Monday 20th October 2008 - Late Edition

Dear Reader,

What does CITIC stand for? Crashed In Trading In Currencies?

NEW ARTICLES
CITIC Pacific's time bomb
Why did CITIC Pacific's board wait 6 weeks before telling investors that it had a huge exposure to exotic foreign exchange forward contracts? What does this say about the quality of its board, and the independent directors on its audit committee who, according to a separate statement by the Chairman, found time to complete an investigation of the incident even before the incident was announced? (20-Oct-2008)

Lessons from Lehman Minibonds
Webb-site.com looks beyond the Lehman minibonds fiasco and proposes three steps to reform the regulatory system for the sale of financial products. Without such reforms, there is a risk of either repeated crises or an outright ban on the sale of such products. Tell us what you think in our opinion poll. (20-Oct-2008)

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Visit our archives, and do your homework before you invest.

____________
David M Webb
Editor, Webb-site.com
http://webb-site.com