[TigerLikesRooster]

The new year could start with twin outrages: Caroline becomes a US Senator and Madoff investors get bailout.

Not that this would surprise me. On top of them, Big 3 will get bailout which would eventually cost up to $100bn, and $1 trillion stimulus package.

[2harddrive]

What about us victims of Social Security? It is no better a Ponzi scheme.

[WilliamofCarmichael]

Headline?

Few winners in 20+ years
Congress To Bailout Lottery Losers
Estimates Americans spent 2.3 trillion on lottery tickets.

[Riodacat]

Hold the fricken phone here...
Many of the Bernie "victims" who received payouts over the years got back way more than their original investment plus what would have been considered a reasonable return. Those guys received stolen property (in effect).
Now THEY're gonna be rewarded?????????????????????

[JudgemAll]

I see... so the social life between Madoff and his “victims” must be bailed out.

It reminds me of certain “rape victims” who later on befriend the rapist.

Whores and pimps redefined, there, and the maintaining of evil “relationships”.

Ironic both Madoff and his “victims” spoke out during “bailout” time, uh? Just when the legal system was there backing the “victim”.

[Cheapskate]

ENOUGH!!!

NO MORE STINKIN BAILOUTS!

Why must the taxpayers pick up the check every time some congress critter,thief or paper pusher slip some cabbage in their pockets????

[pointsal]

Seems like these Madoff investors were plowing donations into political causes that I object to... let the buggers start over!

[Just mythoughts]

Liberals are going to need their election donors, why not use taxpayers money to fund them. They have been after socialized campaign financing for years. I just can't wait to hear lord McCain keep his election promise to name names....NOT

See liberals always require everybody to pay so a few of them can play.

Was there a particular incident that dried up Madeoff sources of money flow? Oil prices? I personally think the keeper of the economy knew about this scam when he threatened Congress to give him the keys to Ft. Knox.

[org.whodat]

"I think the US government should step up with funds to help like it has for the banking sector and the automotive sector."

Ok, everyone that has ever lost one penny are thought they lost so much as one penny due to the government action are in action get in line. Now paying ten to one.

LOL

That dumb-ass Jorge bush and Paulson have started one of the biggest piles of shi@ this country has ever seen.

[KeyLargo]

ACLU LOL!

Madoff's Ponzi Scheme Victimizes ACLU, Others | Written by John F. McManus Friday, 02 January 2009 20:43

MadoffIn a December 23 communication sent to the American Civil Liberties Union's benefactors, administration and finance director Alma Montclair reported that the organization will not receive the sum of $850,000 from two foundations whose contributions were counted on to continue the group's work. The unnamed donors, she stated, have been "forced to close their doors and terminate their grants" because they "have been victimized by the Madoff scandal."

Claiming that the ACLU is the nation's leader in the "critical" areas of "national security and reproductive freedom," Monclair, a 23-year veteran ACLU employee, asked for end-of-the-year donations from the group's long-standing supporters to cover the lost contributions.

Also, the Elie Wiesel Foundation for Humanity lost more than $15 million. Formed to combat anti-Semitism, its leaders reported on December 24 that because of having invested with Madoff, "substantially all of the Foundation's assets" had disappeared. Its release nevertheless insisted that it "remains committed to carrying on the lifelong work of our founder." Wiesel, who is now 80 years old and who launched the group 20 years ago, has also been personally victimized by Madoff's investment fraud.

Other Madoff victims include Yeshiva University, whose chief financial officer expects its losses will total $14.5 million. The Robert I. Lappin Foundation, a financier of trips to Israel for Jewish youngsters, will have to raise needed funds from elsewhere to make up for its losses. Duped investors include actors Kevin Bacon and Kyra Sedgwick.

Madoff's fraud reached overseas as well. In Austria, the Bank Medici expects that its clients who invested with Madoff will lose more than $2 billion. The bank's primary owner, Vienna resident Sonja Kohn, founded it in 1994 after having lived in New York City for several years. In Connecticut, the Westport National Bank has been drawn into the scandal because it acted as a custodian for funds invested with Madoff.

Madoff worked his scheme mainly on Jewish groups and individuals in Florida and New York. They now find themselves a great deal less wealthy if not completely wiped out. The Madoff operation, run mainly through his Bernard L. Madoff Investment Securities firm, is expected to cost once-eager clients approximately $50 billion in lost assets. http://www.thenewamerican.com/economy/markets-mainmenu-45/640

[Chgogal]

If the Government bails out these people who gave their “well connected golf buddy” their investment money then the Government had better bail me out as well. The Government would be wise not to bailout these greedy, stupid, lazy, poorly informed creeps. Yes, Zuckerman, I am including you IF you dare accept bailout money.

[Billthedrill]

Hooboy. They gave their money to a bad man and now they want it back from me. Nice work if you can get it.