I’m sure that there are plenty of real victims here, but I cannot help but chuckle at the people who have $5M+ and cannot live off a safe 5% return-but need to chase the BIG YIELDS...when I have not even one tenth of that amount and would never trust a person...no matter who with that money.
What happened to “Republicans are the party of the Rich?”
It won’t be too long before they’re asking for a Taxpayer bailout, and their biggest advocates in Congress will be leftist Democrats.
Gotta' be a bunch of Leftwingtards in there.
They'll all complain that George Bush let this happen. Can hardly wait until they start demanding Obama redo all the trades so they can get their money back like it was some kind of election in Florida.
Same crowd.
It's the water.
It' called 'Keeping AHEAD of the Joneses'.
Their self esteem seems to be directly tied to the size of their bank account.
***when I have not even one tenth of that amount and would never trust a person...no matter who with that money.***
Mt friend, my pal! I have a worm farm I would like you to invest in! ;-)
Keep it simple and cheap!
What’s even more astounding is those people with $5M or more could have reaped even higher profits over the last 8 years if they’d just put it into physical GOLD instead, which has outperformed all of the indexes.
Actually, the returns Madoff was reporting weren’t all that big, they were just very abnormally consistent. It was regarded as a very safe and moderately high-yielding investment, not a way to chase super-high returns.