Correction. The problem was that Madoff never bought a damn thing. All
he did was shovel money from new investors to previous investors, the
definition of a Ponzi scheme.
Jeff Miles wrote:
I did say 9+years. I wasn't sure how long he'd been ripping a lot
of us off. But anyway, that was kind of my point. Why aren't these
people under arrest who where charged with over seeing this kind of
stuff and chose to ignore it? Or weren't smart enough to see it even
when they were told it was going on?
Just to keep this on list topic, this is the problem I see with
Microsoft. They're huge and powerful and can afford to keep the
competition either down, or buy them. I think Madoff did a lot of buying.
Jeff M
On May 13, 2009, at 7:14 PM, mike wrote:
9 years? Longer then that. He started in the early 90's. By the
way, a
lot of the same people who were charged with knowing about this sort of
thing are still there.
On Wed, May 13, 2009 at 6:52 PM, Jeff Miles <jmile...@charter.net>
wrote:
Excuse my interruption, but didn't he get rich off of not only
fraud, but people who where in the know and charged with stopping
this kind
of thing and did know and did nothing? And did nothing for 9+years.
It seems
to me like it was similar to telling a compulsive thief to not take the
money and then give him the keys to the bank and trust him to
protect it.
Jeff M
On May 13, 2009, at 8:06 AM, Jeff Wright wrote:
A marketing term used to promote anarchy and rule by the rich. "Free
Market" is what made Bernie Madoff a billionare.
OK, so you don't know what it is. That factoid is a real time
saver for
me.
*pssst* He got rich off of fraud. I tell you this so you don't go on
being confused and embarrass yourself at cocktail parties.
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