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"It's ambitious and we cannot be sure this is the last bailout. Does it buy a bit more time? Yes. But the next one will have to involve the official sector much more." | "It's ambitious and we cannot be sure this is the last bailout. Does it buy a bit more time? Yes. But the next one will have to involve the official sector much more." | ||
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+ | Mtc Global Group & Due Diligence - Oil And Gas Scams<br>Henry was a successful business man, married for 30 years, raised a family and had a good life ,Abercrombie. ,Abercrombie. . after his wifes death, he received an [overnight] package of materials with all kinds of reports, and it was offering an oil and gas investment . . . And it was unsolicited. . . he ignored it . . . But the next day,Michael Kors, a salesman called him and used high-pressure sales tactics . . ,Franklin Marshall. to persuade him to invest $40,000. And here are some examples of what was said to him on the phone: These gas wells are guaranteed to produce $6,800 a month in income; Some of the most successful investors in the country are interested in these wells; There are only two units left in this project; We drilled a well in Texas that had these same early gas readings, and the investors all made millions. . . . Over a three year-period, Henry was recontacted 12 times and invested, essentially, his life savings in 4 different gas wells, each time thinking that he had to invest or lose his original investment . . . He ultimately lost over $500,000 to this oil and gas scam investing in wells that always seemed promising at first. Description of an oil and gas scam victim,Abercrombie France.If you think youve found the right oil or gas investment to strike it rich, consider this: it may be a scam,Christian Louboutin. While some oil and gas investment opportunities are legitimate, many oil and gas ventures are frauds. Many of these schemes start in so-called boiler rooms,Abercrombie France, where skilled telemarketers use high pressure sales tactics to convince you to hand over your hard-earned money. Once they have your money, scam artists pay themselves first, often using funds to pay personal expenses. In the end, only some of your money may be invested in an actual oil or natural gas well, or none at all. Red Flag WarningsIf you are considering an oil and gas investment,Michael Kors Outlet, look for these red flag warnings of fraud:Sales Pitches Focused on Highly Publicized News. Scam artists read the headlines, too. Often, theyll use a highly publicized news item, like volatile gas prices, to lure potential investors and make their opportunity sound more legitimate. Cant Miss Wells. Every investment carries some degree of risk so you should be skeptical of any oil and gas investment opportunity pitched as completely safe. Fraudsters often spend a lot of time trying to convince you that extremely high returns are "guaranteed" or "can't miss." Don't believe it. Unsolicited Materials,Abercrombie France. Be especially careful if you receive unsolicited materials about an investment. Simply ignoring investment-related junk faxes, emails, voice mail messages, and regular mail may be your best strategy. And dont let a package full of colorful marketing materials impress you, even if its sent by certified or overnight mail. If youre not going to research an opportunity fully, do yourself a favor and put any unsolicited materials in the recycle bin immediately. If someone calls to follow up regarding the materials, tell him or her thanks, but no thanks and hang up. Limited Opportunities,franklin marshall femme. Scam artists often try to give you the impression that the opportunity they are promoting is scarce, hoping you will hand over your money hastily before doing any due diligence. Resist the pressure to invest quickly, and take the time you need to investigate before sending money. High Rates of Return. Compare promised yields with current returns on well-known stock indexes. Any investment opportunity that claims you'll get substantially more could be highly risky. And that means you might lose money.Tips or SecretsA promoter may discourage you from talking about the opportunity with someone you trust, like a loved one, attorney or financial professional. If that happens, stop listening, and leave or hang up. Then, be sure to contact us. Steps You Can Take to Protect YourselfHere are some steps you can take to avoid being scammedAsk questions and check out the answers,Louboutin Pas Cher. Fraudsters rely on the sad truth that many people simply don't bother to investigate before they invest. It's not enough to ask a promoter for more information or for references - fraudsters have no incentive to set you straight. Savvy investors take the time to do their own independent research.Contact state oil and gas regulatory agencies. You may be able to verify information provided in offering materials by contacting the oil and gas regulatory agency in which the wells are allegedly being drilled. For example,Abercrombie France, these agencies generally have information about a companys drilling history that could confirm claims of prior success. Investor TidbitYou might be surprised to learn that the Railroad Commission of Texas oversees the Texas oil and gas industry. Unfortunately, state oil and gas regulatory agencies dont have uniform names. If youre having trouble finding the agency that regulates oil and gas in a particular state, enter the States name - followed by oil and gas - into your favorite Internet search engine. The appropriate agency should be listed near the top of your search results.Research the company before you invest. You can contact the secretary of state where the company is incorporated to find out whether the company is a corporation in good standing. You also will want to understand the company's business and its products or services before investing. Before buying any stock, check out the company's financial statements on the SEC's website, or contact your state securities regulator. All but the smallest public companies have to file financial statements with us. If the company doesn't file with us, you'll have to do a great deal of work on your own to make sure the company is legitimate and the investment appropriate for you. That's because the lack of reliable, readily available information about company finances can open the door to fraud. Remember that unsolicited materials should never be used as the sole basis for an investment decision.Know the salesperson. Spend some time checking out the person touting the investment before you invest - even if you already know the person socially. Always find out whether the securities salespeople who contact you are licensed to sell securities in your state and whether they or their firms have had run-ins with regulators or other investors. You can check out the disciplinary history of brokers and advisers quickly - and for free - using the SEC's and FINRA's online databases. Your state securities regulator may have additional information.Remember - an educated investor is our best defense against fraud,Abercrombie! For more information on how to invest wisely and avoid fraud, please visit the Investor Information section of our website.The related articles here you may like:<br> <ul><br> <br> </ul>The related articles here you may like: | ||
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Revision as of 14:00, 7 December 2012
The banking industry has described its agreement with Greece to cut its debts as "unprecedented".
