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Millionaire Widow Becomes Cleaner After Losing Fortune in Madoff's Alleged Ponzi Scheme
Daily Telegraph (UK) ^
| 1/23/09
| Catherine Elsworth
Posted on 01/23/2009 9:43:42 AM PST by marshmallow
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Human interest story, du jour.
To: marshmallow
These type of stories always piss me off. Am I suppose to feel sorry for someone who had millions of dollars but then invested it all with one person/account? The were sure happy collecting the returns on this money for numerous years.
People it is called diversifying your investments, look it up.
2
posted on
01/23/2009 9:51:50 AM PST
by
A Texan
(Oderint dum metuant)
To: marshmallow
This should serve as a lesson. Never put all your eggs in one basket.
3
posted on
01/23/2009 9:52:33 AM PST
by
darkwing104
(Lets get dangerous)
To: marshmallow
People who put all their fortune in investment funds are stupid.
4
posted on
01/23/2009 9:53:11 AM PST
by
jveritas
(God Bless our brave troops)
To: marshmallow
And it doesn’t look like she had unrealistic financial goals for this money. She was making 5.5% on her money, which is more than a CD but hardly too good to be true.
Should have spread that money around.
To: marshmallow
I can’t muster any sympathy for the rich, except that it’s a shame she didn’t spend that wealth she had before she lost it to help those less fortunate.
6
posted on
01/23/2009 9:54:21 AM PST
by
GraniteStateConservative
(...He had committed no crime against America so I did not bring him here...-- Worst.President.Ever.)
To: marshmallow
She didn’t make good financial decisions about where to keep the nest egg, but within a week she had a job. I admire this woman.
7
posted on
01/23/2009 9:56:12 AM PST
by
MarineBrat
(The New York Times is a Communist Kamikaze.)
To: marshmallow
If you’re cleaned out, I guess you DO become cleaner.
8
posted on
01/23/2009 9:56:52 AM PST
by
stylin19a
(I listen to the voices in my golf bag)
To: GraniteStateConservative
Why ? It was HER money. She and her husband earned it, and in the process paid taxes, some of which were used to help the “less fortunate”.
What a private person does with their own money is THEIR business, not anyone elses. . .
9
posted on
01/23/2009 9:59:18 AM PST
by
Salgak
(Acme Lasers presents: The Energizer Border: I dare you to try and cross it. . .)
To: marshmallow
With the struggle that we’re in, are we to fill sorry for some former wealthy beyond dreams woman that lived high and mighty and is now on the same level that we average people are? Nah, don’t have any sympathy left.
10
posted on
01/23/2009 10:02:48 AM PST
by
lilylangtree
(Veni, Vidi, Vici)
To: A Texan
She obviously did not consult the Bible when making investments. King Solomon had a lot to say about money.
11
posted on
01/23/2009 10:03:33 AM PST
by
LuxMaker
(The Constitution is a mere thing of wax in the hands of the judiciary, Thomas J 1819)
To: marshmallow
Heart breaking. Why is not Madoff in jail? Snatch a purse, jump a turnstyle, go to jail. Steal BILLIONS and stay in your upper-east side penthouse. Pisses me off.
He should be made to trade places with that woman.
12
posted on
01/23/2009 10:05:47 AM PST
by
LimaLimaMikeFoxtrot
("If you don't have my army supplied, and keep it supplied, we'll eat your mules up, sir"-Gen.Sherman)
To: A Texan
The story says she cleans offices but she is a registered nurse who was married to a doctor? It is sad but she is only 53 years old and RNs get paid well. RNs earn their money but she should be able to get a decent job as an RN.
13
posted on
01/23/2009 10:06:15 AM PST
by
Frantzie
To: LimaLimaMikeFoxtrot
Yep ...
And looking upthread, I see that marxist class-hatred is alive and well on FR.
Disgusting.
14
posted on
01/23/2009 10:07:08 AM PST
by
ArrogantBustard
(Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
To: marshmallow
raised some cash by selling off jewellery and a painting and returned thousands of dollars worth of items recently bought on credit cards.
A high maintenance women at the end of the tunnel, where she found no light.
15
posted on
01/23/2009 10:08:35 AM PST
by
wita
To: Salgak
Why ? It was HER money. She and her husband earned it, and in the process paid taxes, some of which were used to help the less fortunate.
What a private person does with their own money is THEIR business, not anyone elses. . . I'm not talking about paying taxes. Part of the reason she's so upset over this is because she can't live the pampered life she once had, and she feels like an "alien" (her word) in FL among the other rich people she knows. If she'd lived more modestly (especially after her husband died) and not been so class conscious, she'd not be so devastated personally. She'd have looked at the money as a blessing that had an expiration date. She could have spent all the excess doing God's work. "Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also." This woman was a fool.
However, it is her business. I agree. That's why I don't actually care about her plight.
16
posted on
01/23/2009 10:15:47 AM PST
by
GraniteStateConservative
(...He had committed no crime against America so I did not bring him here...-- Worst.President.Ever.)
To: Salgak
We should withhold judgment until we determine how many illegal aliens worked for the family.
17
posted on
01/23/2009 10:16:45 AM PST
by
donna
( I am confident that we can create a Kingdom right here on Earth. - Barack Hussein Obama)
To: GraniteStateConservative
I cant muster any sympathy for the rich Just... wow.
To: marshmallow
I feel sorry for her. She got lousy investment advice, not something everyone is an expert on. She’s also a widow now. But she’s dusting herself off and found a job. I hope she has other family in the area that can help her out.
19
posted on
01/23/2009 10:25:58 AM PST
by
SueRae
To: MarineBrat
20
posted on
01/23/2009 10:26:25 AM PST
by
knittnmom
(FReeper formerly known as 80 Square Miles)
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