myiW Current Conditions and Forecasts Community Forums Buy and Sell Services
 
Hi guest · myAccount · Log in
 SearchSearch   ProfileProfile   Log in to check your private messagesLog in to check your private messages   RegisterRegister 
Anyone out there eating Madoff Muffins?
Goto page 1, 2  Next
 
Post new topic   Reply to topic    iWindsurf Community Forum Index -> Southwest USA, Hawaii, Mexico
View previous topic :: View next topic  
Author Message
theq



Joined: 10 Apr 2000
Posts: 649

PostPosted: Mon Dec 15, 2008 10:49 am    Post subject: Anyone out there eating Madoff Muffins? Reply with quote

I'm just wondering whether we have any "let 'em eat cakers" who are enjoying their "Madoff Muffins" right now?

I've had a growing suspicion that virtually every person in America is stealing from someone else (All the while calling it "good business), whether it be purely padding materials lists in construction, to Madoff-like ponzi schemes. With each passing day, even I am surprised with how adept the criminals in this country are, how inept the regulatory agencies are, and how gullible the American people are.

Is there anyplace to hide from the steady devaluation of ethics? Oh Lord, even the country club isn't safe anymore!! Rolling Eyes Wink

How could people have amassed the large fortunes they invested in hedge funds like Madoff's without having heard the age-old saying, "If it sounds too good to be true, it probably is"? Odds are that they were just smart enough to cheat well, much like Madoff himself, or they inherited it.
Back to top
View user's profile Send private message
MalibuGuru



Joined: 11 Nov 1993
Posts: 6660

PostPosted: Mon Dec 15, 2008 11:53 am    Post subject: Reply with quote

My friend, we are at war with:
1) a lack of morality and work ethics
2) Nanny government and socialism.
3) Greed and fear

It's like yin and yang, except the govt won't let it all work out naturally. Secondly, people thought they could sit on their asses while their real estate assets and market assets just kept going up without working. No hard work, and a porsche lifestyle. It's been a great 10 year party. Now it's hangover time.

Trust me, Obama, Reid and Pelosi are wolves just like Madoff and the millions of other guys (big and small) who want your home, car, wife, girlfriend and money for themselves. Things haven't changed in 6000 years of human history. Take care of yourself baby. Don't expect the govt or investment advisor to do it for you.
Back to top
View user's profile Send private message
swchandler



Joined: 08 Nov 1993
Posts: 8409

PostPosted: Mon Dec 15, 2008 1:23 pm    Post subject: Reply with quote

"Trust me, Obama, Reid and Pelosi are wolves..."

Come on Bard, why not throw a handful of prominent Republicans and Fundamentalist Christians in the mix too? We don't want to be too one-sided and prejudicial in our outlook here. That would be really shortsighted and way way off the mark.
Back to top
View user's profile Send private message
MalibuGuru



Joined: 11 Nov 1993
Posts: 6660

PostPosted: Mon Dec 15, 2008 2:06 pm    Post subject: Reply with quote

swchandler wrote:
"Trust me, Obama, Reid and Pelosi are wolves..."

Come on Bard, why not throw a handful of prominent Republicans and Fundamentalist Christians in the mix too? We don't want to be too one-sided and prejudicial in our outlook here. That would be really shortsighted and way way off the mark.


Hey I didn't leave them out. Pelosi, Reid and Obama are going to tax American wealth away and the Wall streeters (mostly conservative) are going to fee it (or ponzi it) away.

As for the faithful Christians and Jews I know, you could trust them with your life, your money and your wife.
Back to top
View user's profile Send private message
theq



Joined: 10 Apr 2000
Posts: 649

PostPosted: Mon Dec 15, 2008 3:08 pm    Post subject: Reply with quote

stevenbard wrote:

Hey I didn't leave them out. Pelosi, Reid and Obama are going to tax American wealth away and the Wall streeters (mostly conservative) are going to fee it (or ponzi it) away.


