Madoff's Non-Trading Strategy and the Noels' Sad Christmas Tale

Send them all to club fed to do their time(?).

Did Madoff have SIPC insurance? That should be the only thing that his investors get. If you go with a hedge fund to avoid the "red tape" then don't cry and go after the bureaucracy when things go south. If the SEC pays a dime I'll be outraged.

Madoff will get a plea deal. Solid gold radio ankle bracelet with only 2 servant rather than his customary dozen. He like many top tier exec are bullet-proof....ala "old elite club". They should let all investors go "medival", not just on him but his comrades and family members who enjoyed others "blood and sweat" money. btw- happy holidays :p

I'm from Wisconsin, where New York Attorney General ruin Dick Strong and put him out of business for a possible rule infraction. The possible rule infraction was that he might have recommended that some of his friends , kids should sell some of his mutual funds because they're going to college and might not have enough time for the market to come back. Spitzer never charged Dick Strong but publicly denounced him and made him sell his Strong Funds. The end result was Spitzer was elected Governor of New York and Wells Fargo got a bargain when the bought the Strong Funds. Since we now Know that there were people on Wall Street who didn't trust Madoff and suspected him of fudging the books as far back as 1999. Please tell me why Spitzer never look in his own back yard and investigated the biggest theft ever.

I'm from Wisconsin, where New York Attorney General ruin Dick Strong and put him out of business for a possible rule infraction. The possible rule infraction was that he might have recommended that some of his friends , kids should sell some of his mutual funds because they're going to college and might not have enough time for the market to come back. Spitzer never charged Dick Strong but publicly denounced him and made him sell his Strong Funds. The end result was Spitzer was elected Governor of New York and Wells Fargo got a bargain when the bought the Strong Funds. Since we now Know that there were people on Wall Street who didn't trust Madoff and suspected him of fudging the books as far back as 1999. Please tell me why Spitzer never look in his own back yard and investigated the biggest theft ever.

"There are two ways of rising in the world, either by your own industry or by the folly of others."

Whoever this Johnny Ike weenie is, his/her/its command of the language, and his/her/its uncanny ability to moisten each episode of TechTicker is quite amazing. Or perhaps appalling is a better word. This blog needs a common function on many other blogs/blogging platforms: "Ignore this commenter."

It is a shame that good people lost so much money in this, and it only compounds the crisis of confidence in Wall Street. It is time for those whom have lost their moral compass to be held accountable for the destruction they have brought to our shores.

I wonder if Made-off will plea for TARP help? I'll bet lunch the hedgies will ask for it! On a side note you have to love it that AMEX is getting a bail out so they can turn around and charge you higher interest rates and fees while lowering your credit lines. Hey, gotta pay those exec bonuses.

Question: Investors what would you do to find where Madoff hide the $50 Billion? Answer: Send Madoff for a month vacation in Guantanamo, the experts will find it out for you.

corrupt scum. all in bed together. SEC, fund managers, MSNBC, you name it. Too bad all they all get is a haircut this time. Maybe next time a little lower?

Well, at least I have a good excuse if anybody asks me about my bankruptcy.

Fraud and corruption, some things Blodget is an expert at. Aren't they Hank? I'm hoping there's a special place in hell for you.

Frankly, I've found a new hero. Kinda sorry for him, though. He'll not get to spend it all before he dies. Pity.

Jesus was celebrated for running the money changers out of the temple, and Obama appointed an industry insider to to chair the SEC. Eliot Spitzer might have changed something, but that wouldn't have been acceptable to the financial industry and would have aligned their millions in political contributions with a more incestuous regulator. Having SEC's anti-regulation Cox pleading incompetence and volunteering government funds to bail out another corrupt financial company is business as usual. With "No Child Left Behind", we are asking teachers to be accountable, when do we extend accountability to the SEC and to Wall Street?

Hmm, a crime where the punishment is being locked up in your super posh mini-manison and with servants to satisfy your every need. What can I do to get in on this one???

I really feel terrible for Madoff's billionaire investors, poor old folks might have to sell a McMansion or two, maybe even more to Coral Springs from West Palm.... boo hoo hoo .... IDIOTS

Give Bernie a bailout!

The next shoe to fall will be revelations about money laundering by Madoff and Noel/Fairfield. Laundering money for South America drug cartels and the Russian Mafia immediately spring to mind. If the conduct of the financial market leaders isn't an overwhelming argument for closing the Ivy League and other elite private universities, I don't know what is. These institutions have obviously graduated a generation of priviledged elitists who believe that they are entitled to live at the majorities expense and are immune from serving jail time if they are caught (as if that could ever happen).

How stupid can these people be putting so much money in one pot. I feel sorry for the charties that got wacked and the poor people that need that money, I am taking a hit on the market but nothing like this. Merry X-mas etc. etc. everyone and a better 2009