Comments on: The Bernie Madoff I Knew http://pjmedia.com/blog/the-bernie-madoff-i-knew/ Wed, 15 Feb 2012 17:59:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Scott E http://pjmedia.com/blog/the-bernie-madoff-i-knew/#comment-177211 Scott E Wed, 31 Dec 2008 11:22:45 +0000 http://pajamasmedia.com/?p=42530#comment-177211 As to you kooks who can only respond with "what about the largest ponzi scheme in our nation...social security and medicare?" Geez, give it a rest. There is time to fix these two issues and neither of these were devised as frauds in the same manner that Mr. Madoff's scheme. Your posts are like an old episode of "Beavis and Butthead". This is an interesting story inasmuch at it's core it was based on trust that was promulgated and harvested in a close-knit community. Do we all have close friends or acquaintances that we trust? If someone that you had a sincere respect for their background and personal integrity told you, "this is a good deal you need to be in on," would most of us be picking through the details of the prospectus? It's easy to dismiss this as happening to jews, or anyone other than ourselves. But face it, we could fall prey easier than anyone would like to admit. As to you kooks who can only respond with “what about the largest ponzi scheme in our nation…social security and medicare?”

Geez, give it a rest. There is time to fix these two issues and neither of these were devised as frauds in the same manner that Mr. Madoff’s scheme.

Your posts are like an old episode of “Beavis and Butthead”.

This is an interesting story inasmuch at it’s core it was based on trust that was promulgated and harvested in a close-knit community. Do we all have close friends or acquaintances that we trust? If someone that you had a sincere respect for their background and personal integrity told you, “this is a good deal you need to be in on,” would most of us be picking through the details of the prospectus?

It’s easy to dismiss this as happening to jews, or anyone other than ourselves. But face it, we could fall prey easier than anyone would like to admit.

]]> By: Search maven http://pjmedia.com/blog/the-bernie-madoff-i-knew/#comment-176850 Search maven Tue, 30 Dec 2008 12:26:38 +0000 http://pajamasmedia.com/?p=42530#comment-176850 Let no one be surprised that greedy people lose a lot of money. The high returns that madoff promised should have tipped of people to his true intentions. Let no one be surprised that greedy people lose a lot of money. The high returns that madoff promised should have tipped of people to his true intentions.

]]> By: AnninCA http://pjmedia.com/blog/the-bernie-madoff-i-knew/#comment-176014 AnninCA Sun, 28 Dec 2008 16:05:27 +0000 http://pajamasmedia.com/?p=42530#comment-176014 Interesting story, certainly. It surprises me that so many people did not consider the inside auditing as a problem. Careless investing on the part of many people. Interesting story, certainly. It surprises me that so many people did not consider the inside auditing as a problem.

Careless investing on the part of many people.

]]> By: blank http://pjmedia.com/blog/the-bernie-madoff-i-knew/#comment-176012 blank Sun, 28 Dec 2008 16:03:53 +0000 http://pajamasmedia.com/?p=42530#comment-176012 Madoff was simply running the third largest Ponzi scheme in history. The largest two are being run by the US government and are known as Social Security and Medicare. Madoff was simply running the third largest Ponzi scheme in history. The largest two are being run by the US government and are known as Social Security and Medicare.

]]> By: glenn http://pjmedia.com/blog/the-bernie-madoff-i-knew/#comment-175867 glenn Sun, 28 Dec 2008 06:36:08 +0000 http://pajamasmedia.com/?p=42530#comment-175867 Pretty sure I know how this scam worked. Real sure Bernie Madoff is Jewish and that most of his marks are Jewish as well. don't know what difference that makes and don't really care. What I also don't know and would really, really, really like to is who had Bernies' back. Based on who he gave money to I can guess, but I'd really like to know how years of tips didn't make for an investigation when somebody turned Bernie in to the SEC . Pretty sure I know how this scam worked. Real sure Bernie Madoff is Jewish and that most of his marks are Jewish as well. don’t know what difference that makes and don’t really care. What I also don’t know and would really, really, really like to is who had Bernies’ back. Based on who he gave money to I can guess, but I’d really like to know how years of tips didn’t make for an investigation when somebody turned Bernie in to the SEC .

]]> By: The Historian http://pjmedia.com/blog/the-bernie-madoff-i-knew/#comment-175696 The Historian Sat, 27 Dec 2008 21:04:49 +0000 http://pajamasmedia.com/?p=42530#comment-175696 TRIAL LAWYERS AND THE DEMOCRAT PARTY What this unfit alliance does is all about self-interest, not the national interest: http://greensrealworld.blogspot.com/2008/12/lawsuit-abuse-democrat-holy-grail.html TRIAL LAWYERS AND THE DEMOCRAT PARTY
What this unfit alliance does is all about self-interest, not the national interest:

http://greensrealworld.blogspot.com/2008/12/lawsuit-abuse-democrat-holy-grail.html

]]> By: seven http://pjmedia.com/blog/the-bernie-madoff-i-knew/#comment-175547 seven Sat, 27 Dec 2008 15:08:29 +0000 http://pajamasmedia.com/?p=42530#comment-175547 We see a number of 50 billion tossed around. That number is incredibly vague also. Is 50 billion the bottom line on statememts after their 10% compounding? I suspect the raw cash put in was not 50 billion. We see a number of 50 billion tossed around. That number is incredibly vague also. Is 50 billion the bottom line on statememts after their 10% compounding? I suspect the raw cash put in was not 50 billion.

