Clearly Bush was more concerned with putting restrictions on the $17B
given to the auto Industry than he was in connection with the $750B
given to bail out Wall Street and the banking industry, which was given
totally without any restrictions as to its use. FRANC

-----Original Message-----
From: MoPo List [mailto:[email protected]] On Behalf Of Patrick
Michael Tupy
Sent: Saturday, December 27, 2008 12:47 PM
To: [email protected]
Subject: Re: [MOPO] WAY OT: What drove Bernie Madoff


Am I the only one who thinks the 'bailout' was an end-around move to get
massive no strings attached 
tax-payer money into Wall Street after Bush failed to get the huge pool
of Social Security money 'privatized'
and into the coffers of Wall Street?


Patrick


On Dec 27, 2008, at 9:38 AM, Susan Heim wrote:


    I agree with you Bruce. What drove Bernie Madoff was greed. As for
his "investors", greed played a part there also, but there is nothing
wrong with making a profit. The fact that the promises made to these
investors was so great, that should have been their red flag. We would
all be naive to believe that there are not hundreds of Bernie Madoff's
out there manipulating at one level or another. Look at these companys
that have been and are being "bailed out" by our representatives who
deemed they deserved it. What happened to representing your
constituents. I haven't spoken to one person that would have approved
these bailouts. In fact, most people I have spoken to were and are
adamantly against the bailouts.....and the bonuses just keep on coming!!
Some of these defense attorneys....blah, blah, blah, all the way to the
bank!!
 
     As for the SEC being asleep at the wheel, I think it was way more
than that and wonder how many pockets go padded to look the other way.
As for tying this to movie posters, that's where most of my investment
is. I know it, I can count on it, I have it insured and I trust most of
the people involved in it. So, that combination works for me. 
 
     Happy holidays everyone and I hope a better year coming for all.
 
Sue
www.hollywoodposterframes.com 



  _____  


Date: Fri, 26 Dec 2008 10:19:42 -0600
From: [email protected]
Subject: [MOPO] WAY OT: What drove Bernie Madoff
To: [email protected]



I looked at the cnn site just now and they have an article entitled,
"What drove Bernie Madoff".
 
It tells about what a brilliant man he is, and it concludes "Several
people who know Madoff say his saga reminds them of a Greek tragedy.
Just like Icarus who tried to fly too close to the sun, Bernie Madoff
destroyed himself in his unending quest for success and respect. Says
Madoff's defense attorney, 'this is a tragedy.'"
 
This really offends me. He was a crook who has done untold damage to
tens of thousands of people's lives (counting the many charitable groups
he ruined) and he did so in the worst possible way, by being a
confidence man who won their trust and then betraying it.
 
The people who were swindled have some responsibility, because they
forgot the old adage "if something seems too good to be true, it
probably is", but their doubts were overcome by their basic greed in
wanting those great returns, and in their belief that no one could be
dishonest and operate on that scale.
 
But this crook is the lowest of the low, and deserves no sympathy and is
not "tragic" by any measure.
 
What do YOU think?
 
Bruce
 
P.S. If one thinks this has nothing to do with movie posters, it seems
an absolute certainty there will be one or more movies made about this
fraud, and that opens the question of what title they will choose (maybe
"The Death of Icarus"?) and who will be chosen to play the lead role!
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