Securities Market Line

     Tip:On Monday, convicted con man Bernie Madoff was sentenced to 150 years in jail, and today federal authorities took possession of his $7 million Manhattan penthouse, forcing his wife to leave and look for somewhere else to live.

     A comment to this news:

     Of course Ruth Madoff knew exactly what was going on, in fact she probably helped. I think leaving her with 2.5 mllion is way too generous. The fact that she is cooperating is a good indication that she is guilty and knows that the time has come to pay for her crimes. I wonder how many possessions and how much money she had time to hide before the govt took over. Shame on you, Ruth – you will get paid back somehow. She and her sons need to all be in jail for a long, long time.

     Q:What is the name of his wife?

     A:Ruth Madoff.

     Q:What will his wife do with their property?

     A:Ruth Madoff was told ahead of time that she would be forced to vacate her lush Manhattan penthouse, and reportedly she did leave the property this afternoon around 1 PM EST. The penthouse, on East 64th Street will be sold, with the proceeds being used to help reimburse the victims of the nations largest ever Ponzi scheme.

     Q:Will her move to another state? Read the rest of this entry »

     Location:HONG KONG.

     HONG KONG — Massive share sales for cash-strapped Japanese companies and pending U.S. jobs data to be released Thursday kept investors on the sidelines in the Tokyo on Thursday.

     Following mild growth overnight on Wall Street, which was buoyed by a slowdown in the pace of U.S. production in June and an improvement in China’s purchasing managers index (PMI), the Japan bourse opened slightly higher on Thursday. But those gains evaporated as the Nikkei 225 closed day down 0.6%, at 9876.15, as investors mulled new shares placements from finance leasing firm Orix Corp., carrier All Nippon Airways, and other cash-strapped listed companies eager to raise new capital. Uncertainty about the U.S. job market also weighed on the market.

     Some examples: Read the rest of this entry »