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-   -   T. Boone Pickens. Fund "bleeding money". (https://gfy.com/showthread.php?t=889067)

ADL Colin 02-20-2009 06:55 AM

T. Boone Pickens. Fund "bleeding money".
 
"At the same time he was politicking in front of the camera, Pickens fund was bleeding money, down more than 75% and his investors were running for the exits to redeem."

http://www.forexhound.com/article.cfm?articleID=126139

Leverage is a bitch. Glad I got out of most of my oil at $90. How about you?

tammix 02-20-2009 07:06 AM

more pyramid schemes like Madoff's and Stanford are coming (the last as reported today by the WSJ), they were called "off-shore investments" but the truth is that the elites of the funds were receiving returns from the injections of newbies, the "not-too-much-rich" ones. I will not be surprised if some big US and British banks that handle international offshore investments will be in the news too in the near future regarding these schemes. This year will be remembered as the "Year of The Offshore Scams"

ADL Colin 02-20-2009 07:11 AM

Err.... Are you accusing/suspecting Pickens of something?

tammix 02-20-2009 08:28 AM

someone turned the fan on in the pig farm, get a Poncho!

UFGators2007 02-20-2009 10:12 AM

Yeah, well he is still a douchebag!

Iron Fist 02-20-2009 10:15 AM

He advertises on CNN too much


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