Fairfield Greenwich Group – $7.5bn (company statement)
Kingate Management – $3.5bn (Bloomberg)
Banco Santander – $3.1bn direct and indirect exposure (company statement)
Tremont Group – $3.3bn (Bloomberg)
Bank Medici – $2.2bn (company statement)
Ascot Partners LLC – $1.8bn (The Wall Street Journal)
Access International Advisors – $1.4bn (company statement)
Fortis – $1.4bn (company statement)
HSBC – $1bn (Financial Times)
Benbassat & Cie – $935m (Le Temps)
Union Bancaire Privee – $850m (Le Temps)
Royal Bank of Scotland – $594m (company statement)
Natixis – $533m in indirect exposure (company statement)
BNP Paribas – $468m (company statement)
BBVA – $404m (Reuters)
Fix Asset Management – $400m (company statement)
Man Group – $360m (company statement)
Reichmuth & Co – $330m (firm letter to clients)
Nomura Holdings – $302m (company statement)
Maxam Capital Management – $280m (The Wall Street Journal)
EIM Group – $230m (Le Temps)
UniCredit – $100m (company statement)

Societe Generale and UBS – confirmed insignificant exposure.

Deutsche Bank AG, Dresdner Bank AG & Commerzbank AG – declined to comment on the matter.

Amidst all that bad news of failing financial institutions, and news of mergers and acquistions, now this. Is there no end to the bad news surrounding the finance industry?

Is this a wake up call to everyone, that all that wealth is nothing but an illusion, nothing more than just numbers – a figure printed on a piece of paper and that it will get wiped out just like that? Just where will our money be safe?

50 billion (50,000,000,000) U.S. dollars. That’s roughly 73,800,000,000 Singapore dollars. And you know whenever I look at these staggering amounts, the pay of the Tali-PAP mini$ter$ is really ‘peanuts’. Just how the hell did he pull it off? And it’s not a new idea or some really ingenious scheme. It’s something that has been done before – a Ponzi Scheme – which is nothing more than a fraudulent investment scheme paying investors from money paid in by other investors rather than real profits.

It makes one wonder, just how and why it took so long for anyone to find out what this guy has done to bring him to justice? Did no one audit his books? Is it because there wasn’t enough regulation, or because the regulators were sleeping on their jobs?

Similarly, I also need to ask of the risk management people of Bear Sterns, Lehman Lamer brothers, AIG and the likes… You mean you shitheads never realized that the companies you are working for were over-exposed? Just what the hell have you fxxkers all been doing? Ahh.. I know. Just taking your pay and fat bonus while getting yourself drunk and jerked-off at a bordello near Wall Street, right?

As for this Madoff guy… even sentencing him to death would have been letting him off too lightly. There’s only one death he deserved, and that is DEATH BY UMGAWAH

But of course, no humans (nor animals) should be abused to perform the execution. I personally think the Japanese should specifically design a machine for this purpose but the Germans will manufacture it. On top of that, I would like the honor to throw the switch of this thing during the execution.