Insider Trading

Lately there's MORE interesting stuff going on in the banking industry. Former Goldman Sachs director R Gupta (a Wall Street super star) was sentenced to 2 years in prison & fined US$5 million, for insider trading in the states.

He was found guilty for leaking information about a 5 billion dollar investment in Goldman by Warren Buffet's Bershire Hathaway during 2008. And if you remember,  this is the period where there's a global crisis-  Goldman Sachs was in trouble but was on the verge of being rescue by an infusion of 5 billion dollars. This Gupta guy upon hearing this, immediately tipped his friend Rajaratnam, so that he can trade on this information just minutes before the market closes! I dont know, but this really sounded like something from a movie, but guess what .... it happens in real life!

Apparently the judge was pissed & equate this action to stabbing Goldman in the back!!! Truth is insider trading is a very easy crime to commit but very hard to catch, so that's why judge is sending a message to others by sentencing Gupta to jail. By the way the Raja guy , his friend gets  11 yrs. And Gupta maintain that he did not profit from his action.... now do you believe that?...lol....

We were all kinda making a list of how these people can hide these money, & after the jail, they come out & enjoy life as millonaires AGAIN!!!! As for the jail sentence, after deduction of hoildays etc... they are probably out sooner than later. Meanwhile it's the little people who suffers!!!

Hungry after a swim???? why?

Some researchers think it's because of the water temperature.

The pool water is usually quite cool- so when you swim in this temp water, the body attempts to reheat itself- therefore it sets off all kinds of trigger for you to eat for extra energy!
So the advise is for one to do some exercise to increase body temperature to combat the post swim cravings.

cute ???

Gold Moon cakes???

This piece of news caught my eye immediately since I've been complaining about eating too much moon cakes lately. But in Beijing they have GOLD mooncakes as in real gold! If I have those, I would not complain...hahhaha.... Anyway these gold gifts cost as much as S$8,400- for 2! And was reported as being sold out! It's being used as a camouflage for corruption, where people use them as "lawful gifts" to bribe corrupt officials!!!!

So glad Moon Cake festival is over!!!!!!

Why oh why do clients give us so many moon cakes????? And not ordinary ones as well, we are talking about moon cakes from Good wood park, ShangriLa etc....  And how not to "try" them??? Must try right? No one can resist. I think I've gain 3 kg over the last 2 weeks!!!