Enterprising Investor Forum

Former Texas billionaire and cricket promoter Sir Allen Stanford has appeared in a US court charged over a multi-billion-dollar scheme to defraud investors… sadly enough, after Madoff & Co. people are simply not that shocked anymore (unless you had invested with him!).

Is this it or are there more surprises to come, more ponzy schemes and more fraud? What will be interesting to follow in this specific case, is that Stanford has repeatedly claimed that he knows nothing of this alleged ponzy scheme and that he will fight the charges with all he’s got! We shall see, but we find it hard to believe that he’ll manage to get out of this one…

It looks like they are making some progress but it still feels like this is moving along very slowly…

So it looks like The Treasury has given the green light for 10 banks to repay their TARP capital and therefore will be receiving 68bn back in repayments -> let’s hope that this is the ultimate sign that these banks are getting back on track, as we do not want to even try and imagine what would happen if they need to borrow some of the money back…

So should we focus on the fact that The Treasury has netted a couple of billion and that things are OK or should we still be worried that these banks have broken free from government control before all measures and reforms have been taken to avoid future problems and a repeat of the crisis?

There is a real possibility that these 10 banks will go back to business as usual whilst the others will continue to struggle and find it harder to get back on their feet, now that it is ‘official’ that they are the weaker players…

It really feels like there will be more surprises before we actually see the light at the end of the tunnel!

The initial battle has been lost but this is an interesting piece on how Bill Ackman tackled this issue and his views on the company, corporate governance and the road ahead for Target:

This is just the first part, you can click on the YouTube side bar to see the other segments.

Enjoy!