Posted on 12/15/2008 2:41:47 AM PST by jimbo123
The repercussions from this scam will be huge; fasten your seat belts.
Seems like the main victims of this Madoff were his fellow Jews and Jewish charities. Look for some kind of insanity defense for Madoff like bi-polar or something. One Boston Jewish charity (Lappin) is now bankrupt. Madoff is going to hell
The repercussions from this scam will be huge; fasten your seat belts..........
That’s any easy one. More exiting from hedge funds.
Less confidence in money managers of all stripes
Unbelievable.
It just goes to show that none of us are “safe”. Anything could happen at anytime. We live in truly strange times...
Pray for your neighbors, pray for your country.
Most of these people are liberals. Can you say “bailout”.
Madoff is Jewish?
We’ll see but I doubt it.
No FDIC insurance. High returns means high risks. No one in government in the current climate, which is only going to get worse, wants to be seen bailing out the ultra wealthy.
The nouveau poor always make for great New Yorker cartoons.
They scream at the rich to pay more taxes, yet in this second go around of Hedge Fund instruments ( if my memory is correct "Babs" got burnt in the 1st round circa late 90's early 2000 ) many liberals are getting creamed.
Do they not understand risk/reward/asset allocation or are they just that greedy?
They would have been better off with the Wealth Mgt side of either Schawb or Vanguard or possibility a Fee-Only Firm for the high net worth crowd.
If they wanted risk and truly believed in "Green Technologies" they could have but the money in Venture Capital and maybe, just maybe changed the world if it worked....
Madoff is just another Socialist, so hopefully he took a bunch of socialists with him.
Mets fans gets ready.. The price of tickets will be going up soon.
Zuckerman is a regular on the McLaughlin Group, and on a show maybe 3 or 4 months ago he was asked where viewers should be stashing their cash in light of the financial instability.
Zuckerman virtually screamed “T-bills!” and that has stuck with me ever since, as Zuckerman is no dummy and he was quite adamant about it. Also, within the last year Zuckerman has also bailed out of one of the larger REITs (Boston Properties IIRC) and that caused a bit of a stink but has also proven to be prophetic.
This story warrants a lot of skepticism.
Nothing like putting all your eggs in one basket. But look at the bright side. They've got almost a third of it left.
As Will Rogers once said, “I’m more interested in the return OF my money than the return ON my money.”
How is this going to be Bush’s fault?
Seems like a lot of JINO’s got caught up in this — and JINO institutions. Torah Jews are naturally more skeptical. Basic Derech Eretz teaches that most people, given the opportunity, are inclined to theft. Upside? We won’t have to endure their silly Tikkun Olam nonsense politics — they’ll be too busy healing their own little worlds. And these NY/LA Demabots will hopefully slither off into irrelevance — under a bus of their very own!
lot’s of contributers to the Democrat and Republican parties. they all take care of each other.
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