"Bailout" for Madoff investors??

[4dsc]

Did anyone catch the piece on FOX last night about some investors proposing that the Federal government BAIL them out over the Madoff scheme??

Although I didn't stick around to see what happened or who exactly was proposing this, I just had to chuckle to myself.. Why not, we bailed out everyone else except the middle class and poor..

[kirby]

1. Yes...

For the 10 minutes or so I watched it, I wanted to throw something at the TV. The most hypocritical was
Tom Tancredo, that GOP presidential ultra-conservative. Apparently he lost his ass to Madoff and was bitching that he expected the government to bail him out.

There were also the people early in the ponzi scheme who actually pulled more money out than they invested. Of course, that money really was someone elses money. When they asked some of those people if they felt a moral obligation to give it back to someone else who was a victim, they were quick to say no way.

[Fovea]

2. I agree with Faux snooze on this government bailout!!!

But only if it is the government of Israel.

[RB TexLa]

4. So I guess if I were to get a bailout for something it should come from the government of Ireland?

who else is not good enough or American enough to get one from your government. That's only for "pure" 'Mericans?

[Fovea]

7. Well that depends...

Did you tout your role in the order of Hibernians in order to fleece the Tuatha?

That is a big part of how Madoff fleeced the chosen people, as well as everyone else.
He's a crook who prayed on lazy money managers and privileged investors.
He used the Jewish Charities as a bona fide.
That is why I say let the theocracy pay for his crimes.

Bernie Madoff ran an investment scam. Not a bank, not a savings and loan.
Where to you draw the line?

Should we have bailed out the Bank of the Vatican in the 80s?
Who *isn't* deserving of federal bailout dollars?

So if any government should be vouchsafing Bernie's big score, it should be the theocracy
in question. He used his standing in the religious community as a cover. Let that religious community cough the bux up, if anyone does.
I wouldn't bail out the followers of Gardner Ted Armstrong after he announces the next end of the world and his followers go on another WWCoG spree, spending like there is no tomorrow.

How is this group different?
They put their faith in yet another good, moral, godly man to make them rich.
So did the followers of Elmer Gantry.
Faith can be a positive good, or a disease.
It depends on where you place it.

In the US, safe investing is called banking. Not investing in a bank, but depositing in it.
Just my opionion, your milage may vary.

[RB TexLa]

8. I'm not saying they should be bailed out. Just your idea that if Jews want a bailout

they should go to the Israeli government for it.

:puke:

[spanone]

3. bailout my fucking 401k then.

[AllentownJake]

5. Fucking Ridiculous

If Madoff hadn't hit charities I'd call him a hero for showing the dumb ass rich why regulation and enforcement of regulation is important.

We had an article in the local paper about a couple who lost a couple million. They were all whining, I looked up their voter registration big fat R and they were Bush and McCain donors. They reaped what they sowed.

[madmom]

6. Here lies the difference, when you bail out an auto company, that is

supposedly going to help the employees who, for their entire life helped build the company, gave up things like raises, family outings, important family milestone celebrations,and most importantly health.They did this because they were told they would have this nice pension/retirement package. Now we have investors who did nothing but put out money, no threat do their personal well being, knowing full well there was a risk.Sure their money helped build the company also, BUT they knew going in, there was a risk of losing it. The employees, not so much.