How the 'pros' do it.

[notoc]

[lucy]

I would imagine quite a few "loyalists" to Madoff are kicking themselves over their losses...

btw, what the hell is this about "bailing out" the investors that lost money with Madoff??? Any investment scheme is a risk. Period. Sometimes you lose. Sometimes you win.

[notoc]

I would imagine quite a few "loyalists" to Madoff are kicking themselves over their losses...

btw, what the hell is this about "bailing out" the investors that lost money with Madoff??? Any investment scheme is a risk. Period. Sometimes you lose. Sometimes you win.

A Ponsi scheme isn't a risk for those who know what's going on... it should be quite simple when such a scheme is uncovered :

Those who did profit from the fraud and knew or even suspected it was fraud should return their profits and forfeit their principal investment.

Those who did profit from the fraud but did not suspect it was fraud should return their profits up to the value of their principal investment.

Those who did not profit from the fraud should have their total losses rembursed by those who did.


It should also be quite simple to uncover such a scheme, and Madoff's scheme was uncovered years ago, but nobody amongst the huge players wanted anything to be done about it - not even the SEC. This is what happens when the foxes are put in charge of the hen houses.

This is the real root of our whole financial system, from every banking 'product' to every insurance 'product' - from every 'investment' to every 'loan'... they are all just one gigantic Ponsi scheme with the latest 10,000,000 members financing the first 10,000.

[lucy]

Well, the wolves are still in charge of the hen-house, to be sure. I would imagine there is a lot of new activity down in the Caymens since the bailout/The bailout is nothing more than a rob. And some are suggesting that quite a bit of bailout bucks have been used to pay bonuses or buy up tangible assets/how surprising/

btw, Madoff's niece, who worked for the firm, married a top SEC official. around the time the SEC gave him a seal of approval back in 2005..just interesting...