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Started By
Message
re: Scandals you found overblown?
Posted on 11/18/23 at 9:11 pm to Porpus
Posted on 11/18/23 at 9:11 pm to Porpus
quote:
we are in fact talking about lying about returns, not principal.
quote:. From internet unsure if true.
Madoff, a prominent New York financier, pleaded guilty in 2009 to running a Ponzi scheme that resulted in as much as $20 billion in cash losses and $65 billion in paper losses.
I mean opportunity cost of just being in a SP500 was probably 8% a year
Also people sold bought house etc and had that taken away
1
Posted on 11/18/23 at 9:14 pm to thelawnwranglers
BS
This post was edited on 1/5/25 at 8:42 am
Posted on 11/18/23 at 9:22 pm to Porpus
quote:
gave up even trying to make investments 12 years before he was busted
Yeah was grift and just laying off others with new investment
Was always so curious if they had fake history of trades to justify returns
Like how easy should it have been busted
This post was edited on 11/18/23 at 9:24 pm
Posted on 11/18/23 at 9:31 pm to Porpus
Watergate doesn’t bother me. Does your conscience bother you?
Posted on 11/18/23 at 9:33 pm to Porpus
Watergate
Posted on 11/18/23 at 9:39 pm to cypresstiger
Watergate for sure.
This post was edited on 11/18/23 at 9:42 pm
Posted on 11/18/23 at 9:42 pm to Porpus
Watergate
Posted on 1/5/25 at 8:41 am to coolpapaboze
quote:
You might want to read up on that.
Looks like you've got some reading to do, homie. Maybe stay in your lane next time. You're probably good at Golden Tee or something... right?
CNN: Bernie Madoff's victims recovered 94% of their money
"Justice" Department
Of course the DoJ's spin will be "wow, we're so great, we found all this money!" Uhhh, no... you threw the guy who knew where it was into prison, and he died, and then you had to find it.
As I said: totally overblown.
Posted on 1/5/25 at 8:50 am to Porpus
Watergate. I was a kid when it happened. I asked my grandparents what it was all about and they said I would understand when I was older which is what they told me about sex. I grew up thinking that it was a sex scandal. When I got older and learned about it in school, I thought it was overblown.
Posted on 1/5/25 at 8:55 am to Pax Regis
quote:
Still hard to fathom the country went into meltdown over a botched breaking and entering in which nothing was stolen.
We impeached Nixon over trying to do what Obama and Biden have admitted to successfully doing for the last 12 or so years. And nobody cares.
Posted on 1/5/25 at 9:08 am to Porpus
I must really need glasses. I kept reading the topic as ”sandals you found overblown…”
I thought I was going read about fat women with cankles that should be no where near a beach nor wearing sandals in the first place. Why punish and innocent shoe with that terror.
I thought I was going read about fat women with cankles that should be no where near a beach nor wearing sandals in the first place. Why punish and innocent shoe with that terror.
Posted on 1/5/25 at 9:33 am to Porpus
Posted on 1/5/25 at 9:34 am to Porpus
Cam Newton and $180k.
Posted on 1/5/25 at 9:38 am to AUbagman
quote:
J6
This. You look at all the horrible events with mass casualties that occur home and abroad that are immediately forgotten. Then you have people still locked up and the ruling class talking in histrionics about this 4 years later.
Posted on 1/5/25 at 9:38 am to Porpus
quote:
Bernie Madoff's crime was failing to admit that he wasn't making his clients as much money as he'd said. He didn't just take all their deposits and steal them.
This is like calling Enron just an accounting error.
Posted on 1/5/25 at 9:41 am to Porpus
You still don’t understand what happened
Posted on 1/5/25 at 9:45 am to Porpus
quote:
right? CNN: Bernie Madoff's victims recovered 94% of their money "Justice" Department Of course the DoJ's spin will be "wow, we're so great, we found all this money!" Uhhh, no... you threw the guy who knew where it was into prison, and he died, and then you had to find it.
How dense are you? He stole $20 billion from investors because he never invested it.
The $16 billion they recovered is just taking the stolen money back. So $4 billion is still unaccounted for because he spent it.
The actual cash amount stolen was $20 billion but the potential amount is closer to $60 billion. That means if the stolen money was invested in a modest return index fund, it would have been worth $60.
I don’t understand what the disconnect is here.
Posted on 1/5/25 at 10:40 am to Porpus
J6, and pretty much anything involving Trump
Bountygate
Joe Paterno got jobbed in the Sandusky thing
Bountygate
Joe Paterno got jobbed in the Sandusky thing
Posted on 1/5/25 at 10:43 am to Porpus
The Ray Rice incident. I think if he doesn’t drag the body out of the elevator he gets less games.
Posted on 1/5/25 at 11:35 am to Kafka
quote:
Were Jim Thorpe's Olympic medals ever returned?
His 2 Gold Medals for the Olympics of 1912 pentathlon and decathlon were restored in 2022.
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