Comments on: Wall Street Veteran Arrested for $50 Billion Fraud Scheme http://donklephant.com/2008/12/12/wall-street-veteran-arrested-for-50-billion-fraud-scheme/ Big Teeth. Huge Ass. Surprisingly Reasonable. Tue, 14 Feb 2012 14:03:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: TerenceC http://donklephant.com/2008/12/12/wall-street-veteran-arrested-for-50-billion-fraud-scheme/comment-page-1/#comment-431140 TerenceC Sun, 14 Dec 2008 01:43:34 +0000 http://donklephant.com/?p=11992#comment-431140 Well, atleast Madoff was honest about his crimes unlike the host of Wall Street "Titans" who weren't. Where did all that tax payer money go, and why have none of those clowns been forced into striped suits? Well, atleast Madoff was honest about his crimes unlike the host of Wall Street “Titans” who weren’t. Where did all that tax payer money go, and why have none of those clowns been forced into striped suits?

]]> By: Chris http://donklephant.com/2008/12/12/wall-street-veteran-arrested-for-50-billion-fraud-scheme/comment-page-1/#comment-430948 Chris Sat, 13 Dec 2008 16:11:19 +0000 http://donklephant.com/?p=11992#comment-430948 So what are you trying to say? People running the financial system are crooks? I never would've believed it... So what are you trying to say? People running the financial system are crooks? I never would’ve believed it…

]]> By: Mark Carruthers, CFP http://donklephant.com/2008/12/12/wall-street-veteran-arrested-for-50-billion-fraud-scheme/comment-page-1/#comment-430552 Mark Carruthers, CFP Fri, 12 Dec 2008 20:52:17 +0000 http://donklephant.com/?p=11992#comment-430552 Alan - Simple case of 'greed & fear'. Similar to your post, I penned some thoughts on Mandoff in my blog this morning. He should be tarred and feathered by his clients (along with the SEC). His investors should be reprimanded, or fess up a bit, for lack of due diligence. His acts though are outright fraud and he should be prosecuted. Cordially, Mark Carruthers, CFP http://honestfinancialadvice.blogspot.com/ Alan – Simple case of ‘greed & fear’. Similar to your post, I penned some thoughts on Mandoff in my blog this morning. He should be tarred and feathered by his clients (along with the SEC). His investors should be reprimanded, or fess up a bit, for lack of due diligence. His acts though are outright fraud and he should be prosecuted.

Cordially,
Mark Carruthers, CFP
http://honestfinancialadvice.blogspot.com/

]]> By: Alan Stewart Carl http://donklephant.com/2008/12/12/wall-street-veteran-arrested-for-50-billion-fraud-scheme/comment-page-1/#comment-430431 Alan Stewart Carl Fri, 12 Dec 2008 15:58:25 +0000 http://donklephant.com/?p=11992#comment-430431 Ben: Maybe I should have said "never work forever." And what are you saying about the name brand rip-off? Are you saying that $50 Rolex I bought off you isn't the real deal? Ben: Maybe I should have said “never work forever.”

And what are you saying about the name brand rip-off? Are you saying that $50 Rolex I bought off you isn’t the real deal?

]]> By: BenG http://donklephant.com/2008/12/12/wall-street-veteran-arrested-for-50-billion-fraud-scheme/comment-page-1/#comment-430377 BenG Fri, 12 Dec 2008 14:54:41 +0000 http://donklephant.com/?p=11992#comment-430377 Alan; All you needed towards the end of that post was to fade in the music from "Me Against the World" or "I Will Survive" to help make your point! Of course 'get rich' schemes work - constantly, continually, on every level of the economy. As we speak you or a friend near you is being sold a fake rip-off of a name brand product from a con man on ebay or the like. The ironic thing is that enough is never enough and the greed and arrogance of the very rich keeps them coming back for more so this sort of payback is allowed to happen. Problem is, as with the financial bailout, the average taxpayer keeps on having to foot the bill and I'm sure there were some innocent investors of this fund that were hurt very badly that didn't deserve it. Alan; All you needed towards the end of that post was to fade in the music from “Me Against the World” or “I Will Survive” to help make your point!

Of course ‘get rich’ schemes work – constantly, continually, on every level of the economy. As we speak you or a friend near you is being sold a fake rip-off of a name brand product from a con man on ebay or the like.

The ironic thing is that enough is never enough and the greed and arrogance of the very rich keeps them coming back for more so this sort of payback is allowed to happen. Problem is, as with the financial bailout, the average taxpayer keeps on having to foot the bill and I’m sure there were some innocent investors of this fund that were hurt very badly that didn’t deserve it.

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