]]> By: HatlessHessian http://pjmedia.com/blog/the-bernie-madoff-i-knew/#comment-175374 HatlessHessian Sat, 27 Dec 2008 04:32:00 +0000 http://pajamasmedia.com/?p=42530#comment-175374 Of course many Jews trusted Bernie. As one with many Jewish friends (and ancestors buried in Jewish cemeteries), I've been perplexed at how Jews continually exhibit Stockholm Syndrome on such a grand scale. Too many disregarded warning signs in Germany, and worse yet, many continually empower dictators and Jew-haters like today's Democratic party. They subscribe to the myth that by supporting their enemy, the enemy won't hate them... as much. My Jewish friends need to revisit their political philosophy, especially Kant, Nozick and related authors who refuse to treat human beings as a utilitarian means to an end. That Obama or any other Democrat can support redistribution is a blatant confession that they will commit endless other ethical abuses and crimes as they seek their impossible ends at the expense of human lives. Lacking an ethical framework to prohibit such utilitarian abuse of people, and seeking an impossible goal, they will erode human rights to the greatest extremes as have every previous totalitarian regime. Jews, unfortunately, are on the short list of scapegoats and end up suffering the most. The solution? Don't embrace those that would turn your children into living room upholstery and melt your teeth for their gold. Obama's a pleasant fellow today, but like all populists, has nothing to act as a governor to restrict his absolute behavior when his impossible quest of redistributionist utopia fails. Of course many Jews trusted Bernie. As one with many Jewish friends (and ancestors buried in Jewish cemeteries), I’ve been perplexed at how Jews continually exhibit Stockholm Syndrome on such a grand scale. Too many disregarded warning signs in Germany, and worse yet, many continually empower dictators and Jew-haters like today’s Democratic party. They subscribe to the myth that by supporting their enemy, the enemy won’t hate them… as much.

My Jewish friends need to revisit their political philosophy, especially Kant, Nozick and related authors who refuse to treat human beings as a utilitarian means to an end. That Obama or any other Democrat can support redistribution is a blatant confession that they will commit endless other ethical abuses and crimes as they seek their impossible ends at the expense of human lives. Lacking an ethical framework to prohibit such utilitarian abuse of people, and seeking an impossible goal, they will erode human rights to the greatest extremes as have every previous totalitarian regime. Jews, unfortunately, are on the short list of scapegoats and end up suffering the most.

The solution? Don’t embrace those that would turn your children into living room upholstery and melt your teeth for their gold. Obama’s a pleasant fellow today, but like all populists, has nothing to act as a governor to restrict his absolute behavior when his impossible quest of redistributionist utopia fails.

]]> By: william (not a prince) http://pjmedia.com/blog/the-bernie-madoff-i-knew/#comment-175368 william (not a prince) Sat, 27 Dec 2008 04:15:53 +0000 http://pajamasmedia.com/?p=42530#comment-175368 Greedy people are greedy for money, power, or sex. Madoff was sui generis. He was greedy for respectability. He used fraudulent, underhanded means to become a pillar of the community. There are all kinds of tells that warn us against the machinations of the brutish, but how can you guard against someone whose wish is to be considered respectable and benevolent. The first fifty years or so of Madoff's life he was apparently who he claimed to be for the last 10 or 15 years....Madoff was a reverse Saddam. Given Saddam's past record, it was hard not to think of him as a despot hell bent on acquiring weapons of mass destruction. Given Madoff's past record, it was hard not to think of him as a shrewd investor who wished to give back to the community....Here comes a cheap shot: Many of Madoff's investors were probably sure that Bush was wrong only because of 1) stupidity or 2) willful deceit on Bush's (not Saddam's) part....We think people are who they claim to be, particularly if, in the past, they have been who they claim to be....Your neighbor is probably not a serial murderer. If he invites you in for tea, he will probably not murder you and leave your dismembered body buried in the basement. And someone was Jeff Dahmer's neighbor. Greedy people are greedy for money, power, or sex. Madoff was sui generis. He was greedy for respectability. He used fraudulent, underhanded means to become a pillar of the community. There are all kinds of tells that warn us against the machinations of the brutish, but how can you guard against someone whose wish is to be considered respectable and benevolent. The first fifty years or so of Madoff’s life he was apparently who he claimed to be for the last 10 or 15 years….Madoff was a reverse Saddam. Given Saddam’s past record, it was hard not to think of him as a despot hell bent on acquiring weapons of mass destruction. Given Madoff’s past record, it was hard not to think of him as a shrewd investor who wished to give back to the community….Here comes a cheap shot: Many of Madoff’s investors were probably sure that Bush was wrong only because of 1) stupidity or 2) willful deceit on Bush’s (not Saddam’s) part….We think people are who they claim to be, particularly if, in the past, they have been who they claim to be….Your neighbor is probably not a serial murderer. If he invites you in for tea, he will probably not murder you and leave your dismembered body buried in the basement. And someone was Jeff Dahmer’s neighbor.

]]> By: thegre8_1 http://pjmedia.com/blog/the-bernie-madoff-i-knew/#comment-175359 thegre8_1 Sat, 27 Dec 2008 03:49:34 +0000 http://pajamasmedia.com/?p=42530#comment-175359 The entire government is one big Ponzi scheme. Anybody gives me a carbon footprint I can tell you what I am going to kick with it their @ss. The entire government is one big Ponzi scheme. Anybody gives me a carbon footprint I can tell you what I am going to kick with it their @ss.

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