Madoff & the Ponzi

[Cannon Shell]

Originally Posted by sumitas

They are full, past capacity with repeat clients .

Are there riots in Palm Beach yet ?

As i have said before the place is far too large to ever make a go of it commercially. The property taxes alone would make it tough. And considering that the vast majority of the horses there are Tuckers it is likely to soon be empty.

[Kasept]

http://news.yahoo.com/s/ap/20081220/...ndal_charities

The fallout of this disgusting incident continues, and is going to go on destroying lives all over the place for so long a period as to be inestimatable.

The Picower Foundation, with a billion in philanthropic leverage lost, will close. Among other things, funded MIT, the New York Public Library, diabetes research at Harvard Medical School...

Which lost dollar in Picower's grants for diabetes research might have been the one that ended juvenile diabetics from having to take take insulin daily?

JEHT, a law and justice foundation, closing as well... The Litwin Foundation had donated money to research for cancer and Alzheimer’s disease and charities... Dozens more.

To be honest, I find the situation so sickening that I can't accurately convey my rage and disgust.

Paul Krugman's brilliant Op-Ed in the NYT:
http://www.nytimes.com/2008/12/19/op...gman.html?_r=1

[hi_im_god]

he's a very bad man and there is nothing remotely funny about any of this.

but i'm still confused by the happy days connection.

is it potsie or fonzi that's involved?

[dellinger63]

It does get worse. The poor family left behind.

[AeWingnut]

Originally Posted by hi_im_god

he's a very bad man and there is nothing remotely funny about any of this.

but i'm still confused by the happy days connection.

is it potsie or fonzi that's involved?

.

[golfer]

http://www.webofdebt.com/articles/ponzi.php

[Smooth Operator]

Lol, god ... Richie thinks both of them were involved.

[Stall Mucker]

http://timesunion.com/AspStories/sto...storyID=755477


Hope that we all have a brighter 2009.