Vinsanity

Madoff's Investors Don't Deserve Compensation or Sympathy

Social Security is a Ponzi scheme with good intentions.

Also, I expect to see a suit against the regulators who should have to answer for the paper trail they ignored from Markopolos. Not only is Madoff liable, but so should be the negligent regulators.

This was a failure of individuals, not the system.

On Jul 01 10:35 AM RiskAverseAlert wrote:

> First, "Diversification" is NOT "Investment 101." Read Gerald M.
> Loeb's "The Battle for Investment Survival." Let someone who lived
> through the Crash of '29 and subsequent bloodbath correct this bit
> of misinformation. You want to talk "propaganda?" The "balanced and
> diversified" mantra is it.
>
> Second, the Fed and Treasury have TRILLIONS for "structured finance"
> gangsters who are no less guilty of perpetrating a Ponzi scheme dwarfing
> Madoff's by several orders of magnitude. Most folks who invested
> with Madoff were not terribly sophisticated investors. They should
> be made whole because those whom they believed were watching the
> hen house were, in fact, in on the fox's wink and a smile.
>
> That the investing public is largely unsophisticated is more than
> spoken for by your "Investment 101." That compassion is missing in
> speaking about a fraud whose life should have been ended long ago
> (because its existence was in all probability known), speaks for
> the terrible problem America faces when opinion-makers reveal themselves
> as ripe for fascism.