margin loans to directors, page-8

Hello Seamisty,
That is a big call..re similarities to Madoff.
If you understand the transactions and financial engineering...which I dont..
I found this post on GENERAL HC...Title of thread..
Interesting revelations re Madoff

http://online.wsj.com/documents/Madoff_SECdocs_20081217.pdf

This appears to be an experts tip off statement to SEC made years ago.
Its very very complicated..

Do you still see similarities?


Do you think the Vestar exposure re Capital and Merchant collapse in NZ...{put into recievership by Fortress} ...
impacted on PIF in anyway? THat went down late 07..
I didnt hear about it then...did you?
At least NSX gives some rights to disclosure...