A group of banks and other investors in Greek government debt have agreed to exchange their debt for new bonds that are worth much less and pay a modest rate of interest.
Including the reduced interest rate, the losses to the banking industry are more than 70%.
For some of Europe's biggest banks, that means heavy losses.
"The losses are going to be substantial, but they are contained and there's a longer-term benefit for the system in having a core group of investors sit down across the table and coming together," said Charles Dallara, managing director of the Institute for International Finance, which negotiated on behalf of the banking industry. Continue reading the main story �Start Quote
In the long and tawdry history of governments borrowing more than they can afford, this represents a remarkably huge, unprecedented write-off�
image of Robert Peston Robert Peston Business editor, BBC News
More from Robert
It is perhaps no great surprise that Greek banks are the most exposed to Greek debt.
According to Barclays Capital, the top two holders of Greek debt are National Bank of Greece, with 13.2bn euros ($17.5bn), and Eurobank EFG, which holds 7.3bn euros ($9.7bn).
Once the bond exchange is completed, those holdings will be worth less than half their current value, and if you include future interest payments, worth 70% less.
Outside Greece, French and German banks hold the most Greek debt. The last bailout?
Many foreign banks have already accepted that their investments in Greece are now worth just a fraction of their original value, irrespective of the latest deal.
In its most recent set of results, France's BNP Paribas, the biggest owner of Greek debt outside Greece, said that it had written down the value of its Greek debt by 75% on its balance sheet.
And according to the Barclays report, Commerzbank is the biggest holder of Greek debt among Germany's banks. Its holdings of government debt have complicated its efforts to raise new finance to boost its balance sheet.
For the average investors, the effect of Tuesday's bailout is limited. Most insurance companies and investment firms have little or no exposure to Greece.
Some hedge funds have built up their holdings in Greek debt, but it is likely to be a relatively small amount, perhaps less than five billion euros.
It is thought some will refuse to sign up to the bailout deal and hope to be repaid in full.
Analysts are now wondering whether the latest deal will be enough. The Greek economy is in recession, making it even more difficult for the nation to pay its debts.
"The debt sustainability analysis is much worse than people were expecting," said Laurent Fransolet, head of fixed-income strategy research at Barclays Capital.
"It's ambitious and we cannot be sure this is the last bailout. Does it buy a bit more time? Yes. But the next one will have to involve the official sector much more."
