Free Republic

Next time you’re in a jam, you might want to consider a lawyer other than Chuck Schumer. His 1600 SAT score and Harvard Law degree notwithstanding, the best defense the senior senator from New York could come up with on behalf of Treasury Secretary nominee Tim Geithner was much of a left-handed, damning with faint praise, compliment. It amounted to saying: hey, compared to some of the crooks on Wall Street, Geithner’s not bad! As per Gail Collins’s NYT column this morning: In the Senate, Schumer argues that Geithner’s errors “pale before the myriad mistakes made by the operators of...

"Madness is rare in individuals, but in groups, parties, nations and ages it is the rule" - Nietzsche This is the third time I have headed my post with that Nietzsche quote. This time, however, instead of using it to reinforce my position, I am going to juxtapose it against its uglier creature cousin that was created out of Obama's left leaning witches crew. The brew runs in the following way: "Financial health and virtue is rare in individuals, but in groups, parties, nations and ages it is the rule." The strategy used to destroy capitalism once and for...

Katzenberg, who was not specific about the size of his losses, said it was a "disgrace" that Madoff was currently free on bail adding that his own losses have done "extraordinary damage" to his philanthropic efforts. "The first time I heard the name Bernie Madoff was about three weeks ago," he said. "What it has done to other people is terrible. It's destroyed many people's lives. People that I know." Madoff, 70, a former chairman of the NASDAQ stock exchange, was arrested by the FBI on December 11 and charged with securities fraud after he allegedly told senior executives at...

Is the author of this complaint any relation to Madoff. They appear to have the same last name.

To Our Friends: We are deeply saddened and distressed that we, along with many others, have been the victims of what may be one of the largest investment frauds in history. We are writing to inform you that the Elie Wiesel Foundation for Humanity had $15.2 million under management with Bernard Madoff Investment Securities. This represented substantially all of the Foundation's assets. The values we stand for are more needed than ever. We want to assure you that the Foundation remains committed to carrying on the lifelong work of our founder, Elie Wiesel. We shall not be deterred from our...

If the roller coaster ride on Wall St. was not enough to give investors nightmares, the news of the Ponzi style scam of Bernard Madoff is sure to cause many a sleepless night. Madoff made a name for himself as an investment advisor to the ultra-rich, who promised and fulfilled double-digit returns in either a bear or a bull market. His con lasted for more than 4 decades before his historic $50 billion swindle came to an end. The scam is a relatively simple idea of taking money from investors and instead of legally investing the funds; he would pay...

Bat Boy reportedly flew into a rage when he heard the news on his cave’s short-wave radio. It seems he has now made it his personal mission to bring Madoff to justice. Madoff was so shaken by Bat Boy’s threats that he has approached the NYPD for protection. When a lieutenant showed him no pity, Madoff screamed, “Have you seen that freaky kid? Have you seen his teeth?! You have to help me!”