Tag archive for ‘Clawbacks’

• Madoff: “Screw the Victims”

  29 June 10 • 1 comment

  

  Inside Edition: “It’s been reported that Madoff said, ‘Screw the victims.’ What’s your response?”

  Answer in chorus: “He already did.”

  Read more by clicking on the title above.

• Club Madoff

  17 June 10 • 1 comment

  

  Twenty-nine Madoff victims have banded together to tell their stories. I can hardly wait to read their book which is appropriately titled: The Club No Wanted to Join—Madoff Victims in Their Own Words.

  I have not seen the book. My copy has not shipped yet. But I look forward to reading about the investment experiences with Madoff and his intermediaries. I also look forward to reading what the authors report about Irving Picard, the trustee.

  Click on the title above to read more, including my recipe for “Spaghetti alla Madoff.”

• Fraud—Spoils of Democrats and Republicans

  24 February 10 • Comments Off

  Here’s what I don’t get. Why is it necessary to sue these groups? Stanford’s name is toxic. I would think Democrats and Republicans alike would run from any association with him and return funds—quietly, under the radar, without spending taxpayer money through a back-and-forth lawsuit.

• Madoff: The Three Amigos

  12 June 09 • Comments Off

  

  What do Bernie Madoff, Ahmed Ghailani, and a captured Somali pirate have in common? They’re all locked in the same New York prison. It’s too bad Ghailani, Guantanamo detainee and terror suspect with alleged links to Al Qaeda, is being held in isolation. I can’t help but wonder about conversations during meal hours.

• Madoff Leftovers

  8 June 09 • 5 comments

  

  Today, The New York Times reported a dispute between Madoff victims and the trustee. The issue is who’s eligible for SIPC payments. The article illustrated the complexity of Madoff’s tangled mess. Hence, the spaghetti metaphor. The article also described the lack of agreement and, I think, a fair solution. Hence, the references to refrigerator rot. Let’s break down the story.

• The Fast and the Curious

  27 May 09 • Comments Off

  

  Backslapping and pronouncements of a fast victory—the self-congratulations are a red flag. There are plenty of unanswered questions. I can’t help but wonder what the clients of Banco Santander think.

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