[Dinsdale]

Have you ever met anybody who has been rich their entire life?

No way on earth they can get a job earning the average wage.

These people are so obnoxious they have to pay their dogs to like them.

They will all try to sponge off other rich people! Guess what? Their former friends will treat them like the poor people they now are.

They will piss away their remaining assets.

Their idea of financial acumen was ‘never spend principle’! Now that’s not an option.

[Arkinsaw]

No way on earth they can get a job earning the average wage.

I am not a class warrior. Rich people established a company that has provided me the opportunity to feed my family for 20 years and provide them health care and education.

But what I do oppose is the idea that it is shocking that wealthy people have been exposed to....gulp.....risk. There is a certain arrogance that no matter how bad it gets....some people still deserve big returns on whatever they do and somehow are supposed to be immune to risk and that it is a shocking tragedy when reality intrudes to end perpetual forever growth.

[Arkinsaw]

Also...there is a certain laziness to all this.

People with vast sums, and not much else to do, did not even take the time to properly manage the vast sums that kept them in style.

I mean, some of these had nothing else to do but travel and golf, yet couldn't even take the time to examine their own investments. Many just shoveled it off to the magic elf to do all the work. And not just parts of it....the whole kit and kaboodle put into a black box. I guess it is unseemly to delve into your own finances, or a pain.

From what I have seen, a LOT of people on Wall Street had doubts about Madoff. It's almost as if some of these people at his country club didn't even bother to do the minimum of checking before dumping billions on the guy.