German Volkswagen short Billionaire commits suicide

[talknet]

Quote from bloomberg:

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.

I do not understand why the death of German billionaire Adolf Merckle is so hyped up because Death is the ultimate Fate of all Human beings.

Billionaires are not God. They are ordinary Human beings. They have to die one day.

Rest in Peace Billionaires.

 

[tmarket]

Quote from stockinvestor:
http://www.reuters.com/article/newsOne/idUSTRE5055O820090106

Where did it say he was short Volkswagen?

Market players said Merckle liked to keep a low profile and had seemed like a conservative investor.

Yet he became the most well-known victim of a share market squeeze which briefly made carmaker Volkswagen the world's most valuable company late in October.

Its share price rocketed to just over 1,000 euros from 210 euros in two trading sessions after rival Porsche made a surprise stakeholding announcement that sent short sellers of VW shares running for cover.

"He had a reputation for being very, very prudent, very cautious -- a typical entrepreneur who always remained down-to-earth. So it was a huge surprise," said an analyst who asked not to be named.

At the time there was mostly speculation about banks and hedge funds that could have made heavy losses on VW. But banking sources told Reuters that Merckle's losses were estimated at 400 million euros ($539 million).

 

[Thermactor]

With a net worth of $9 billion and $540 million in losses, it's kind of apparent that this fellow didn't kill himself because of poor financial performance.

 

[RiceRocket]

That short squeeze should have been broken by regulators. It was a couple day anomaly. If it is every investigated, there will be seen a predatory attack against the short sellers by many hedge funds colluding together. This is what is wrong with the current financial system.

 

[flytiger]

Quote from RiceRocket:

That short squeeze should have been broken by regulators. It was a couple day anomaly. If it is every investigated, there will be seen a predatory attack against the short sellers by many hedge funds colluding together. This is what is wrong with the current financial system.

The squeeze was orchestrated by the regulators. I.E. if you consider the Govt the regulator.

 

[0008]

Have he put all his money in one trade?

 

[crash n burn]

Quote from 0008:

Have he put all his money in one trade?

he was trading out of collateral debt. thus, the losses implicate he would lose most of its empire, i.e. ratiopharm, etc.

he tried to obtain further financing to avoid that fate. it appears he wasn't able to pull that off and hence he preferred to put an end to his life rather than seeing with his own eyes his empire being taken away by his creditors.

porsche sentenced his death with its statement about VW majority stake. the regulators should be ashamed of themselves for allowing such an event send the share price up 4 fold in two days.

 

[flytiger]

Quote from crash n burn:

he was trading out of collateral debt. thus, the losses implicate he would lose most of its empire, i.e. ratiopharm, etc.

he tried to obtain further financing to avoid that fate. it appears he wasn't able to pull that off and hence he preferred to put an end to his life rather than seeing with his own eyes his empire being taken away by his creditors.

porsche sentenced his death with its statement about VW majority stake. the regulators should be ashamed of themselves for allowing such an event send the share price up 4 fold in two days.

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

You live by the sword, - you know the rest.

 

[Landis82]

Quote from 1flyfisher:

LOL...miserable jerk, what in my comment indicates I "don't get it"?

Your Reading Comprehension must really be horrible . . .

Quote from 1flyfisher:

Amazing how quickly the mind can shift from a state of general happiness to despair and hopelessness all over money and wealth.

I am glad I am not a slave to money.

Again, its not about the money.
But you "don't get that".

 

[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