I Knew Bernie Madoff Was Cheating, That's Why I Invested with Him

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I found it very disturbing: 50 B; by fooling investors. While automakers could not secure 15 B to run their businesses? This marvel guy should be in jail for life, plus penalties and wealth confiscations. Meanwhile, why nobody get nailed in the 700 B bail out of the financials? Where are the mortgage brokers, the ones who signed and approved those loans? Nobody gets convicted nor investigated !

sad part is they probably would bail him out

reedersong...Buffet isn't hiding anything. Why don't you go through all of his quarterly and annual reports. He has a proven investment strategy that everyone knows about. you're an idiot...i must be one too for even wasting my time replying to your idiotic comment. Get a life.

I definetely think that we should this guy out. I mean, what is $50 billion on top of the 750 we have already thrown out the door. You know what, we should bail out everybody, that will take care of everything. This is one of the funniest quotes I have read in a while: "Let's bail him out". Great stuff.

meetdave made me spill milk out of my nose after reading his post

He stole those money, does that make him the richest men in the world?

You guys know what I would like to understand about this ponzi thing? How the hell does a guy trick people out of $50 billion and no-one knows until he HIMSELF spills the beans. What a jerk??? Where was the SEC and all the other regulatory crap we have?? Are they actually regulating anything???

Is this a great country ... or what...

Fry him. Put a wad of cash in his mouth and turn on the juice. Pay per view!

Is this a great country ... or what...

And why, pray tell, are our legislators not being indicted, en masse, for directing funds, which were specifically to be used for social security payments, into the "general" operating funds of the US govt? If you, and your accountant, dear friends, did thus you'd be facing charging as of last week.

He should be Castrated.

During the dotcom bubble, everyone was making fun of Buffet because he was not buying in, just holding fruit of the loom. Buffet invests in your underwear, most of you guys invest in the crap in your underwear.

What does Henry Blodget know about crooked Wall Street dealings? Why is he snickering at Madoff's dilemma?

So ... where were the CPA's who audited the fund? Of course, the audits were performed in accordance with Generally Accepted Auditing Principles? Investors - save your Annual Fund Statements with the Annual Audit Reports ... gotta bet, the lawyers smell blood on this one

How many similar scheme's are going on right now and how big are the total losses. Is this the first shoe to drop? The USA must look like real dopes around the world where we promote our way of life. Is our financial system going to take the big flush in 2009. Times are scary.

Lads, I find it hard to swallow the jovialness if not fluff involved in reporting on this atrocity...whether the investors were wildly rich or middle class people, most if not all are now completely gutted...how about a bit of indepth reporting on how this was made to happen, where was the breakdown in rules that allow these kinds of schemes to prosper, and what investors should beware of IF they are to trust a group with such storied 'credentials'...simply failing to find the humor and backslapping embued in this story's presentation! Expecting more from you both!

sign me up 2 for this thing

I agree with "who cares" - shoot him - now before Bush leaves office, OR have Bush declare him a terrorist and send him to Gitmo in Cuba. These people who rip off the little guy do not deserve any decent treatment - 5 milllion bail for 50 billion scheme - the judge is out of contact with reality.