semperpax

Madoff's Investors Don't Deserve Compensation or Sympathy

I would be careful about criticizing someone else for his spelling when you write "stupidity assertions."


On Jul 01 02:29 PM martyg wrote:

> painting everybody with the same brush, in this swindle, is as disingenuous
> as can be conceived.
>
> your 89 year old mother and 92 year old father should be now living
> with you due to the loss of their life's savings. and there is a
> difference between losing $200,000, your total savings, or $10,000,000
> that can be managed. and the stupidity assertions you make are the
> work of a self centered talentless egotist who can't spell.
> ---mr matthew arafat.
>
> if you believe this is a personal attack then you are correct, despite
> the fact that it will bounce off your selfish brain.

Madoff's Investors Don't Deserve Compensation or Sympathy

(1) Diversification is part of Investing 101. I took finance as part of my MBA program. I know what I learned. (2) If people are not sophisticated enough (or intelligent enough) to have seen the dangers in Madoff's scheme, they should have stayed with Bank CDs. (3) We can't make whole everyone who loses their life savings by making dumb investment choices. Why should I pay for someone else's mistakes? I shouldn't.


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.

Madoff's Investors Don't Deserve Compensation or Sympathy

Does that mean we should accept "the American way?" I hope not.


On Jul 01 09:32 AM Ferdinand E. Banks wrote:

> Interesting and well written article, but I question its logic. The
> rich, nearly rich, and soon-to-be-rich have always gotten the best
> seats at the American table. Always have and always will. To think
> otherwise is to doubt the American way.