Paulson in private talks to bail out Madoff Investors

madoff situation is why investors need sipc and fdic when company's like madoff screw up BIG TIME.




Quote from tradersboredom:

2007 and 2008 has been very tough for quants of 50 billion size portfolio to return 12% cash.

Madoff's investors were making supposedly 12% cash returns.

they thought they were investing in 'risk free' bond like investments that paid 12% per year

the only way he could have done those return on that large of scale 50 billion would only be by LEVERAGE which is no longer available.

leverage is cut cut NO LEVERAGE. Just like when your bank cancel your credit line or calling all short term loans.

his business model collapse.

it wasn't a ponzi scheme in the classic sense that clients didn't own any shares.

all shares WERE registered with SEC etc.

his system either screwed up where all his positions were liquidated at 100% loss or the client funds after liquidation was embezzled offshore.
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All the investors were jewish......hmmmmmm anyone see the connection if this is even a possibility.

Now if this really happened I would be pissed off if I was the guy who already committed suicide.
 
Quote from arealpissedgoy:

same source that provided the rate cut news which I posted previously.


http://www.elitetrader.com/vb/showt...ighlight=arealpissedgoy rate cut&pagenumber=1


from what I understood, the talks involved assisting madoff largest feeder fund investors FFG/Tremont.

personally I think the feeder funds were well into the scam themselves. Feds trying to stem lawsuits which will show elements within the SEC are culpable.

The FBI has re-allocated massive resources to this case. End of January we'll see block buster indictments. Many careers in the SEC are finished.
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so how much on this fed rate cut that you had insider info on? rofl
 
Quote from drukes1234:

So still no source on this?


The chances of this being true is incredibly slim to none.
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WTF do you need?


name, address, telephone number?


LOL. Imbecile.


Wait till Jan 20th and you'll find out how it rolls.
 
You're citing a source as a thread where you guess there will be a rate cut when everyone knew one was coming and Bernanke hints to one and you claim you actually have a "source"


Comical.



Good thing most of your threads get moved to chit-chat
 
Quote from arealpissedgoy:

WTF do you need?


name, address, telephone number?


LOL. Imbecile.


Wait till Jan 20th and you'll find out how it rolls.
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January 20th has come and gone and like we all expected NOTHING.. pathetic buddy
 
Quote from drukes1234:

January 20th has come and gone and like we all expected NOTHING.. pathetic buddy
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rofl...im glad you bumped this because the OP is a douche
 
Things like this are the exact reason Capitalism doesn't work. For Capitalism to work correctly, there has to be some losers. Some people will strike it rich, some will be utterly destroyed. If you play Monopoly long enough, eventually someone wins and 3-4 people lose. If you keep giving the losers "bailouts" the bank runs out of money and the game has no point.
 
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