Posted on 12/18/2008 2:28:28 PM PST by governsleastgovernsbest
“They thought it was insider trading, which was perfectly OK with them, so long as he made more money for them, far above the norm available to M/M Sixpack. They were investing to make themselves richer in a manner they knew or strongly suspected was quite illegal, or to enrich their “family foundations,” known to the IRS as ‘charities,’ that helped them avoid a larger tax bite.”
I’m so happy to know you are aware of what they all thought! How perfectly brilliant and insightful of you! Carry on with your glee! They so deserved to be ruined. What fun for you! The “rich” got theirs. What joy!
And just think...the fun you’ll have as tax receipts go down by some $14 billion or so. Such glee that will be for the rest of us as we pick up the slack. But damn, it will be so worth it that the greedy rich were brought down to size.
I’ve seen quite a number of personal reports on “Joe Sixpack’s” who have been ensnared here as well. Do they count as real human beings? They weren’t “rich” yet, so maybe your class envy doesn’t apply to them?
YOU are the one that said how happy you were. You can try to twist and turn that into “karma” now, but the words are there in black and white. I hope that continues to bring you such joy. Merry Christmas.
Go back and reread my post ... It is karma, but also schadenfreude. You might look it up. I am not denying for one second taking pleasure in seeing hypocrites who thought they were entitled to illegally gotten gains lose those gains.
Maybe like you I could sit back and justify people’s condoning and looking the other way at illegal stock trading and feel badly when they lost their money, and accuse others of ‘class envy.’ I could pat myself on the back and just marvel at what a big hearted soul I am.
Illegal is illegal, rich or poor. Maybe one day you will figure that out. Makoff’s clients were, after all, only the piano players.
Associate of mine has a friend that was in the forbes worlds richest 100 or 200 or whatever it is, ran a real estate investment firm I believe and was worth over 3.5 Billion, the company has collapsed and is now only worth $100 Million.
While that’s a lot of paper wealth to disappear, he’s hardly destitute. His lifestyle will change, but he’s never going to know what true struggling is.
Anyone who put every ounce of their money in one hedge fund (or any single basket) took a huge risk.
“As it is, I am enjoying this almost as much as the Chicago/Blago debacle.”
I reread your post and it’s just as despicable the second time as the first.
Live with it. In all your glee. Watch your back. That karma you love may be gaining on you.
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