tag:blogger.com,1999:blog-1087158582620400145.post5584223532231091554..comments2023-09-25T02:43:06.599-07:00Comments on a dizzy life: Don't worry everyone; Bernie Madoff has an emergency plan.Unknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1087158582620400145.post-79443571689444834522008-12-15T10:38:00.000-08:002008-12-15T10:38:00.000-08:00Bush does play a role, however, in that he slashed...Bush does play a role, however, in that he slashed the budget for the SEC making it harder for the agency to have the resources to detect these kinds of schemes. The 2004 investigation failed to find anything out of order, but perhaps the SEC did not have the resources to dig deeper.kerfufflerhttps://www.blogger.com/profile/02850291446564241031noreply@blogger.comtag:blogger.com,1999:blog-1087158582620400145.post-15240892261584168032008-12-15T10:26:00.000-08:002008-12-15T10:26:00.000-08:00The lesson to be learned here is when setting up y...The lesson to be learned here is when setting up your very own Ponzi scheme just make sure to only pay back modest returns. 50 billion dollars, 40 years (he has been running this thing since Kennedy, kinda hard to blame Bush)jameshttps://www.blogger.com/profile/00816297008963458506noreply@blogger.comtag:blogger.com,1999:blog-1087158582620400145.post-37626416496126015172008-12-15T06:32:00.000-08:002008-12-15T06:32:00.000-08:00I hope when these sons of bitches are prosecuted t...I hope when these sons of bitches are prosecuted they are dealt with harshly. I know I'm anti-torture, but wouldn't it be nice to recover all those missing assets? <BR/>All too often white collar crime is considered a lesser offense, usually because no violence has been committed. Defrauding thousands of everything to become super rich strikes me as at least as bad a crime as holding up someone at gunpoint. <BR/>Their prison sentences should involve digging trenches in hot sun somewhere, and then refilling them.kerfufflerhttps://www.blogger.com/profile/02850291446564241031noreply@blogger.comtag:blogger.com,1999:blog-1087158582620400145.post-9233513403658233512008-12-15T06:13:00.000-08:002008-12-15T06:13:00.000-08:00Is it just me, or is our economy being run like a ...Is it just me, or is our economy being run like a ponzi scheme? I'm referring to the way that our deficit spending is being justified by the idea of a future, larger economy that can finally make the payments because there are more citizens paying in the future. Social Security, in particular, seems to be structured that way. I know it's not an exact fit, but there is a parallel there somewhere.<BR/>It's interesting that China, a country with a commitment to population reduction, has a much higher savings rate.kerfufflerhttps://www.blogger.com/profile/02850291446564241031noreply@blogger.comtag:blogger.com,1999:blog-1087158582620400145.post-21017694387499436762008-12-14T09:08:00.000-08:002008-12-14T09:08:00.000-08:00Bloomberg, Bloomfield, I'm sooooo0ooo embarassed. ...Bloomberg, Bloomfield, I'm sooooo0ooo embarassed. (See--there's a line break in the "ooo"'s. That's how you tell.) Fixed now.djinnhttps://www.blogger.com/profile/06112894520660114580noreply@blogger.comtag:blogger.com,1999:blog-1087158582620400145.post-68274283012788934282008-12-14T08:19:00.000-08:002008-12-14T08:19:00.000-08:00Careful now, it's Bloomberg, not Bloomfield.Careful now, it's Bloomberg, not Bloomfield.kerfufflerhttps://www.blogger.com/profile/02850291446564241031noreply@blogger.com