While one could bring up the old saying about the road to ruin being paved by good intentions, one might also say that at least half of those in the equation stated above has good intentions. I believe that there's a huge distinction there. One is trying to do good for many, (albeit with some real risk of failure), the other is just doing what's good for them personally. Again, big distinction.

stevenbard wrote:
As for the faithful Christians and Jews I know, you could trust them with your life, your money and your wife.


I have learned that my trust is better placed in people who don't count on being forgiven. But I guess that's what makes it a ponzi scheme...I mean a horse race.

Funny (In a sick sort of way) that the crook's name is pronounced May-doff, considering with how much he "made off" with. No?
Back to top
View user's profile Send private message
swchandler



Joined: 08 Nov 1993
Posts: 8409

PostPosted: Mon Dec 15, 2008 3:18 pm    Post subject: Reply with quote

Let's be honest. I have little doubt that you will probably have to pay higher taxes, and that's what your true rub is. I seriously doubt that I will pay more, and it's very likely that my taxes will go down based on Obama's plan. When it comes down to it, your taxes will simply rise back to the level they were prior to the Bush's tax cuts for the wealthy, and rightly so.
Back to top
View user's profile Send private message
capetonian



Joined: 11 Aug 2006
Posts: 1006
Location: Florida

PostPosted: Mon Dec 15, 2008 8:12 pm    Post subject: Reply with quote

theq wrote:
While one could bring up the old saying about the road to ruin being paved by good intentions, one might also say that at least half of those in the equation stated above has good intentions. I believe that there's a huge distinction there. One is trying to do good for many, (albeit with some real risk of failure), the other is just doing what's good for them personally. Again, big distinction.


Mark Twain said it best - America is a nation without a distinct criminal class "with the possible exception of Congress."
Back to top
View user's profile Send private message
jse



Joined: 17 Apr 1995
Posts: 1358
Location: Marin

PostPosted: Mon Dec 15, 2008 10:24 pm    Post subject: Reply with quote

stevenbard wrote:
My friend


why does that sound so familiar?

Steve
Back to top
View user's profile Send private message
theq



Joined: 10 Apr 2000
Posts: 649

PostPosted: Tue Dec 16, 2008 10:49 am    Post subject: Minyanville Article on "Made-off" by Guy Bennett Reply with quote

"Our priorities have become random and perverse. We spend $6 billion a year incarcerating 300,000 American men and women guilty of drug offenses. We're supposed to be grateful to our government for keeping these nasty criminals away from us, while we applaud the purity of the “free-market economy” that encourages guys like Madoff to rip us off."

http://www.minyanville.com/articles/nasdaq-HBC-economy--mortgage-/index/a/20350/p/1
Back to top
View user's profile Send private message
theq



Joined: 10 Apr 2000
Posts: 649

PostPosted: Tue Dec 16, 2008 11:14 am    Post subject: Reply with quote

stevenbard wrote:

As for the faithful Christians and Jews I know, you could trust them with your life, your money and your wife.


This reminds me; I had to do a double-take when channel-shopping the other night. I had thought that I'd heard a guy on one of those Christian televangelist shows telling his "flock" the best ways to invest their money. Yes, there was this Indian, or similar ethnicity, standing in the center-ring/stage, interviewing an investment expert on the best way to invest during such a major market downturn. He was taking questions (seemed to be rather scripted to me) from the audience. They spoke of potential investments in gold (suggested by the preacher, and tied it to something bibilical), to continuing with dollar cost averaging into the market. While I won't say that his advice was bad, it seemed that it was a little strange seeing it discussed during a religious service. I'm sure that they had their flock's best interest at heart, albeit perhaps indirectly. In this case what's good for the gander, will be good for the goose, i.e. bigger tithes.

What would Jesus do? Why he'd dollar cost average of course. Rolling Eyes
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    iWindsurf Community Forum Index -> Southwest USA, Hawaii, Mexico All times are GMT - 5 Hours
Goto page 1, 2  Next
Page 1 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You can attach files in this forum
You can download files in this forum

myiW | Weather | Community | Membership | Support | Log in
like us on facebook
© Copyright 1999-2007 WeatherFlow, Inc Contact Us Ad Marketplace

Powered by phpBB © 2001, 2005 phpBB Group