Comments on: Wall Street Powerbroker Arrested For Fraud

Feds Say Ex-Nasdaq Chairman Bernard Madoff Swindled Investors Out Of $50B

[scallywag8]

Well...Ebay sucks!!!

[homespunlady]

Well folks, there goes those "institutional" pension funds further down the drain. One man''s "wealthy" is another man''s "fund manager".

They''re RIOTING all over Europe over far less than the level of corruption here. Greece had a 15 year old killed triggering riots and the reason given? - Their "wealth gap"! France, Germany and others are seeing uprisings and the best "protests so far in the States is a few thousand outside the Fed buildings. Although I worry about that bomb incident at some small bank branch out West...not too bright taking it out on a few bank tellers rather than demanding a massive crackdown on those "behind the curtain" of the REAL massive economic FRAUD.
Yes, this guy was FINALLY accused but what of the MONEY? Did it go to consolidating wealth and power elsewhere - like Europe??
This is stinking SO bad that it''s affecting the entire WORLD - not the just the US corner of it.

Welcome late to the ECONOMIC WORLD WAR people other nations have caught on years ago.

[grandesign]

I am buying GM stock, we should all buy it. ..and hold for few years.
Posted by lee2261 at 10:19 PM : Dec 12, 2008

Sure, you can hold it forever. Maybe paper your walls with it, since after bankruptcy the equities are the first to become valueless.

[grandesign]

"If convicted, Madoff could face up to 20 years in prison and a maximum fine of $5 million."

Now there''s justice. $50 Billion for $5 Million in fines. The American Way.

Derivatives are a bane on our capitalistic markets. DERIVATIVES CREATE SOCIALISM. We are all going to find this out the hard way--market collapse.

[whitemale08]

A good example of GIANT PONZI SCHEME THAT IS THE WHOLE QUADRILLION IN THE DERIVATIVES MARKET!!!

THE WHOLE DERIVATIVES MARKET IS A PONZI SCHEME!!!!

SHUT-DOWN THE DERIVATIVES MARKET NOW!!!!

[lee2261]

Never trusted other people with my money,I buy land.
But this time I will make an exception, I am buying GM stock, we should all buy it. ..and hold for few years.

[raskal_2]

so that is where the money went, it never was there. Wait till the bets from the derivatives are called in.(think 57t dollars)

[ofbyfor3]

ronmh7 at 09:52 PM : Dec 12, 2008

Did you miss your KKK meeting tonight? Whether or not he''s Jewish is meaningless. Lumping all people of an ethnic group together is pathetic and childish. And before you bother to ask, no, I''m not Jewish.

[rob416]

This guy should definetly be put in prison. It is a little difficult for me to believe that the millionare/billionaire clients he had didn''t check into the business dealings of the Firm. You would think they would have been smart enough to know if it sounds, acts or looks to good it probably is not.

[jerr11]

"Defense lawyer Dan Horwitz called Madoff "a person of integrity" and said he intends to fight the charge. "



There''s another person of integrity too, who swindled the country of trillions for his buddies and his family and killed over 4200 Americans in the process.

Mission Accomplished!

Heckuva job!

[gce65]

He''s really just s-c-r-e-w-i-n-g...

[gce65]

He''s really just *** rich hedge fund investors and not mom & pop investors. You''d never hear a word about any of this if he was making them money, as he probably has for years.

It''s only now, when he sticks it to them with his Ponzi scheme that they''re all in an uproar.

Still, I''d like to see an enormous dollar bill plaque erected outside the New York Stock Exchange and have financial criminals nailed to it and left to bleed in public for all to see.

[ronmh7]

Who can tell me the names of his children and grandchildren?
He is a horrible piece of s&hit and his family should know about it. His family should have to have all financial resourses yanked from them, but give them a subway pass to visit this old *** in prison. He can explain it to them

[flsunjnky]

No, the reaction needs to be that we should be careful about who we choose to follow, and who we choose to lead.

[nothappyatall]

planned to surrender to authorities in a week but first wanted to distribute $200 million to $300 million he had left to certain selected employees, family and friends. ''

Oh of COURSE, and now that h e is out on $10 million BAIL- all of it no doubt stolen, he can do that and skip off, nice going!

[flsunjnky]

And Bush wanted to put Social Security there? How many Wall Street nightmares does it take for the people to wake up and smell the coffee?

[mcv57]

.... and you rich boys thought you were all on the same side of the fence (corruption). The rich stealing from the rich .... that''s a new fable for the history books.

[mcv57]

SEC Chairman is hiding in Dicky Cheney''s under-shorts. Come on corrupt justice department, with recent scandels on wall-street, you have to arrest this SEC chief for negligence and mentally disabled; if not on corruption charges.

[truthislife1]

Or is it whoops! I''m confused.

[truthislife1]

Oops!