"Madoff"

saden1 · 12-14-2008, 01:30 PM

Wow, talk about the biggest pyramid scheme ever. Me think this is the end of the road for private hedge funds.

dmek25 · 12-14-2008, 01:44 PM

this goof ball should be facing major jail time. i guess there is no such thing as " enough"

firstdown · 12-15-2008, 02:30 PM

I had a buddy who was taking for about 1 million bucks over the past year.

70Chip · 12-17-2008, 04:05 AM

I have a hard time feeling much pity for Senor Speilbergo. It's greed. I don't want 6% on my 200 million, I must have 11%. Well, nobody gets 11% forever and always. Next time. buy real estate.

saden1 · 12-17-2008, 09:14 AM

I don't feel sorry for any of these guys. How f'ing stupid can you be to think someone can deliver consistent positive rate of return, even in a downturn market. With the kind of money they have shouldn't they have personal accountants and investors to watch their investments?

The real problem is how the SEC allowed for an environment where people like Madoff can get away with setting up a Ponzi Scheme and fleece 50 billion from people.

12-14-2008, 01:30 PM	#1
saden1 MVP Join Date: Feb 2004 Location: Seattle Age: 45 Posts: 10,069	"Madoff" Wow, talk about the biggest pyramid scheme ever. Me think this is the end of the road for private hedge funds. __________________ "The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins

12-14-2008, 01:44 PM	#2
dmek25 MVP Join Date: Oct 2005 Location: lancaster,pa Age: 63 Posts: 10,672	Re: "Madoff" this goof ball should be facing major jail time. i guess there is no such thing as " enough" __________________ "It's better to be quiet and thought a fool than to open ones mouth and remove all doubt." courtesy of 53fan

12-15-2008, 02:30 PM	#3
firstdown Living Legend Join Date: Oct 2004 Location: chesapeake, va Age: 60 Posts: 15,817	Re: "Madoff" I had a buddy who was taking for about 1 million bucks over the past year.

12-17-2008, 04:05 AM	#4
70Chip Playmaker Join Date: Jan 2006 Location: Manassas Age: 53 Posts: 3,048	Re: "Madoff" I have a hard time feeling much pity for Senor Speilbergo. It's greed. I don't want 6% on my 200 million, I must have 11%. Well, nobody gets 11% forever and always. Next time. buy real estate. __________________ This Monkey's Gone to Heaven

12-17-2008, 09:14 AM	#5
saden1 MVP Join Date: Feb 2004 Location: Seattle Age: 45 Posts: 10,069	Re: "Madoff" I don't feel sorry for any of these guys. How f'ing stupid can you be to think someone can deliver consistent positive rate of return, even in a downturn market. With the kind of money they have shouldn't they have personal accountants and investors to watch their investments? The real problem is how the SEC allowed for an environment where people like Madoff can get away with setting up a Ponzi Scheme and fleece 50 billion from people. __________________ "The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins

"Madoff"

Parking Lot