If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Daily Mail)   Cancer has stage-4 Bernie Madoff   (dailymail.co.uk) divider line 58
    More: Sick, Bernie Madoff, Virginia GOP, heart attacks, European Economic Area  
•       •       •

13613 clicks; posted to Main » on 22 Jan 2014 at 9:50 PM (30 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2014-01-22 09:53:55 PM
11 votes:
For the audacity and nerve Madoff has, there is still one thing that bugs me.  The only reason he does hard time is he scammed the 1%.  All those other bozos who scam us laugh from their yachts.
2014-01-22 09:57:46 PM
8 votes:
His only mistake was he scammed rich people. If he had simply stolen from the middle class and poor like the rest of Wall St. he'd be a free man today.
2014-01-22 09:01:21 PM
6 votes:
How could he have a heart attack when he doesn't have a heart?
2014-01-22 10:21:07 PM
5 votes:

That Guy Jeff: What's that thing people say whenever someone gets shot while stealing... oh yes, "possessions aren't worth a human life". So we should all feel bad cause all he took was possessions, and this is a human life we are talking about, right?


I was on the fence about his cancer until your post.

What he took from some people was their life savings and their future.
What he took from me (directly) were two of my biggest donors, forcing me to close a non-profit that helped children and the elderly. About 40 regular clients, their families - not to mention employees and volunteers.
If we are weighing his human life, the end of it in pain and incarcerated then I must balance that against the other human lives he impacted - he comes up short even when I add in his son's suicide.

Sorry - Anger overshadows pity
2014-01-22 10:08:55 PM
4 votes:

Boojum2k: aurorous: His only mistake was he scammed rich people. If he had simply stolen from the middle class and poor like the rest of Wall St. he'd be a free man today.

I guarantee he damaged far more poor people's lives than the rich he scammed.


Here locally, there was a plumbers' and pipe fitters' union that he farked - the opposite of the Silver Spoon crowd. People who worked hard all of their lives and scrimped and saved to be able to retire and spend their senior years in a bit of comfort lost everything they had worked for. F*ck this guy.

Use him as a test subject for some radical new cancer treatment. That way maybe he can contribute to the human race before he kicks.

Only if it works, give him a new kind of cancer and keep trying shiat. Repeat as necessary.
2014-01-23 02:02:03 PM
3 votes:

chrisco123: Don't care who he is or what he did.  It wasn't bad enough to deserve cancer.  Money can be re-earned end things can be replaced.  A human life cannot.


Right, tell that to the people whose money went up in smoke thanks to this guy.  Word of warning:  don't expect sympathy from them over his plight.
2014-01-22 11:03:56 PM
3 votes:

TV's Vinnie: A lot of people rage at Bernie Madoff, but let's remember the facts here; he ripped off only rich people who wanted to get even richer and not have to pay any taxes.

IMO, the greedy selfish suckers got what they deserved.


notsureifserious.jpg

csb: I was on one of those 100-person "research" vessels in the Antarctic when Madoff hit. Two of our passengers were Madoff victims. One got summoned to the bridge to take an urgent satellite call from his wife back home - to get the news that they just lost EVERYTHING.  He tells the story now that pretty much anywhere in the world you can fly home in anemergency.... except from a ship in Antarctica. His story involves seeing Madoff's face mocking him  on every penguin we saw for the next 10 days.

The way he describes Madoff was that he was synonymous with "bank" the way facial tissue = Kleenex, photo copier = Xerox, etc. It was always considered a safe, secure, very low-risk investment, and he fleeced so many regular people. People would pool their money to be able to buy into his fund because there was a minimum that these people could not reach alone.  It was horrible to see the lists of charities that he scammed out of their endowments, families who invested and lost their hard-earned retirement money, etc
Both guys from the trip joined what essentially was a Madoff support group here in the SF Bay Area.  One of the members of the group invested 100% of her savings with Madoff - which happened to be her Lukemia treatment fund. She lost everything.
Screw Madoff. Cancer is too easy an escape for that bastard.
2014-01-22 10:53:30 PM
3 votes:
Bernie Madoff's illness cannot be slow enough or painful enough to balance the books for his crimes.

