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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: 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: 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: 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: Onelifetogive

There’s a cap from the securities protection fund IIRC. Somewhere between 100k and 500k. So if they invested millions, too bad. Anyone with millions should not have all eggs in one basket either, so no pity here.


26 posted on 12/18/2008 7:06:40 PM PST by heartwood (Tarheel in exile)
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To: Onelifetogive
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.

All of the "funds" cash was invested with Madoff.

56 posted on 12/19/2008 6:46:49 AM PST by dearolddad
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