12-23-08
NEW
YORK (CNN) -- Thierry de la Villehuchet, a hedge fund adviser and investor whose firm said he lost $1.5 billion investing
with Wall Street adviser Bernard Madoff, was found dead in his office in an apparent suicide Tuesday, police said.
Police
say Thierry de la Villehuchet's body had cuts on the wrist and bicep.
Emergency personnel discovered the body of Villehuchet, 65, at 7:29 a.m.
in the Madison Avenue office of Access International Advisors, police said.
Villehuchet suffered "cuts made to
his arm, to his wrist and also to his bicep area, with a box cutter," New York Police Commissioner Ray Kelly said at
a news conference.
He also told reporters there were pills present, though it wasn't clear whether any were ingested,
and there was no suicide note.
The body will be examined and a toxicology report issued Wednesday, said Ellen Borakove,
a spokeswoman for the New York medical examiner.
Kelly read a statement from Access International Advisors' attorney
saying the firm lost $1.5 billion by investing with Madoff, 70, a former Nasdaq chairman who is accused of operating a $50 billion Ponzi scheme.
1-08-2009
(CNN)
-- Two days after the suicide of one of Germany's richest men -- who was apparently despondent over financial troubles --
banks agreed to rescue his business holdings, the companies said in a statement.
Adolf Merckle, 74, was hit by a train
in the southwestern town of Ulm Monday. Details of the incident were unclear, but Ulm police said Merckle was apparently dragged
for some time after being struck, as they found blood some distance away from the body.
Merckle's family said that he
had been "broken" by the global economic crisis.
Merckle was No. 94 on the Forbes list of the world's richest
people, after having been listed at No. 44 with a fortune of $12.8 billion. But he lost hundreds of millions of dollars, including
company capital, betting against Volkswagen stock last year and his worth was listed at $9.2 billion in 2008.
"The
financial troubles of his companies, induced by the international financial crisis and the uncertainty and powerlessness to
act independently which the financial problems brought about, broke the passionate family business man, and he took his own
life," his family wrote in a press release after Merckle's death.
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Matthew
24:21-22 "21 For then shall be great tribulation, such as was not since the beginning of the world to this time, no,
nor ever shall be.22 And except those days be shortened, there no flesh be saved: but for the elect's sake those days shall
be shortened"
Proverbs 3:5 "Trust in the LORD with all thine heart; and lean not unto
thine own understanding"
Luke 12:15 "And he said unto them, Take heed, and beware of covetousness: for a
man's life consisteth not in the abundance of the things which
he possesseth"
Psalm 49:6 "They that trust in their wealth, and boast themselves
in the multitude of their riches"
Mark 10:23-24 "23 And Jesus looked round about, and saith unto his disciples:
How hardly shall they that have riches enter into the kingdom of God!24 And the disciples were astonished at his words. But
Jesus answereth again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the kingdom
of God!"
Isaiah 30:27-28 "27 Behold, the name of the LORD cometh from far, burning his anger, and
the burden heavy: his lips are full of indignation, and his tongue as a devouring fire:28 And his breath, as an overflowing
stream, shall reach to the midst of the neck, to sift the nations with the sieve of vanity: and a bridle in the jaws of the
people, causing to err"
"to sift the nations with the sieve of vanity"
10-7-08
Global
markets trended almost universally lower on Tuesday as the worldwide financial crisis continued to send shivers through the
markets and financial institutions.
Vanity = wealth or money ($)
sieve=1)
a lofty place, height 2) sieve, winnowing implement
today's meaning =transitive verb1 a: to put through
a sieve <sift flour> b:
to separate or separate out by or as if by putting through a sieve2: to go through especially to sort out what is useful or valuable
<sifted the evidence> —often used with through<sift
through a pile of old letters>3:
to scatter by or as if by sifting <sift sugar on a cake>intransitive verb1: to use a sieve2: to pass or fall
as if through a sieve
LISTEN: GOD IS IN CONTROL!
Psalm
73;18 "Surely thou didst set them in slippery places: thou castedst them down
into destruction"
Psalm 75:7 "But God [is] the judge: he putteth down one, and setteth
up another"
Ephesians 2:11-13 "11 Wherefore remember, that ye in time past Gentiles in
the flesh, who are called Uncircumcision by that which is called the Circumcision in the flesh made by hands;12 That at that
time ye were without Christ, being aliens from the commonwealth of Israel, and strangers from the covenants of promise, having
no hope, and without God in the world:13 But now in Christ Jesus ye who sometimes were far off are made nigh by the blood
of Christ"
Colossians 1:26-29 "26 the mystery which hath been hid from ages and from generations, but
now is made manifest to his saints:27 To whom God would make known what the riches of the glory of this mystery among the
Gentiles; which is: Christ in you, the hope of glory:28 Whom we preach, warning every man, and teaching every man in all wisdom;
that we present every man perfect in Christ Jesus:29 Whereunto I also labour, striving according to his working, which worketh
in me mightily"
May 11th, 2012
05:54 AM GMT
Posted by: CNN.com business producer,
Kevin Voigt (CNN) – JPMorgan Chase CEO Jamie Dimon
shocked Wall Street just after the market closed Thursday with news that the company had lost $2 billion since April 1 on trades in credit default
swaps. Sound familiar? It should. Credit default swaps based on housing mortgages created the tinder that was ignited by rising
home defaults to create the conflagration of the 2008 financial crisis. it’s clear the losses weren’t the
result of one bad trade, but a break down on several levels. "(It) raises the issue – are these big banks too big
to manage? There should be controls, overseers, checks and balances,” And the loss raises the specter that lessons from
the credit crisis have yet to be learned. "Our financial system is still not under control,” “The problems
that led to the financial crisis are brought up again when something like this happens."
Luke 12:15 "And he said unto them, Take heed, and beware of covetousness: for a man's life consisteth
not in the abundance of the things which he possesseth"
Romans 15:13
"Now the God of hope fill you with all joy and peace in believing,
that ye abound in hope, through the power of the Holy Ghost"
Isaiah 45:22 "Look unto me, and be ye saved, all the
ends of the earth: for I God, and none else"
Acts 20:28 "Take heed therefore unto yourselves, and to
all the flock, over the which the Holy Ghost hath made you overseers, to feed the church of
God, which he hath purchased with his own blood"
PRAISE THE LORD JESUS CHRIST!