Flay him a millimeter at a time over ten years, washing him in alcohol every hour on the hour and you'd have a good start.  Use him for the stuff that Mengele and Unit 731 thought was over the top and I'll consider that he might have suffered enough.  The damage that sociopath caused went way beyond the financial sector.

He should suffer until the entire financial sector flinches when they hear his name.
2014-01-22 09:59:45 PM
3 votes:

aurorous: His only mistake was he scammed rich people. If he had simply stolen from the middle class and poor like the rest of Wall St. he'd be a free man today.


I guarantee he damaged far more poor people's lives than the rich he scammed.
2014-01-22 09:57:18 PM
3 votes:

Another Government Employee: For the audacity and nerve Madoff has, there is still one thing that bugs me.  The only reason he does hard time is he scammed the 1%.  All those other bozos who scam us laugh from their yachts.


To be fair, a lot of middle-class people were hit hard by him, but yeah, it was because he hurt so many wealthy people that he became so reviled. It's okay to destroy the world economy through manipulation of libor and bond market rates, subprime mortgages, credit default swaps, and so on, because hey, people with capital can make bank in a recession. Don't fark with the wealthy though.
2014-01-22 09:53:49 PM
3 votes:
ingat.info
2014-01-23 06:47:09 AM
2 votes:

rewind2846: As much an asshole as Madoff is (and probably his kids too), I have yet to get the answer to one question: I have watched interviews with some of the people who invested their money with him, and the one thing I did not see was a recognition that the "returns" they were supposedly getting from Madoff were well above the average for investments of that type and at that time. Totally off the charts. Mad stupid money. Big ducats. Crazy dollars.

Didn't anyone ever ask why that was, or were their eyes clouded with so much greed that they simply couldn't see that he was screwing them royally? And did that greed make them at least partially culpable in this whole mess?


Yes. They knew. And they didn't care. They were too greedy, they just looked the other way and thought they could cash out before the other suckers would.

You have to keep in mind that it wasn't just honest people and pensions and investors putting money into his fund. He had organized crime syndicates and Russian blood money and other unsavory capital pouring into it as well. Because the returns were so great and he was evading regulation and oversight so it was a good place to hide/launder money. So he probably couldn't shut it off even if he wanted to. He knew he was in over his head probably a few years into operation, and kept it going out of fear for his own life and safety, as well as his family's.

Remember that it wasn't some big secret. This guy knew about it since its very inception

www.examiner.com

And he warned the SEC about it for EIGHT YEARS. He filed dozens of reports: BIG PONZI SCHEME. VERY BAD. SHUT IT DOWN. And the SEC did nothing. Ignored it because they were Bush croneys and they were paid to look the other way. And some of them probably had money in it as well.

Greed corrupted everything. This is the result.

/that guy above, btw, is Harry Markopolos. He was the Lieutenant Gordon of this shiat, the last honest man in finance. Here's his congressional hearing. Well worth it to watch the full thing.
2014-01-22 10:34:12 PM
2 votes:

parasol: That Guy Jeff: What's that thing people say whenever someone gets shot while stealing... oh yes, "possessions aren't worth a human life". So we should all feel bad cause all he took was possessions, and this is a human life we are talking about, right?

I was on the fence about his cancer until your post.

What he took from some people was their life savings and their future.
What he took from me (directly) were two of my biggest donors, forcing me to close a non-profit that helped children and the elderly. About 40 regular clients, their families - not to mention employees and volunteers.
If we are weighing his human life, the end of it in pain and incarcerated then I must balance that against the other human lives he impacted - he comes up short even when I add in his son's suicide.

Sorry - Anger overshadows pity


I'm just being sarcastic, I'm glad the jackwagon is suffering.

