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Monday, August 1, 2011
A Chinese Investment lesson!
Scary! Read this in the 7/24/2011 NYTimes Sunday Business section: "From China to Wall Street: The Side-Door Shuffle", about how 'enterprises' in China get into the Nasdaq through the back door and bankrupt US entities who still think anything listed on Wall Street from China must be 'HOT'! http://www.nytimes.com/2011/07/24/business/global/reverse-mergers-give-chinese-firms-a-side-door-to-wall-st.html?_r=1&scp=1&sq=from%20china%20to%20wall%20street:%20the%20side-door%20shuffle&st=Search They're 'hot' all right - as in 'DIShonest HOT'! I've known better to make sure my brokers don't invest any of my hardearned savings in any Chinese enterprises!
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