German Volkswagen short Billionaire commits suicide

[1flyfisher]

Obviously it is about the money & wealth..... Landis just gets cranky and argumentative depending on whether his meds are doing their job.

Quote from Optionpro007:

It can be all about money it seems.

Sad. Not that they take their lives, but that they do it because of money.

"Real estate power broker dead of apparent suicide"

http://www.cnn.com/2009/US/01/07/illinois.realestate.death/index.html

 

[swtrader]

Quote from makloda:

Damn.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ao_E2.GY3YLE

Jan. 6 (Bloomberg) -- German billionaire Adolf Merckle, whose investment company was renegotiating its bank debt, died after he was hit by a train and may have committed suicide, Die Welt reported.

Merckle was struck near his hometown of Blaubeuren, southeast of Stuttgart, yesterday evening, the German newspaper said on its Web site today. Police said he may have killed himself, the newspaper said.

Merckle had lost money from a series of wrong-way bets on Volkswagen AG, a drop in the value of his HeidelbergCement AG stake and increasing debt. The 74-year-old, whose estimated $9.2 billion fortune put him 94th on Forbes’s list of the world’s richest people, was negotiating with banks on a bridge loan to rescue his investment company VEM Vermoegensverwaltung GmbH.

HeidelbergCement stock dropped as much as 13 percent to 29.16 euros. Calls to the company and VEM went unanswered when Bloomberg called.

Merckle was to get more than 400 million euros ($547 million) in bridge loans to rescue VEM, Financial Times Deutschland reported yesterday, citing unidentified bankers.

he's not the first adolph to bet on volkswagon, and later commit suicide

 

[Renegen]

So wait, the guy had 9 billions and he bet it all on 1 trade? How dumb can you get.

 

[Cutten]

Quote from flytiger:

but it's ok to get short, fashion research, and bribe reporters? That's ok?

Do you have any evidence Merkle did this?

 

[flytiger]

Quote from Cutten:

Do you have any evidence Merkle did this?

http://elitetrader.com/vb/showthread.php?threadid=148208

I know, now you'll say, "well Merckle isn't listed here. " Well, everyone else in VW is or will be, and at this point, that's close enough for me.

You know, as well as I do, this was a gang bang, and they bring the billionaire in last to lean on the stock. Just didn't work out, did it?

 

[Capablanca]

I'm a little concerned that everyone is assuming it is a suicide. Were there witnesses? Accident is usually the first assumption and for a case such as this one would think there would be more speculation about murder.

 

[tmarket]

Quote from Capablanca:

I'm a little concerned that everyone is assuming it is a suicide. Were there witnesses? Accident is usually the first assumption and for a case such as this one would think there would be more speculation about murder.

Do you know something the rest of the world doesn't?

German police confirmed a suicide note had been found and said "no third party is being sought in conjunction with his death".
http://www.telegraph.co.uk/finance/...n-the-financial-crisis-jumps-under-train.html
.....

Former Ratiopharm director Heinrich Zinken told Manager Mag azin that Merckle was "greedy, envious, and held grudges".

Sources said his depression was "too deep, his losses too great to bear".

He left behind his wife Ruth, sons Ludwig, Philipp Daniel and Tobias and a daughter, Jutta.

 

[Eddiefl]

Quote from stock777:

Who has more honor

Merckle or Maddog Madoff ?


If Madoff has an ounce of decency in him he'd be long gone.

I dont know if you can compare these two guys. One was a very successful self-made business man, the other a complete fraud in business and life.

If Madoff had an ounce of decency he would bow out by taking his own life, with a shot to thead, but i would not bet that guy has any decency,, ,, you cant steal from childrens charities and be able to sleep at night.

 

[flytiger]

If this guy was in the VW 'trade', he was part of the game. He knew. He didn't off himself because he honestly lost. There is some shame involved. How the hell do you wander into that trade on your own? You don't. You're led there, and sold.

Go look at the 'reporter' thread. These knuckleheads work as a tag team, like, when I was kid in the 50's, the wrestlers' manager would grab a folding chair and wack the fuck out of the opponent when he wasn't looking. That's the SOP.

And they don't want to declare short positions because it shows the competition what they're doing. Too funny.

 

[Landis82]

Quote from flytiger:

There is some shame involved.

Ding! Ding! Ding!!!
Bingo.