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Madoff investors hope for bailout (More bailouts?????)
Google ^ | 12/18/2008 | JOE BEL BRUNO

Posted on 12/18/2008 6:45:21 PM PST by Red in Blue PA

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Sorry, this may sound cold, but I don't think these "investors" should get a bailout. They lost money through THEIR poor decisions. I have owned stocks which had CEO's which were poor performers, where is my bailout? And where does it stop?

Enough already.

1 posted on 12/18/2008 6:45:21 PM PST by Red in Blue PA
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To: Red in Blue PA
We will all have Che Guevara T shirts on before this is all over.

The slipping and sliding and slouching towards COMMUNISM in the United States--in my own lifetime--is absolutely STUNNING.

2 posted on 12/18/2008 6:47:37 PM PST by AmericanInTokyo (Bushbot-ism: The depths of subjective idiocy & academic dishonesty among so-called "Conservatives")
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To: Red in Blue PA

You want another bailout ???

Y’OK...

The check’s in the mail...


3 posted on 12/18/2008 6:49:05 PM PST by Tennessee Nana
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To: AmericanInTokyo

Hang Madoff and charge money. Give the proceeds to those who lost money.

That is about as far as the govt should go.

And if he was hanged, I GUARANTEE you people out there thinking of replicating this would think twice.


4 posted on 12/18/2008 6:49:09 PM PST by Red in Blue PA (Guns don't kill people; abortion clinics do.)
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To: Red in Blue PA

Uh, no.


5 posted on 12/18/2008 6:49:11 PM PST by Mad_Tom_Rackham (The committed will surely dominate the complacent.)
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To: Red in Blue PA
Her best hope to recoup some of her money is from the Securities Investor Protection Corp., an industry-funded organization set up by the government to protect investors from fraud.

Wait a second. The fund was set up and funded for exactly this purpose. If the Madoff investments qualify, this is not a "bailout". The fund should pay the investors according to its rules.

6 posted on 12/18/2008 6:49:44 PM PST by Onelifetogive (This space for rent.)
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To: Red in Blue PA

Perhaps if they are really desperate, they could go back to work-at least the ones under 65-70.


7 posted on 12/18/2008 6:50:32 PM PST by Maine Mariner
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To: Tennessee Nana
The check’s in the mail...

LOL

8 posted on 12/18/2008 6:52:48 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: Onelifetogive
It is if they want more than what the fund can give them!!
9 posted on 12/18/2008 6:54:19 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: Red in Blue PA
These “investors” were paid 10-12% a year until this "fund" collapsed. No bailout, give back your ill gotten gains and divide what is left...
10 posted on 12/18/2008 6:54:22 PM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Onelifetogive

Sorry, but I don’t think taxpayer monies should be going to these people.

The shareholders in Enron have all been paid? And GLobal Crossing? And Worldcom?

If not, these people can get in line.


11 posted on 12/18/2008 6:54:58 PM PST by Red in Blue PA (Guns don't kill people; abortion clinics do.)
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To: Red in Blue PA

I take some satisfaction in the fact that nearly all of the big-time investors were either wealthy liberal New Yorkers or the Foundations that are run by liberal New Yorkers.

They complained about “Bush policies” for so many years, let them live with the consequences of “Bush policies,” meaning 50-100% losses.

Of course, I don’t for a minute blame Bush ...


12 posted on 12/18/2008 6:55:16 PM PST by tom h
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To: Red in Blue PA
What's the problem, Madoff’s family has money, one way are the other it came from him, so the people who lost the money need to find some MS13 types to collect their missing money. End of problem.
13 posted on 12/18/2008 6:56:12 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: tom h

Alot of these people were running in the Hamptions......so-called “smart money”. As if there ever was such a thing.


14 posted on 12/18/2008 6:56:33 PM PST by Red in Blue PA (Guns don't kill people; abortion clinics do.)
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To: Red in Blue PA
About 10 years ago, a NY broker, had me transfer some $ into an account then he exercised a buy on an IPO I hadn't authorized. Sent a letter. Later the IPO went TU. The US Attorney in NY went after the guy, and he went to jail for 5 years :-)). Got about 1/3 of my money back.
15 posted on 12/18/2008 6:57:47 PM PST by stubernx98 (cranky, but reasonable)
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To: Onelifetogive

i agree “Madeoff” was allowed run under the radar because of his past...the 500k rule should be available...


16 posted on 12/18/2008 6:58:34 PM PST by databoss
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To: tom h

Doctors get caught in alleged Madoff scheme
By ROB VARNON
Staff writer

The retirement fund for a group of Fairfield doctors and more than 100 employees is among those that’s been jeopardized in the unfolding Bernard Madoff scandal.

http://www.connpost.com/ci_11247756


17 posted on 12/18/2008 6:58:52 PM PST by Red in Blue PA (Guns don't kill people; abortion clinics do.)
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To: databoss

So they get money because of who he was?

Ridiculous.

What about the people who lost money at Enron? Oh, they didn’t have the background of Madoff so screw them.

Nice.


18 posted on 12/18/2008 7:00:17 PM PST by Red in Blue PA (Guns don't kill people; abortion clinics do.)
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To: org.whodat

I think the limit is $500K.


19 posted on 12/18/2008 7:01:05 PM PST by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: stubernx98

Alot of the finacial people in NY destroy wealth, not create it.

I have been a believer in that for about 10 years.


20 posted on 12/18/2008 7:01:21 PM PST by Red in Blue PA (Guns don't kill people; abortion clinics do.)
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