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re: How will BR/LSU/TAF handle the Stanford crisis?

Posted on 2/19/09 at 10:57 pm to
Posted by Cash
Vail
Member since Feb 2005
37259 posts
Posted on 2/19/09 at 10:57 pm to
quote:


Some big fish will be fried but you will be shocked to find out big fish are usually told to get their money out earlier than joe blow.




You need to think about losing the conventional wisdom/talking points. Did you follow the Madoff situation? Some of the richest people in the world had their accounts go to zero. NOBODY got out.


Even if some did get out and thus profit, the money they withdrew can be claimed as a result of a class action suit and spread around to all investors.
Posted by ironsides
Nashville, TN
Member since May 2006
8153 posts
Posted on 2/19/09 at 11:35 pm to
Stanford, Madoff - I hope both frickers get the stonwall easter egg

Conjugal visits? Mmmm. Not that I know of. Y'know, minimum-security prison is no picnic. I have a client in there right now. He says the trick is: kick someone's arse the first day, or become someone's bitch. Then everything will be all right. W-Why do you ask, anyway?
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