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Reply #1: He is a sociopath. And his clients probably fall into two primary categories. [View All]

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geckosfeet Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-15-08 05:07 PM
Response to Original message
1. He is a sociopath. And his clients probably fall into two primary categories.
1. Want to make a quick buck, don't care how, who or where and not doing the research.
2. Want to make a quick buck, don't care how, who or where and did the research but can't argue with his apparent success.
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  -Two Considerations for anybody Laughing over the Madoff Scandal Mike 03  Dec-15-08 05:03 PM   #0 
  - He is a sociopath. And his clients probably fall into two primary categories.  geckosfeet   Dec-15-08 05:07 PM   #1 
  - wrong. but continue your delusional and uniformed beliefs.  cali   Dec-15-08 05:16 PM   #11 
     - pathetic  leftofthedial   Dec-15-08 06:11 PM   #30 
     - Oh wait - I was wrong. He is the salt of the earth and so are his clients. eom  geckosfeet   Dec-16-08 01:33 AM   #37 
     - I think that was a pretty accurate description.  girl gone mad   Dec-16-08 03:29 AM   #38 
        - And the SEC did/said WHAT?  elleng   Dec-16-08 04:28 AM   #41 
  - Many college endowments never actually end up being USED  SoCalDem   Dec-15-08 05:07 PM   #2 
  - I think some of the laughers fail to realize how connected everything is,  pnwmom   Dec-15-08 05:08 PM   #3 
  - Charitable organizations had no right to use a hedge fund with their money  DJ13   Dec-15-08 05:08 PM   #4 
  - They do all the time  gravity   Dec-15-08 05:18 PM   #13 
  - Sorry, but there IS a significant difference between a bond fund & hedge fund  DJ13   Dec-15-08 05:20 PM   #17 
     - Many are suitable for institutions  gravity   Dec-15-08 05:25 PM   #23 
  - Correct, and if I had money to donate and a charity messed with a hedge fund, I would be pissed.  sarcasmo   Dec-15-08 05:20 PM   #18 
  - Since he has been around so long, and WAS respected...perhaps he had  BrklynLiberal   Dec-15-08 05:09 PM   #5 
  - The slippery slope. Sometimes the desire to please others  JDPriestly   Dec-15-08 05:23 PM   #19 
     - Can you imagne what would be happeningif the repukes had succeeded in privatizing SS??  BrklynLiberal   Dec-15-08 05:48 PM   #29 
        - I Can Imagine It  ProfessorGAC   Dec-16-08 05:31 AM   #45 
  - yea colleges have charged 10x the rate of inflation, i cry for them  natrat   Dec-15-08 05:10 PM   #6 
  - Irony  ayak9   Dec-15-08 05:19 PM   #14 
  - Well said, Mike. There's much more to this than a come-uppance for rich folks. Link to client list:  KrazyKat   Dec-15-08 05:12 PM   #7 
  - Where has the money actually GONE? n/t  IanDB1   Dec-15-08 05:13 PM   #8 
  - the principle amounts from investors were used to pay "dividends" to investors...  QuestionAll   Dec-15-08 05:20 PM   #16 
  - That's what I was afraid of. In other words, it's been "dissipated." n/t  IanDB1   Dec-15-08 05:25 PM   #22 
  - yup..it's going to be a good time to pick up some bargain-basement palm beach estates...  QuestionAll   Dec-15-08 11:23 PM   #33 
     - LOTS of such properties on the market already!  elleng   Dec-16-08 04:30 AM   #42 
  - Is that the definition of a "Ponzi Scheme"? eom  FloridaJudy   Dec-16-08 03:37 AM   #39 
     - yep, pretty much...  QuestionAll   Dec-16-08 05:57 AM   #46 
  - If there had been a return of just 1% per year...  Boojatta   Dec-15-08 05:25 PM   #24 
  - To high life  tama   Dec-15-08 05:40 PM   #25 
  - I heard only 20 billion of it has been accounted for.  Joe Fields   Dec-15-08 11:42 PM   #35 
  - I'm not defending Madoff, he was a piece of you know what  Mike 03   Dec-15-08 05:14 PM   #9 
  - Wake up, Mikey n/t  tama   Dec-15-08 05:41 PM   #26 
  - To put it another way: There's nothing to be happy about.  Mike 03   Dec-15-08 05:15 PM   #10 
  - Now we know who expected to make a killing every month,  Waiting For Everyman   Dec-15-08 05:18 PM   #12 
  - All I'm trying to say is that It's Not Funny. This might have deserved to happen, it was karma,  Mike 03   Dec-15-08 05:19 PM   #15 
  - It is Funny  tama   Dec-15-08 05:43 PM   #27 
  - "...money managers for retiree pension funds..."  charlie   Dec-15-08 05:24 PM   #20 
  - Whether concerned for his victims or not, he became just too big to fail.  damntexdem   Dec-15-08 05:24 PM   #21 
  - Please  tama   Dec-15-08 05:46 PM   #28 
  - These people willingly put their money into the "black box"  high density   Dec-15-08 06:26 PM   #31 
  - well..i still get a chuckle out of every new revelation that comes out...  QuestionAll   Dec-15-08 06:27 PM   #32 
  - They deserved it because they, too, were stupid.  tomreedtoon   Dec-15-08 11:35 PM   #34 
  - No worries.... they will be bailed out with taxpapers money and have... this sucks  Ichingcarpenter   Dec-15-08 11:44 PM   #36 
  - Not laughing  Jake3463   Dec-16-08 04:00 AM   #40 
  - The 'non-government'  elleng   Dec-16-08 04:39 AM   #43 
  - Who's laughing? Me, I'm pissed.  TheGoldenRule   Dec-16-08 05:24 AM   #44 
 

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