Ping!
Wait until Bernie Madoff’s defense comes out -— “I was bi-polar and taking lots of meds”
This scandal is a real jolt to the Jewish people of which I am one. Too much worshiping of the Golden Calf
“Screenwriter Eric Roth claims his “trusted investment manager,” Stanley Chais, “simply handed off” his money to Madoff while collecting “enormous fees.”
Stupid is as stupid does.
A gov’t. bailout on the horizon???
Why the hell would anybody allow someone else to MANAGE their $$$$
The majority of Madoff fleecing victims had no idea they were invested with Madoff. Funds parked assets with Madoff to avoid SEC notice that the $$ was actually moving from the Funds to Madoff’s balance sheet. They were never informed, and had no ability to find out, that the money was with Madoff. Even if they knew it, they’d need a PHD in advanced mathmatic theory to figure out what was going on with Madoffs high-volume investment supercomputer programs.
The people who got truly robbed in this were the soft millionaires, people who both earned and were still in the process of earning that money. Newsflash, Freepers: You cant work the 60-80 hrs/week to make that money, then somehow magically invent another 60-80 hrs a week to manage your own investments on a hr-by-hr basis. If you try, you can forget about the whole ‘married with children’ thing.
A lot of these people were robbed of their life savings, outright, while the policing agencies their taxes were removed to fund were playing FreeCell and masterbating to pictures of Alan Greenspan.
I didn't pay for Enron and I'm not paying for Madoff... Madoff was paying his chosen few 18% - doubling their money every four years. And he did that for years. Madoff's older investors should pay his newer investors.
When it's too good to be true, it's either not that good or not that true...