking her to her husband’s crimes, Ruth Madoff is off the criminal proceedings…
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Posted by Ben Beaumont-Thomas in Hot Money | July 30, 2009 12:00PM | 3 Comments »
We recently looked at the annual report from UKFI, the company set up in a wee corner of the Treasury to look after…
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Posted by Ben Beaumont-Thomas in Hot Money | July 29, 2009 10:48AM | 1 Comment »
While little banks in one horse towns keep going to the wall, and others enjoy profits large enough for your brain to not really comprehend…
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Posted by Ben Beaumont-Thomas in Hot Money | July 27, 2009 11:35AM | 3 Comments »
It seems like only yesterday that Goldman Sachs was announcing its first quarter profits to an aghast world, and since then they’ve been…
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Posted by Ben Beaumont-Thomas in Hot Money | July 15, 2009 12:08PM | 1 Comment »
UKFI stands for UK Financial Investments, and it’s effectively a 9-person fund management company shacked up in the Treasury. After the government took out stakes…
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Posted by Ben Beaumont-Thomas in Hot Money | July 14, 2009 11:44AM | No Comments »
With its inept former board, massive losses, and harbouring of tax evaders, UBS is the uncoolest thing about Switzerland after Nazi gold and Lewis Hamilton.…
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Posted by Ben Beaumont-Thomas in Hot Money | July 13, 2009 11:09AM | 2 Comments »
There’s been bickering between grown men, there’s been political point-scoring, there’s been glimpses into a world so bureaucratically labyrinthine that it’s no wonder the world’s…
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Posted by Ben Beaumont-Thomas in Hot Money | July 9, 2009 11:42AM | 1 Comment »
The Allen Stanford saga just gets better and better. The orange cricket fan was good comedy value before the scandal hit, with his…
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Posted by Ben Beaumont-Thomas in Hot Money | July 8, 2009 10:59AM | No Comments »
It looked for a while there like the banking world might be forced into the totally boring world of responsibility and safety, thanks to…
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Posted by Ben Beaumont-Thomas in Hot Money | July 6, 2009 12:33PM | 1 Comment »
Since the Madoff story broke, his wife Ruth presumably hasn’t been able to go anywhere without groups of her friends quickly winding up hushed conversations…
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Posted by Ben Beaumont-Thomas in Hot Money | July 2, 2009 11:02AM | No Comments »
Yesterday, Bernard Madoff – Diet Coke drinker, Neil Diamond fan and $65bn fraudster – was given a life sentence for orchestrating the giant Ponzi scheme…
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Posted by Ben Beaumont-Thomas in Hot Money | June 30, 2009 11:10AM | 1 Comment »