Is everyone wrong about market response to Madoff?

Quote from flytiger:

I'm working on getting prominent Jewish Americans, folks whose community was damaged by a corrupt and captured SEC, to help me force immediate change. So far, I have had some success.

Many prominent people read these threads; some PM's I have received have been very instrumental to investigator types.

If anyone reading this can/will help, please PM me. I will warn you. You may be in direct dealings with enforcement types. If that bothers you, I ask you to get over it. It's time to clean up DC. But if you can help in our endeavour, now is the time.

Again, I want prominent Jewish Americans, or their organizations, particularly charities, to help us lobby for immediate change of the regulatory system.

And I take no joy in peoples' lives being destroyed either, Susannah.
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It was one of your own Kosher Kikes that created the largest single financial scam OF ALL TIME....

I'll give you some security.... Half priced pork chops... All you can eat.
 
Quote from scriabinop23:

velocity of money is economic activity in real terms.

You can have hyperinflation with even less velocity of money than today. You just need to print a lot!
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It is seriously difficult to have any kind of inflation, if no one is buying. At this point, we'll be lucky to get inflation - much less hyperinflation.
 
Quote from Mav88:

As long as it is done legally why should we have a problem? Sitting at home trading stocks doesn't produce shit as well. [/B]
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1) It is a problem, unless you are a selfish bastard.

2) Who said trading stocks was worth shit?
 
People with a clue (not to be confused with people that have money) are already positioned out of harms way, certainly not in any hedge fund.

So the only folks left to sell are the clueless.
 
Quote from stock777:

People with a clue (not to be confused with people that have money) are already positioned out of harms way, certainly not in any hedge fund.

So the only folks left to sell are the clueless.
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You mean they bought physical gold?
 
Quote from Mav88:


I propose an alternative- better enforcement of existing laws, enforcement of harsh penalties on white collar crime, and let people understand that there is no golden cash cow that can deliver high long term returns with low risk.
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How will you get better enforcement when being a regulator pays diddly squat and forces you to work in a bureaucracy? Unless they pay regulators millions per year, or pay hedge fund managers bounties to turn-in fraudsters (like that guy who tried to turn in Madoff but was ignored), nothing much will change.

Penalties against white collar crime are already as harsh as is reasonable in the US. Ken Lay died in jail, Ebbers will, and so will Madoff. These guys are punished as much rapists and people guilty of manslaughter.

People are dumb as rocks and most will never understand that high returns mean high risk, and no volatility + high returns means likely fraud or blowup.
 
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