This is the next shoe to Drop on the Global terrorist to the Financial health of Governments.
Check out Banana Max and the charges being investigated!!!
To the former CEO of its rental division..
Hertz agrees to pay 2 years of medical Insurance and bonus to him as well as pay for legal representation arising from litigation..
Sweet Deal for this Former employee who could spill the beans on this companies phony Book Keeping!!!
The Europeans no longer are trusting the banking system, they have a better feeling on what this will mean to currency exchange rates and the Companies that are in this business.
Fxcm is best in Class for the Europeans..
They blamed the problem on their computer, what a lame excuse, I'm sure other bankers when caught will all have the same problem
SEC gave this banks/ brokerage firm a small fine and a wink.. not disclosing the Stocks that were manipulated!!! Again No was was convicted...
Full story on the SEC web site..
This collusion at the SEC needs to Stop!!!
A review of this list: Starts with THE CFO, next was the CEO, soon after the Head of Walgreens legal Department and most recently is the Head of Computer Technology.
All of these departures have happen within the last year, after a 1 billion in Earnings projection was withdrawn
among store closure's announced and a management restructuring underway,
It will be interesting to see next quarters revenue growth with all of these changes..
US banks have loaned Billions for Mergers to Corporations, and soon bankers will going crying to the US Federal Reserve they need more money.
The US Fed will soon pump out more Dollars to meet this demand as the IMF and ECB will also come up short of funds from Institutional dept repayment..
Global Currency Valuations will swing wildly and FXCM will still be Undervalued!!!
If you ask why ? Understand these Global Banks, IMF, ECB and US FED don't want anyone making money off of Controlling Currency exchange rates, as their debt lending has becoming unprofitable.. these banks have already ventured into exchange rigging, pleaded guilty to currency manipulations to make up for there bad debt practices, they also have the support from the US Federal Reserve as not one Global Bank has been restricted from operating Currency exchange... until this changes I don't expect Forex exchange only trading Business to take over this 3.5 trillion a day market .
Is there anyone that can help... I wrote the SEC but they said I need to make a political contribution..
I called the DOJ but they did not answer the phone, Voicemail only..
I called my Senator but he said his staff was short this stock based on a fund raisers advice...
I tried calling the President , but his office was tied up in Planning a Dinner party ...
I' m Screwed