I don't actually believe that human life is worth more than "things", I think things represent portions of human life. Murder takes away your future life, theft takes away your past life. If it took three hours of your labor to afford a TV and someone steal that TV, they stole 3 hours of your life. They might as well have kidnapped you for three hours.
2014-01-22 10:31:13 PM
2 votes:
too bad it wasn't this greedy sociopath

encrypted-tbn3.gstatic.com
2014-01-22 10:21:04 PM
2 votes:

Another Government Employee: For the audacity and nerve Madoff has, there is still one thing that bugs me.  The only reason he does hard time is he scammed the 1%.  All those other bozos who scam us laugh from their yachts.


Yeah, no, that's a quite common misconception.

Check out "American Greed" on CNBC some time. About 85% of those who get taken by Madoff and his ilk are ordinary people who've saved up enough to make it worth investing and want only to have enough extra income to not have to live on hamburger and cat food during their golden years. Or to leave a little something to their grandkids. They're not wealthy bozos who deserve to get taken.
2014-01-22 10:11:50 PM
2 votes:
I guess cancer's tired of all the bad press it gets and is starting a PR campaign.
2014-01-22 10:08:55 PM
2 votes:
Well...bye.
2014-01-22 10:04:21 PM
2 votes:

i78.photobucket.com

2014-01-22 10:01:27 PM
2 votes:
That sucks. Cancer didn't do anything to deserve that.
2014-01-22 09:58:07 PM
2 votes:
+1 because cancer deserves better.
2014-01-22 09:54:21 PM
2 votes:
Boo farking hoo.
2014-01-22 09:54:19 PM
2 votes:
It couldn't have happened to a better person.
2014-01-23 01:47:21 PM
1 votes:

chrisco123: Money can be re-earned end things can be replaced.



It's a good thing people have infinite lifespans to do so, and don't get old or sick or anything.
2014-01-23 01:19:02 PM
1 votes:

Jurodan: I worry that this is building towards a review for compassionate release. I hope not. I hope he dies in prison, alone and unloved. He deserves no less for the lives he ruined with his thievery.

/He deserves quite a bit more actually


Came to say this.  Sorry you have cancer, but you lived the good part of your life on the backs of the people you farked. Lights out in 10.
2014-01-23 01:03:25 PM
1 votes:
To paraphrase a classic quote:  "I've never wished a man dead, but I will read his obituary with great pleasure."

/fark him
2014-01-23 10:28:34 AM
1 votes:
Not a tear is shed, and nothing of value is lost.
2014-01-23 08:44:23 AM
1 votes:

rewind2846: linda7900: They felt lucky to be able to invest with Madoff, as it was so hard to buy in, but it was delivering good, consistent returns. They were sold an incredible line of BS from a master, and the exclusivity and perceived pedigree and safety of the investment is what kept the facade going. I'm sorry I can't get you more details, it's been a few years.

I wish you could find it too, because I have a difficult time believing that these investors could think that such "good consistent returns" would have been possible over such a long time with the volatility that's been happening in the markets and the economy over the past 20+ years. It's like having a glass of wine filled to the rim on a table on a rolling ship in a hurricane that never spills a single drop. The physics don't add up.

/maybe it's because I naturally trust no one
//especially with my money
///NO ONE


Madoff made sure all the all the documents for his investors showed low returns. It was kept low enough that people would just think he was just working his magic to be able to keep making such money, and the consistency is what really enticed everyone. Since that was really what seemed so incredible, it wasn't people making some huge fortunes by investing with him, it was that he was making it look like his investors were making "consistent" returns. He also made it fairly difficult to ever invest with him, which helped with the whole facade that he was just so incredible because of his grand financial skills that he didn't really have time to just be taking anyone's money.

He would really just deal with people that were referred to him by a guy that knew a guy so it seemed like this really exclusive thing that people wanted to get in on, similar to how Facebook initially did the nonsense about only letting certain college kids sign up for their site, and then gradually let more and more people on by playing on that initial sense of exclusivity from using their site.
2014-01-23 08:25:15 AM
1 votes:
Great headline subby.
Yeah, fark Bernie Madoff.
2014-01-23 07:25:14 AM
1 votes:

viscountalpha: I believe bernie madoff became the fall guy or was pointed to as the mastermind. But I still think he pissed off his cronies and someone fed him to the wolves.


