Posted on 12/20/2008 5:32:39 PM PST by Smokeyblue
Edited on 12/20/2008 7:20:13 PM PST by Admin Moderator. [history]
Alexandra Penney
(Excerpt) Read more at thedailybeast.com ...
I think she has other problems besides losing her money.
They still hate Bush though.
trust, but Verify. No total investment in one place. Isn’t that the advice of every financial person of any reputable firm says? Diversify Diversify Diversify. I am sorry for your loss, but don’t mistake my empathy for sympathy.
Smart enough to save, smart enough to know the risk of investing in one place with one man. Heck, we even even sign prenuptual agreements with the person we plan to spend our lives with as a norm today! Don’t ya think a little more due diligence is in order when dealing with someone we don’t know well who is asking us to trust them with our hard earned money?
Sorry, no sympathy here. I wish you well, welcome to the ranks of those left out of the money game, and this time, thankfully so! And it is probably good you are self made, since we will be having to fend for ourselves for real for quite a while. There are many within your ranks who won’t know how.
She truly is a warm hearted person. I mean, she actually let’s some poor soul iron her 40 white shirts so she could send the money back to her family in Columbia. What a saint.
Tragic. I know multimillionaire New Yorkers who regularly take the subway not because they have to but because it's actually a very effective transit system. Losing many of the luxeries she describes doesn't need to fundamentally change her life, it just means she'll have to make some adjustments.
The one thing it will fundamentally change is the ability to spend money without thinking about it, but if she's really been as big a saver as she claims she's probably never spent like this in the first place.
((Many of us out there have had to do this....only we never had the luxury of writing and complaining about it... ;))
(choke) Couldn’t happen to a nicer liberal. (sniff) Guess she’ll have to crank out a few more of those “sex books” and send her “consort”, Dennis, out into the street to look for a few more of those “very strong tranquilizers”.
She’s had to cancel her newspaper subscriptions. The New York Times takes another hit.
Eggs, basket. Isn't this the very first thing a normal person learns about investing?
you would think so, but, from the size of this bilking, apparently not. Hard to have sympathy for these people. To whom much is given, much is required. No due diligence with their gift of wealth. Lazily invested where others said it was good. Many others avoided investing with him, as well as many firms because he was not transparent. These firms will collapse also, due to unbalanced fear and greed. First came greed without fear, now fear will be irrational and cause collapse. Maybe in a few years balance will be restored?
sw
Maybe Yolanda can teach her how to work for a living.
unfortunately, Yolanda is the one who is really going to get screwed by Madoff because ‘trickle down economics’ is real - the rich woman who hires her is now going to laying her off to save money. Yolanda just learned the truth about what Reagan told us in 1980.
Madoff will have put tens of thousands of service industry people out of work because their rich patrons are no longer comfortable enough to pay for everything to be done for them. The ‘rich’ might well still be ‘rich’ but they will be downsizing and spending less money on ‘the help’.
I,I,I,I, stuff,stuff,stuff, cleaning lady,stuff,I,I,I.....
Typical, materialistic, busy but purposeless.
One criminal can do a lot of damage in a myriad of ways.
My heart is just torn to pieces by this.
I’m sorry buy you should have edited this before posting. You can’t post stuff with terrible profanity in it here.
“…I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. “
Thomas Jefferson (1743 - 1826),
Letter to the Secretary of the Treasury Albert Gallatin (1802)
Having never had the luxury of much luxury, I’m glad I learned to be “poor” early in life. Having enough is good enough for me.
And I got a Bail Out of my own. Check at http://auntiecoosa.blogspot.com
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