By: Yossarian

Yossarian — Thu, 25 Dec 2008 07:43:45 +0000

This is Buffet’s ‘only when the tide goes out, can you see who’s been swimming naked’ writ LARGE.
In 1929, there were quite a few other Ponzi schemes that blew up… turns out, a financial bubble covers all sorts of ills. Watch for more .. and no, I’m not referring to Social Security.

By: Hutch

Hutch — Wed, 24 Dec 2008 22:10:09 +0000

Trying to settle this is going to get very interesting. That fact that some investors received stolen money in payments is going to drag this out for many years. Will investors that cashed out in years past have to reimburse a settlement fund? Will those that let their “earnings” accumulate be able to recover the taxes they paid on them? Do Madoff’s books show accurate deposits or will investors need to prove how much of their final statements were actual capital?…and WHY are they letting Madoff spend confessed stolen money on personal security instead of locking him up?
Igor says: foolish

Comments on: Madoff Killed Bernie's Decorative Fabrics — but had propped it up for years

By: Yossarian

By: Hutch