Bernie Madoff: F**k my victims!

Discussion in 'Economics' started by peilthetraveler, Jun 7, 2010.

  1. steal a little go to jail. Steal a lot they make you king


    Pittsburgunemployedgoreverpekelo rhe unemployedf will not be considered pekelo
     
    #11     Jun 7, 2010
  2. 5.175 billion oz of gold mined throughout history

    FDR devalues gold and raises the price from 20 to 35 thereby stealing $15 for every oz

    5.175 billion times $15 = $77.6 billion dollars stolen.

    So...in summation...

    FDR = $77.6 billion
    Madoff = $65 billion

    Advantage FDR.

    (and lets not for get that $77.6 billion was in 1934 dollars when $77 billion would actually buy you something)
     
    #12     Jun 7, 2010
  3. telozo

    telozo

    Bernie is right. He carried a select list of clients that made a lot of money. Most of them even demanded a certain specified return, and he would oblige. They all knew what was going on. The poor once, that got fleeced, were those that invested through feeder funds and never even knew they had their money with him.
     
    #13     Jun 7, 2010
  4. drcha

    drcha

    Madoff's response is absolutely pathognomonic for narcissistic personality disorder. They should make him a textbook example.
     
    #14     Jun 7, 2010