look for these red flag warnings of fraud
Mtc Global Group & Due Diligence - Oil And Gas ScamsHenry was a successful business man, married for 30 years, raised a family and had a good life ,Abercrombie. ,Abercrombie. . after his wifes death, he received an [overnight] package of materials with all kinds of reports, and it was offering an oil and gas investment . . . And it was unsolicited. . . he ignored it . . . But the next day,Michael Kors, a salesman called him and used high-pressure sales tactics . . ,Franklin Marshall. to persuade him to invest $40,000. And here are some examples of what was said to him on the phone: These gas wells are guaranteed to produce $6,800 a month in income; Some of the most successful investors in the country are interested in these wells; There are only two units left in this project; We drilled a well in Texas that had these same early gas readings, and the investors all made millions. . . . Over a three year-period, Henry was recontacted 12 times and invested, essentially, his life savings in 4 different gas wells, each time thinking that he had to invest or lose his original investment . . . He ultimately lost over $500,000 to this oil and gas scam investing in wells that always seemed promising at first. Description of an oil and gas scam victim,Abercrombie France.If you think youve found the right oil or gas investment to strike it rich, consider this: it may be a scam,Christian Louboutin. While some oil and gas investment opportunities are legitimate, many oil and gas ventures are frauds. Many of these schemes start in so-called boiler rooms,Abercrombie France, where skilled telemarketers use high pressure sales tactics to convince you to hand over your hard-earned money. Once they have your money, scam artists pay themselves first, often using funds to pay personal expenses. In the end, only some of your money may be invested in an actual oil or natural gas well, or none at all. Red Flag WarningsIf you are considering an oil and gas investment,Michael Kors Outlet, look for these red flag warnings of fraud:Sales Pitches Focused on Highly Publicized News. Scam artists read the headlines, too. Often, theyll use a highly publicized news item, like volatile gas prices, to lure potential investors and make their opportunity sound more legitimate. Cant Miss Wells. Every investment carries some degree of risk so you should be skeptical of any oil and gas investment opportunity pitched as completely safe. Fraudsters often spend a lot of time trying to convince you that extremely high returns are "guaranteed" or "can't miss." Don't believe it. Unsolicited Materials,Abercrombie France. Be especially careful if you receive unsolicited materials about an investment. Simply ignoring investment-related junk faxes, emails, voice mail messages, and regular mail may be your best strategy. And dont let a package full of colorful marketing materials impress you, even if its sent by certified or overnight mail. If youre not going to research an opportunity fully, do yourself a favor and put any unsolicited materials in the recycle bin immediately. If someone calls to follow up regarding the materials, tell him or her thanks, but no thanks and hang up. Limited Opportunities,franklin marshall femme. Scam artists often try to give you the impression that the opportunity they are promoting is scarce, hoping you will hand over your money hastily before doing any due diligence. Resist the pressure to invest quickly, and take the time you need to investigate before sending money. High Rates of Return. Compare promised yields with current returns on well-known stock indexes. Any investment opportunity that claims you'll get substantially more could be highly risky. And that means you might lose money.Tips or SecretsA promoter may discourage you from talking about the opportunity with someone you trust, like a loved one, attorney or financial professional. If that happens, stop listening, and leave or hang up. Then, be sure to contact us. Steps You Can Take to Protect YourselfHere are some steps you can take to avoid being scammedAsk questions and check out the answers,Louboutin Pas Cher. Fraudsters rely on the sad truth that many people simply don't bother to investigate before they invest. It's not enough to ask a promoter for more information or for references - fraudsters have no incentive to set you straight. Savvy investors take the time to do their own independent research.Contact state oil and gas regulatory agencies. You may be able to verify information provided in offering materials by contacting the oil and gas regulatory agency in which the wells are allegedly being drilled. For example,Abercrombie France, these agencies generally have information about a companys drilling history that could confirm claims of prior success. Investor TidbitYou might be surprised to learn that the Railroad Commission of Texas oversees the Texas oil and gas industry. Unfortunately, state oil and gas regulatory agencies dont have uniform names. If youre having trouble finding the agency that regulates oil and gas in a particular state, enter the States name - followed by oil and gas - into your favorite Internet search engine. The appropriate agency should be listed near the top of your search results.Research the company before you invest. You can contact the secretary of state where the company is incorporated to find out whether the company is a corporation in good standing. You also will want to understand the company's business and its products or services before investing. Before buying any stock, check out the company's financial statements on the SEC's website, or contact your state securities regulator. All but the smallest public companies have to file financial statements with us. If the company doesn't file with us, you'll have to do a great deal of work on your own to make sure the company is legitimate and the investment appropriate for you. That's because the lack of reliable, readily available information about company finances can open the door to fraud. Remember that unsolicited materials should never be used as the sole basis for an investment decision.Know the salesperson. Spend some time checking out the person touting the investment before you invest - even if you already know the person socially. Always find out whether the securities salespeople who contact you are licensed to sell securities in your state and whether they or their firms have had run-ins with regulators or other investors. You can check out the disciplinary history of brokers and advisers quickly - and for free - using the SEC's and FINRA's online databases. Your state securities regulator may have additional information.Remember - an educated investor is our best defense against fraud,Abercrombie! For more information on how to invest wisely and avoid fraud, please visit the Investor Information section of our website.The related articles here you may like:
- /category/3/1/3/
- ?w=hnksrdarwf&e_id=1064375