Madoff says losses of 50 Billion!


Please give me the straight goods. I'm all ears. [/B]
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Sounds to me like you broke the code.

I really don't give a fuck about rich families. You've got everything in the world, and you put money in a place you can't see it? Where it's unregistered?

I can trade against HF redemptions, and I can trade against collapsing NYC real estate. No problem . I'm all for redistributing the wealth.

This asshole was a HUGE mm and NYX trader. That's where he was killing me. And now, I'm gonna kill him back. This is the tip. Just the tip. I wanna see the big names I think are next lying in pools of their own sweat tonight, knowing some GS15 making less than he's paying hookers putting cuffs on him.

My neighbor came over today. I went to his place. He was screaming at me. He knows I know some stuff. He has some real estate that 's killing him, and he wanted to know if this was going to ever come back, or if he should just file bankruptcy. His rage was unbelievable. He played straight. Took care of his places. been doing it for years. Now, he's stuck. A middle aged, upper mid class white guy. I had to leave. I couldn't take it. Especially after I told him to file, because it aint' coming back soon enough for him.

Man, this rage coming is going to be absolute cordite smelling hell.

You know, Art Cashin has been saying in his letter for two days, that the traders couldn't wait for Monday; that something was up that he couldn't put his finger on. But that everyone was on pins and needles. We're so screwed, we'll make Vladisvostok look like a holiday destination.

David Paterson just may be dialing Eliot now to come back. Talk about a budget deficit.
 
Quote from Ivanovich:

They really need to institute the death penalty for fraud above a certain amount.
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Death penalty?!!! Pelosi rewards bad business models. Socialism is here to stay. Can't wait for Pelosi to start getting involved after she takes care of the UAW.
 
The setup today was higher. Three inside days. I made a few bucks on the long side, stepped aside, saw the breakdown, and really didn't believe it. Support was SP 885, but there was no way to buy it. Something smelled.

And now, you know what it was. People won't come back to this shithole for a generation. Thomsen needs to talk a walk in handcuffs. What a fucking disaster. Sub prime, Cdos, whistle blowers, .......... Nice job, bitch.

Now, for something really important. The Aussie chick on CNBC Asia , sorta like Heidi Klum face, has an oxford button down shirt on with a blazer with the shirt unbuttoned.

Looks great, but I'll be damned if I can remember why. Never get old.
 
Quote from flytiger:

Sounds to me like you broke the code.

I really don't give a fuck about rich families. You've got everything in the world, and you put money in a place you can't see it? Where it's unregistered?

I can trade against HF redemptions, and I can trade against collapsing NYC real estate. No problem . I'm all for redistributing the wealth.

This asshole was a HUGE mm and NYX trader. That's where he was killing me. And now, I'm gonna kill him back. This is the tip. Just the tip. I wanna see the big names I think are next lying in pools of their own sweat tonight, knowing some GS15 making less than he's paying hookers putting cuffs on him.

My neighbor came over today. I went to his place. He was screaming at me. He knows I know some stuff. He has some real estate that 's killing him, and he wanted to know if this was going to ever come back, or if he should just file bankruptcy. His rage was unbelievable. He played straight. Took care of his places. been doing it for years. Now, he's stuck. A middle aged, upper mid class white guy. I had to leave. I couldn't take it. Especially after I told him to file, because it aint' coming back soon enough for him.

Man, this rage coming is going to be absolute cordite smelling hell.

You know, Art Cashin has been saying in his letter for two days, that the traders couldn't wait for Monday; that something was up that he couldn't put his finger on. But that everyone was on pins and needles. We're so screwed, we'll make Vladisvostok look like a holiday destination.

David Paterson just may be dialing Eliot now to come back. Talk about a budget deficit.
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Holy Fuck.

So this is it.

What other big names do you think were running this type of skimming operation?

This must have been done in collusion with Government.

Look at the other Madoff thread - posted 3 YEARS ago . Some no-name OP posts in 2006 Madoff is under investigation by the SEC for multiple violations.

It wouldn't take 3 years of the SEC to unravel a Ponzi scheme. No fucking way.

So they come out now, lay charges after the die is cast to keep up appearances they tried "but were too late".

Tell me thats not the case.

Tiger, please, tell us what you know. You're holding back on us, brother!!
 
Quote from Brandonf:

Not only did he lose $50 billion, the complaint says that he only had like 11 clients. Thats a shit load of money per client.
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WTF? How can that be? I mean, how the #@&^ do you do a Ponzi with 11 people?

That sounds very hard to believe.
 
Quote from nyxtrader:

I agree 100%. We are just now starting to really tip the iceberg.

Trade as much as you can...I believe there is only 5 or 6 more years of good trading left.

Wealthy or no wealthy it doesn't matter...we're all in deep shit!
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Unfortunately you are probably right.

This past year has made me feel justified in my decision over the past couple decades to never trust anyone with a penny of my money.

We're all witness to the dark side of capitalism. Unbridled greed.

And all of this is simply going to lead to more and more government intrusion and regulation.
 
Quote from Cdntrader:

http://www.theimproper.com/docs/madoff.pdf
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In that doc the FiBIe says the SEC docs said between 11 and 25 clients and 17.1B. But Madoff already said he lost 50B so the SEC filing appears to be fake too. (Yeah, I'm surprised too ;) ).

Wow, one of the "senior employees" also had "several million" invested. Dang. Lose your job and all your dough in one fell swoop.
 
Quote from Ivanovich:

They really need to institute the death penalty for fraud above a certain amount.
More...

Dear Sir, I've been calling for the return of public hanging for a good while now. Welcome to the fold.
 
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