Bernie Madoff...Why he did what he did

Discussion in 'Wall St. News' started by 1flyfisher, Feb 24, 2009.

  1. olias

    olias

    Great point. I agree
     
    #31     Feb 25, 2009
  2. He has admitted guilt.

    However, he serves a better purpose for justice out of prison currently.

    surf
     
    #32     Feb 25, 2009
  3. Quote from telozo:

    Before going too deep into the sociopath thing, think about where all that money that's gone missing went. Finding the answer would shed some light on his behavior.
    --------------------------------------------------------------------------------



    Great point. I agree

    ------------------
    The sexual sociopath, the crime is always sexual, the motive is not about sex. Same with Madoff, assuming the motive is money, it is not correct.
     
    #33     Feb 25, 2009
  4. And what would that purpose be?

    He's not helping the government find the lost/stolen funds.

    Why isn't he locked up?
     
    #34     Feb 25, 2009
  5. There are thousands upon thousands of mutual funds that receive billions in investor funds and most just get market returns. So if you have the connections the billions are there. He was the chairman of the nasdaq (that's another issue) and had extensive connects to the money world of wallstreet and the jewish community. He didn't need to fabricate returns. People will line up for 15% returns.


     
    #35     Feb 25, 2009

  6. How do you know what he is doing?

    :confused:

    There is way more to this picture than meets the eye, obviously.


    surf
     
    #36     Feb 25, 2009
  7. Humpy

    Humpy

    Madoff is probably just the tip of the iceberg of financial crime in the USA

    Maybe it's time to have a spring clean ?
     
    #37     Feb 26, 2009
  8. One way to understand Madoff
    read King, Warrior, Magician, Lover
    by Robert Moore.


    It is full of insights on the male
    energies that drove him to pull this
    rouse.
     
    #38     Feb 26, 2009
  9. Also there are plenty of Madoffs
    still out there.
     
    #39     Feb 26, 2009
  10. Here's a link a friend sent me:

    The Mind of a Sociopath

    It details Bernie Madoff's ability to con just about anyone out of their money (an uncanny ability to read people's wants, needs and desires) combined with a total lack of empathy appears to be what made'em tick.
     
    #40     Feb 26, 2009