You did it.
No, you did it.
No, YOU did it.
One very wealthy couple has already put their house on the market and moved in with their grown kids. Then there’s the guy who smelled the recession coming, sold his expensive home here at the height of the market frenzy and, yes, invested it all with Madoff. Today — no home, no money. Others speak with great pity of the widow who invested her husband’s life insurance money with Madoff only to find herself left without a penny.
sorry, it was never there
What about the Trillions lost in the Fannie Mae ponzie scheme?
Pray for W, America and Our Freedom Fighters
So, is Madoff in custody or in some world corner that doesn’t allow extradition?
You did it.
No, you did it.
No, YOU did it.
Stories of people in need, especially during the Christmas season, always move me. This one however, nothing. Not glad, or sad, just nothing.
Many of the uber wealthy investors are demanding "The Government" (guess who that is?) bail them out and return their money.
Rush Limbaugh said earlier today that one of Madoff’s associates was found dead in his NY apt.
Was it suicide or murder was his question.
If you were worth $20 million and you lost 95% of it, you'd have $1 million left. A king's ransom to me but absolute penury to these high rollers, I imagine.
Enough to buy an extremely impressive home in my part of Georgia and still have a good bit left over to keep the wolf from the door.
That doesn't make losing a fortune any more palatable, of course, but it does mean that these people aren't quite at the stage where they require food stamps.
Apparently, a lot of people voted for change...and all they’re left with is change.
They got what they wanted, and they need to stop the whining.
They're are no losers.
Though no one was willing to divulge their name due to upcoming legal suits and the fear of being forced to return assets made through Madoff in earlier years, some did share their stories.
So let me get this straight: these chumps want us to bail them out for their losses from the scam, but they want to keep their gains from the scam?
To hell with these freeloaders. 95% loss was not enough.
Fortunately, the lawyers are involved now. That will suck up the remaining 5%.
d.o.l.
Criminal Number 18F
Parents of a friend of mine had most of their money in the now-worthless stock of a midwestern bank. No Christmas for them.
A local investment advisor, a friend of two friends of mine, lost a lot of people's money, and killed himself.
My parents are down 50% on their retirement savings.
A lot of sad stories will be shared in family gatherings this Christmas.
Before this is over, we will probably see or hear about many couples in exclusive locked gate communities with multi million $ huge McMansions suddenly announcing that they are broke.