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Madoff Might Not Have Made Any Trades
Boston Globe ^
| 1/15/09
| Beth Healy
Posted on 01/15/2009 6:30:54 AM PST by marshmallow
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To: marshmallow
So, if Bernie Madoff was not making trades there were never any trading irregularities for the SEC to investigate!
I think we have a clue about what's going on here ~
2
posted on
01/15/2009 6:36:48 AM PST
by
muawiyah
To: marshmallow
Trades? We don't need no stinkin' trades!
3
posted on
01/15/2009 6:43:43 AM PST
by
TruthShallSetYouFree
(Abortion is to family planning what bankruptcy is to financial planning.)
To: muawiyah
It’s totally absurd that the SEC would not have known this, especially after their “investigation”.
4
posted on
01/15/2009 6:44:14 AM PST
by
Paladin2
(No, pundits strongly believe that the proper solution is more dilution.)
To: muawiyah
He still filed false financial reports. The big question is why didn’t the SEC find this suspicious. It’s like a Mack Seennet comedy. A buy in a mask, beret, and a striped shirt wearing a sign saying “I am a crook” walks by a Keystone Cop, tips his hat and walks on as the cop beams.
5
posted on
01/15/2009 6:45:31 AM PST
by
DManA
To: Paladin2
If I give you a billion dollars and you just stick it in a wall safe what is there for the SEC to investigate?
Madoff simply stole the money ~ that's a job for the FBI. The complainants were going to the wrong agency!
6
posted on
01/15/2009 6:46:35 AM PST
by
muawiyah
To: DManA
Did he file any financial reports at all? When you’re stealing peole’s money why would you do something foolish like that?
7
posted on
01/15/2009 6:47:21 AM PST
by
muawiyah
To: muawiyah
So, if Bernie Madoff was not making trades there were never any trading irregularities for the SEC to investigate! I think we have a clue about what's going on here ~ Please explain. Why would people invest thinking there was 'trading' taking place? Geeeze this mess is so out there I am not even sure what questions to ask... Was there ever 50billion in the first place?
8
posted on
01/15/2009 6:47:33 AM PST
by
Just mythoughts
(Isa.3:4 And I will give children to be their princes, and babes shall rule over them.)
To: marshmallow
I'm starting a new fund, It is called the green stamp premium fund. You give me your money and I will give you green stamps. Only selected donors may apply.
We are not going to handle any small trash on the ground floor!!!
9
posted on
01/15/2009 6:50:09 AM PST
by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: marshmallow
So if there were no trades does that mean that much of the 50 billion is out there in some hidden offshore accounts somewhere?
You take this guys case and the case of the guy that parached from his plane over Alabama last week and you have to wonder how many of these guys are out there and how could people be so careless with what might be life savings?
To: Just mythoughts
Madoff took money in. He also paid some money out. He simply never invested any of it anywhere ~ although folks assume he has a stash somewhere (which might not be the case).
He gave his "customers" simple reports that just made up stuff.
You could do this with nothing more elaborate than a pre-printed formal letterhead, Quicken and an inkjet printer.
One guy.
11
posted on
01/15/2009 6:50:33 AM PST
by
muawiyah
To: muawiyah
Ummm, no. Madoff’s firm was selling participation investments which didn’t exist.
To: Paladin2
Was author anderson his CPA’s!!!!
13
posted on
01/15/2009 6:51:22 AM PST
by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: org.whodat
Next week we plan on opening the Green Stamp Hedge Fund Division.
14
posted on
01/15/2009 6:52:57 AM PST
by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: muawiyah
On the contrary—this is the equivalent of missing the elephant in the living room. How could any SEC investigation failed to have noticed that he wasn’t making any trades? Looking at trades should have been the first step in any investigation and should have raised HUGE red flags if uncovered.
15
posted on
01/15/2009 6:53:39 AM PST
by
rbg81
(DRAIN THE SWAMP!!)
To: muawiyah
Maybe a more accurate scene is a guy in a mask, beret, and a striped shirt carrying a bag of loot tosses a Keystone cop a wad of cash and the cop pockets it and turns his back.
16
posted on
01/15/2009 6:53:39 AM PST
by
DManA
To: rbg81
There had to be bribes paid to the very top of the SEC. This is the scandal of the century.
17
posted on
01/15/2009 6:54:51 AM PST
by
DManA
To: Paladin2
Hey, how would they find time...after all the got that master criminal Martha Stewart(sarcasm).
18
posted on
01/15/2009 6:55:06 AM PST
by
bronxboy
To: Mr. Lucky
His clients were "told stuff", none of it true. First, remember this, nothing is normal about any of this. He lied to people and they gave him money. He felt no guilt because, as it turned out, they were greedy and knew doggone well no one can guarantee a 15% return year in and year out.
Madoff must have been a Gypsy changeling ~
19
posted on
01/15/2009 6:56:39 AM PST
by
muawiyah
To: muawiyah
that's a job for the FBIOr maybe the "Russian" mafia. That is why he wears kevlar to court.
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