Michael Madigan wrote: > The same with people who put their whole life savings into the hands of > Bernie Madoff. People who has 10s of millions of dollars needed that extra > couple of points.
Hi Michael, Madoff lived the life of Riley for years and now he is in Club Fed, which may be the most lavishly funded nursing home in existence. I wonder if he is banging one of the nurses aids . . . Wouldn't THAT be a headline! > The news media interviewed some of them and they were devastated. They lost > their entire savings because 100% of their retirement was in Enron stock. On > the other hand they violated the primary rule of investing and that is not > to put everything in one vehicle. They actually got very greedy and thought > that things could only go up. Still, people never learn and it will happen > again and again to others. >> On 1/6/2012 4:42 PM, Nicholas Geti wrote: >>> Yes. That is what happened at Enron and others. Gone. Zip. Nada. >> >> Does the govt step in then and fund the pensions? I would think not. >> Poor bastards. -- Regards, Pete http://pete-theisen.com/ http://elect-pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
