Skip to main content

Uncertain trading week ahead

With Goldman Sachs being charged by the US Securities and Exchange Commission for fraud in connection with the creation of complex financial products that were sold in the market. Shares of Goldman Sachs plunged more than 10 percent in just the first half-hour of trading after the suit was announced last Friday morning. They closed down 13 percent, at US$160.70, wiping away more than US$10 billion of the company’s market value. It is suspected that Goldman Sachs, despite knowing the flaw in the structured financial products that resulted investors to lose money, continued selling and marketing the product to the general public. Could Goldman Sachs' case be the tip of the iceberg, signalling the start of Wall Street's legal troubles stemming from the subprime meltdown? Other investment banks may be investigated to determine if they were also involved in creating similar products.

From tomorrow onwards and weeks to come, many companies will be releasing their quarterly financial results. This should add onto the already jittery stock market, especially the financial banks' sector.

S.E.C. Accuses Goldman of Fraud in Housing Deal [via]

Popular Posts

Ho Ching named 5th most powerful and is mistaken as first lady by Forbes

Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world. Ho Ching is mistaken as Singapore's first lady! OMG!

I wonder how can Forbes makes such a blunder. For a complete list, refer to here.

How to stop FortiClient from starting automatically?

Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed me. Attempt to stop 'FortiClient Service Scheduler' only return 'Parameter is incorrect' error message.

An article on Technet help solve my trouble. To stop FortiClient from starting automatically, try the following:
Shut down FortiClient from the system tray.
Run net stop fortishield on command prompt.
Run msconfig.
On msconfig, switch to the Services tab. Clear the FortiClient Service Scheduler check box and click Apply.Run services.msc on command prompt to open up show all available services.Look for FortiClient Service Scheduler. Switch Startup type to Manual.Restart your computer. FortiClient should not be running automatically the next time round. Hope it helps.

DBS Coin Deposit Machines

DBS Bank has installed quite a few Coin Deposit machines at various locations e.g. Woodlands Civic Centre, Bedok, Towner Rd, South Bridge Rd, etc. These machines even accept 1 cent coins. However, the use of these machines do incur charges.

Read on
100 pieces = 75 cents ($0.75) chargeIf you deposit before 2pm on a working day, you will only see it in your bank account by 8pm on the same dayIf you deposit after 2pm on a working day or on a non-working day, you will only see it in your bank account by 8pm on the next working dayCharges are waived for kids account Correction: Charges will still be debited from a kid's (less than 12 years old) account when doing coin deposit. To waive the charges, you are required to retain the receipts and bring them personally to a DBS/POSB counter for a refund. Yes, the Coin Deposit machines are not intelligent enough to determine if the designated account is a kid's account.Currently, DBS website does not have information on this new Coin Deposi…