Comments on: Bernie Madoff’s Gullible Investors and Guileless Regulators http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/ Thu, 16 Feb 2012 02:44:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Revi http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/#comment-197661 Revi Fri, 06 Feb 2009 02:18:08 +0000 http://pajamasmedia.com/?p=45169#comment-197661 Not to worry---I'm sure there are plenty of Bernie Madoffs waiting in the wings--with new "complex" schemes! Not to worry—I’m sure there are plenty of Bernie Madoffs waiting in the wings–with new “complex” schemes!

]]> By: HS http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/#comment-196469 HS Tue, 03 Feb 2009 21:28:42 +0000 http://pajamasmedia.com/?p=45169#comment-196469 Thanks for the warning about financial advisers. She obviously didn't do due diligence. Thanks for the warning about financial advisers. She obviously didn’t do due diligence.

]]> By: ZP http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/#comment-195385 ZP Mon, 02 Feb 2009 04:50:44 +0000 http://pajamasmedia.com/?p=45169#comment-195385 The Wall Street Journal is really amazing! Didn't know anyone was ever on to Madoff. Has fraud become easier to pull off, in this age of modern media? Or has fraud always been with us, in keeping with the tools of the times? The Wall Street Journal is really amazing! Didn’t know anyone was ever on to Madoff.
Has fraud become easier to pull off, in this age of modern media? Or has fraud always been with us, in keeping with the tools of the times?

]]> By: Marc Malone http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/#comment-193281 Marc Malone Wed, 28 Jan 2009 22:08:01 +0000 http://pajamasmedia.com/?p=45169#comment-193281 Ms. Miller, since you proclaim yourself to be a wordsmith, the phrase is "one and the same" (no hyphens), not "one-in-the-same". I wouldn't say anything, normally, but I agree with #7. Don't start quoting Obama's rhetoric. It's just rhetoric. It never means anything. Ms. Miller, since you proclaim yourself to be a wordsmith, the phrase is “one and the same” (no hyphens), not “one-in-the-same”. I wouldn’t say anything, normally, but I agree with #7. Don’t start quoting Obama’s rhetoric. It’s just rhetoric. It never means anything.

]]> By: C.Me http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/#comment-192929 C.Me Wed, 28 Jan 2009 02:01:59 +0000 http://pajamasmedia.com/?p=45169#comment-192929 It's easy to blame the regulaters and hard to take personal responsibility. It’s easy to blame the regulaters and hard to take personal responsibility.

]]> By: Self-hating Boomer http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/#comment-192806 Self-hating Boomer Tue, 27 Jan 2009 19:30:04 +0000 http://pajamasmedia.com/?p=45169#comment-192806 <blockquote>Obama wasn’t talking about Madoff in particular — or the careless enablers — but he was talking about the zeitgeist that allowed this spectacular Ponzi to flourish. </blockquote> It's amazing how 0bama's words mean so many different things to so many different people. A bit Nostradamus like. Or maybe more like the Koran. Ms. Miller, it was a great piece until you jumped head first into that tar pit. Faithless people like me will never know the head buzz of Teh One. All I can do is wonder what it's like.

Obama wasn’t talking about Madoff in particular — or the careless enablers — but he was talking about the zeitgeist that allowed this spectacular Ponzi to flourish.

It’s amazing how 0bama’s words mean so many different things to so many different people. A bit Nostradamus like. Or maybe more like the Koran.

Ms. Miller, it was a great piece until you jumped head first into that tar pit. Faithless people like me will never know the head buzz of Teh One. All I can do is wonder what it’s like.

]]> By: SAF http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/#comment-192759 SAF Tue, 27 Jan 2009 17:54:29 +0000 http://pajamasmedia.com/?p=45169#comment-192759 We are a nation of men not of laws. Madoff and Buffet started out around the same time under the same set of rules and same economic sea. Madoff stole all his clients money and Buffet made his clients millionaires. More laws will not fix this. A complete rewrite is necessary and also people need to heed the old maxim: Buyer beware. We are a nation of men not of laws.

Madoff and Buffet started out around the same time under the same set of rules and same economic sea. Madoff stole all his clients money and Buffet made his clients millionaires.

More laws will not fix this. A complete rewrite is necessary and also people need to heed the old maxim: Buyer beware.

