[Red in Blue PA]

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.

[AmericanInTokyo]

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.

[Tennessee Nana]

You want another bailout ???

Y’OK...

The check’s in the mail...

[Mad_Tom_Rackham]

Uh, no.

[Onelifetogive]

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.

[Maine Mariner]

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

[2banana]

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...

[tom h]

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 ...

[org.whodat]

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.

[stubernx98]

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.

[cripplecreek]

I’ve wasted my life thinking that investing was a gamble. Little did I know that all I had to do was get ripped off to get rich.

Maybe I should ask for a bailout.

[BossLady]

To follow this logic...anyone who lost money on their 401Ks ect should get a bailout.

A perfect illustration of this whole scenario is a victorian novel by Anthony Trollope called 'The Way We Live Now'....it was made into an excellent BBC Series a few years ago. 'Speculating' is what this used to be called....maybe we should go back to that terminology ;)

[Revolting cat!]

I thought that was Steven Spielberg with a squeegee at the freeway exit this evening!

[Smokeyblue]

Some enterprising film or t.v. producer should head to Palm Beach and offer the “newly poor” a chance to make some money by being in a new reality show or movie.

Call it:

Trading Places - Part Deux - This Time It’s For Real.

We can watch them stumble around a Walmart (What’s a Walmart?) Watch them try to figure out how to pump their own gas, watch them try to raise their children without a nanny, watch them go through plastic surgery withdrawl... hilarity ensues.

[Lady Jag]

We peons need to get organized.

[lilylangtree]

NO MORE BAILOUTS. These jerks made their millions and by the devil, the swam in their millions. Now because their paupers because of the bad-decision making, they want a bailout? No way, No how, No chance.

[razorback-bert]

From yesterday's Daily Reckoning:

The latest reports say Madoff promised investors steady 13% returns. How could he do that? Of course, he couldn’t. Stocks have gone nowhere for the last 10 years. The average rate of return? Zero. Promising 13% was clearly a flim flam. But investors must have guessed that he was swindling his retail trading customers in order to deliver steady, above-market returns to his investment accounts. They may not have understood how it worked, but maybe they didn’t want to.

Nobody is as easy to scam as a scammer...and Madoff scammed them all. Bravo!

[abigail2]

Where is all the money he stole? He couldn’t have spent it. THat is very curious to me....

[popdonnelly]

Stop the madness.

[formerliberal_nowconservative]

Just my opinion, but I think that a bunch of CEOs caught stealing and convicted of such should start get executed, publicly. It would clean things up in the financial business pretty quick.

[divine_moment_of_facts]

You have to be kidding me! LOL!