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Stanford Financial Blow-Up: What Will Happen to Investors' Money?

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+1

soundtracks of AL 7:11AM July 17, 2009

Was the US-based part of the Stanford bank FDIC insured? I have never seen any news about that.

seekinglemonade of CA 4:08PM March 06, 2009

It's not the fist time a Stanford Group company has been accused of fraud, see: http://arttheftcentral.blogspot.com .

Mark D of MA 9:16PM February 18, 2009

There allegedly was 8 billion invested in Stanford's Antigua bank.
* Antigua has a GDP of approximately 1 billion.
* Antigua is up to its eyeballs in debt to the IMF, World bank, etc.
*The three biggest industries in Antigua are:
1. Tourism
2. Remittances from Antiguans living abroad
3. Allen Stanford
Do the math.

Pellucid of NY 1:29PM February 18, 2009