]]> By: Marie Claude http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/#comment-192689 Marie Claude Tue, 27 Jan 2009 15:38:40 +0000 http://pajamasmedia.com/?p=45169#comment-192689 <i>The good news in the interview is that Wall Street investors may now understand that there are three important “R”s to mind: Risk, Regulation, Responsibility. For many years, investors bought into “riskless” investing and the efficacy of self-regulation (who needs oversight — clearly these guys wouldn’t put themselves out of business?!). It seems investors are replacing “riskless” in their personal lexicons with a much more important word: Responsibility. It’s nice to know it’s making a comeback.</i> Ouch, not quite : <i>In fact, Madoff used Jewish charities to build up immunity from snoopers. Anyone suspected of being anti-Madoff was leaned on—heavily. There were many who steered clear of Madoff nonetheless. In 2003, the French Société Générale figured that Madoff’s numbers didn’t add up and placed him on its blacklist. <b>The trouble is that the U.S. government will not go all the way while prosecuting Madoff. Uncle Sam would if there were pension funds involved</b>, but going to bat for some rich white Europeans is not Sam’s habit. Obviously Madoff has hidden assets, perhaps in the billions, and most of his feeder fund managers have money, too. I don’t see any of them wearing striped pyjamas any time soon. Smart lawyers, the best money can buy, will defend them against underpaid government mouthpieces. The leading players so far have maintained a stony silence, making sure to avoid any kind of apology or statement of responsibility</i> http://www.takimag.com/blogs/article/madoffs_make_away and bizarre business ???? <i>Almost forgotten in the Madoff scandal is another scandal in which Morris “Moshe” Talansky, a New York businessman, admitted that he gave Olmert $150,000 in cash contained in envelopes.</i> http://onlinejournal.com/artman/publish/article_4234.shtml So, who is afraid of Mad Wolf ???? The good news in the interview is that Wall Street investors may now understand that there are three important “R”s to mind: Risk, Regulation, Responsibility. For many years, investors bought into “riskless” investing and the efficacy of self-regulation (who needs oversight — clearly these guys wouldn’t put themselves out of business?!). It seems investors are replacing “riskless” in their personal lexicons with a much more important word: Responsibility. It’s nice to know it’s making a comeback.

Ouch, not quite :

In fact, Madoff used Jewish charities to build up immunity from snoopers. Anyone suspected of being anti-Madoff was leaned on—heavily. There were many who steered clear of Madoff nonetheless. In 2003, the French Société Générale figured that Madoff’s numbers didn’t add up and placed him on its blacklist.

The trouble is that the U.S. government will not go all the way while prosecuting Madoff. Uncle Sam would if there were pension funds involved, but going to bat for some rich white Europeans is not Sam’s habit. Obviously Madoff has hidden assets, perhaps in the billions, and most of his feeder fund managers have money, too. I don’t see any of them wearing striped pyjamas any time soon. Smart lawyers, the best money can buy, will defend them against underpaid government mouthpieces. The leading players so far have maintained a stony silence, making sure to avoid any kind of apology or statement of responsibility

http://www.takimag.com/blogs/article/madoffs_make_away

and bizarre business ????

Almost forgotten in the Madoff scandal is another scandal in which Morris “Moshe” Talansky, a New York businessman, admitted that he gave Olmert $150,000 in cash contained in envelopes.

http://onlinejournal.com/artman/publish/article_4234.shtml

So, who is afraid of Mad Wolf ????

]]> By: Mike2 http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/#comment-192687 Mike2 Tue, 27 Jan 2009 15:38:28 +0000 http://pajamasmedia.com/?p=45169#comment-192687 Bernie Madoff knew one thing well and that was PT Barnum's maxim. Yep, there's a sucker born every minute. I bet he never serves any jail time. --------------------------------------------- Becoming John Galt Bernie Madoff knew one thing well and that was PT Barnum’s maxim. Yep, there’s a sucker born every minute. I bet he never serves any jail time.
———————————————
Becoming John Galt

]]> By: goy http://pjmedia.com/blog/bernie-madoffs-gullible-investors-and-guileless-regulators/#comment-192647 goy Tue, 27 Jan 2009 14:12:12 +0000 http://pajamasmedia.com/?p=45169#comment-192647 "Riskless"... "riskless"... Where have I heard that term used before...? Oh yes, <a href="http://www.agoyandhisblog.com/2008/10/21/just-lucky/" rel="nofollow">now I remember</a>, it was when Franklin Raines was bilking American taxpayers out of billions of dollars while buying votes for Democrats, who ran interference for him. <b>@gordo</b>: We the People keep re-electing these scum. Why should they consider themselves accountable or take responsibility for anything? “Riskless”… “riskless”…

Where have I heard that term used before…?

Oh yes, now I remember, it was when Franklin Raines was bilking American taxpayers out of billions of dollars while buying votes for Democrats, who ran interference for him.

@gordo: We the People keep re-electing these scum. Why should they consider themselves accountable or take responsibility for anything?

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