Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

Madoff says U.S. government a Ponzi scheme

World Mar. 01, 2011 - 03:55AM JST ( 7 )

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7 Comments

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GJDailleultMar. 01, 2011 - 08:54AM JST

Madoff should have never turned himself in, that was his big mistake. He provided a convenient scapegoat to make it look like something was being done while the really big fish continue raiding the piggy bank.
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TumbleDryMar. 01, 2011 - 01:08PM JST

The whole system is a Ponzi scheme. You just need to play it. Have a look at the inflating stock bubble. Need more QE? The USD won't be worth a continental soon or later.
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jruaustraliaMar. 01, 2011 - 01:22PM JST

He provided a convenient scapegoat to make it look like something was being done while the really big fish continue raiding the piggy bank.

His arrest provided a placebo effect.

“The whole new regulatory reform is a joke,” Madoff said during a telephone interview with New York magazine in which he discussed his disdain for the financial industry and for its regulators.

Yes, yes, Mr MADOFF after all onion's the only thing in the US that you can't trade in the futures.
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SolidariTeaMar. 01, 2011 - 06:46PM JST

Madoff should know, he donated heavily to the Democrat party.
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TumbleDryMar. 01, 2011 - 07:26PM JST

SolidariTea on the "the pot calling the kettle black" again...
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SolidariTeaMar. 01, 2011 - 07:42PM JST

SolidariTea on the "the pot calling the kettle black" again

Why hello there, Mr Pot! Did you know Bernie Madoff and others at his company - Bernard L Madoff Investment Securities - made over 3 million dollars in campaign contributions [ cough cough ] since 1991? Guess what - 89 per cent of it went to the Democrats!

Goodness, Mr Kettle, how did the mainstream media miss that one?
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TumbleDryMar. 01, 2011 - 11:02PM JST

SolidariTea, find politicians that didn't get some sort of contributions from fraudsters. Even republicans got some money from Madoff. Next, dig with Enron and other companies/personalities contributing Dem/Rep/etc. Get off your high horse and get real for a sec.