lucky lenny

Paulson's Plan Fails to Understand the Problem; Madoff Is a Perfect Example

Shouldn't the gov't bail out Madoff investors. How is this any different than mortgage loan defaults? or bailout money for the UAW, GM, Chrysler, & Ford? $50 bill is a lot to lose. That could mean other positions will have to become unwound. Which could mean massive losses. This do-nothing joke for a prez we have now won't save Madoff's investors. I'm hoping Prez Obama takes care of everyones losses & restores confidence in Wall Street.

As long as the SEC purports to protect the investor; and the investor is hit by fraud; then why not a US Gov't bailout? If the gov't gives $$'s to the farmers, ethanol, car companies, banks, insurers, etc... etc.. why not the defrauded investor? Hopefully, Obama & Co. will have a little more empathy than some of this board.




On Dec 15 06:23 AM ironpants wrote:

> Can a member of the general public file a RICO case against the SEC
> and hedgefunds?

The $60 Trillion Nightmare of Credit Default Swaps

Mr. Jefferson,

- If AIG & others have that much insurance in force, wouldn't they have to disclose it in their annual financial statemetns? Not saying you're wrong; just questioning the basis & accuracy for the $60 trillion figure you're throwing out. Also, what exactly would trigger coverage? Whose bonds are being covered? If it's Exxon's - not a big risk. Without any details, not very helpful.