/Conspiracy theorists to the end.


Ponzi schemes always collapse, eventually.  Kind of like the "housing bubble" a few years back.  One of the signatures of a scam and indicators of a Ponzi scheme is the phrase "too big to fail".  2008 was the first time I ever heard that term used by "legitimate" financial people.
2014-01-23 07:22:35 AM
1 votes:

TV's Vinnie: A lot of people rage at Bernie Madoff, but let's remember the facts here; he ripped off only rich people who wanted to get even richer and not have to pay any taxes.

IMO, the greedy selfish suckers got what they deserved.


You have no idea what happened.
2014-01-23 01:38:17 AM
1 votes:

Another Government Employee: For the audacity and nerve Madoff has, there is still one thing that bugs me.  The only reason he does hard time is he scammed the 1%.  All those other bozos who scam us laugh from their yachts.


He didn't just scam the 1%.  He scammed the 10%.  Also, protest WallStreet should have been more about protesting the .01% or so.

MattyFridays: 65 billion dollar fraud, 4,800 investors, and half of them didn't lose money, disregarding the fictitious profits.

You are confusing Madoff with things like Enron, where that actually was middle class victims. You don't get to invest with someone like Madoff unless you have a shiat ton of money to begin with.



$65B only on paper, $18B lost.  He had at least 13.5k accounts, and that number isn't listing 3 firms worth of individual investers.  Many were perhaps 'Well heeled', but there were an awful lot of individuals that put their life savings into his scheme.  Remember that advice today is that for a 'middle class' retirement today you 'need' around a million in the bank(provides roughly $50k/year inflation adjusted) for a comfortable retirement.

If you 'only' have a few hundred thousand, wouldn't you go for a 'safe' investment?  As others noted, Bernie was noted for good consistent returns, not insanely high ones.

Then you get into that some of the accounts were for pension funds, trade union retirement accounts, etc...

rewind2846: Didn't anyone ever ask why that was, or were their eyes clouded with so much greed that they simply couldn't see that he was screwing them royally? And did that greed make them at least partially culpable in this whole mess?

The axiom "If something looks too good to be true, it probably is" comes foremost to my mind. Didn't it pop up in anyone else's?



It did; those people didn't invest in him.  He was subject to some investigations over it long before the mess finally popped.  However, most ponzi frauds of this nature show returns above 20%, his only averaged 10%.  During the worst of the downturn he only presented profits of under 5% - when markets were losing 30%.  You have to remember that even during the worst of the downturn there were still climbing companies, funds, so it was really easy to simply think that Madoff was very, very good at his job(or incredibly lucky).

rewind2846: This is exactly the type of thing I asked about. There were many many other people they could have invested with. Why Madoff? Was it his line of bullsh*t? Was it the returns he was supposedly getting for others? Didn't these people compare his stated returns to other investment people before they decided to give him their money?
No one deserves what happened to them because of Madoff... but I am curious as to how it did happen from the investors perspective. Why did they do it?



Read the wikis.  It's called an 'Affinity scam', he sold a line via a golden tongue 'Hey, I'm Jewish, You're Jewish, we have to stick together, you can trust me'.
2014-01-23 12:58:39 AM
1 votes:
Dude deserves stage 5 cancer
2014-01-23 12:50:02 AM
1 votes:

That Guy Jeff: all he took was possessions


"Do you understand what I'm saying?"shouted Moist. "You can't just go around killing people!"

"Why Not? You Do." The golem lowered his arm.

"What?" snapped Moist. "I do not! Who told you that?"

"I Worked It Out. You Have Killed Two Point Three Three Eight People," said the golem calmly.

"I have never laid a finger on anyone in my life, Mr Pump. I may be--all the things you know I am, but I am not a killer! I have never so much as drawn a sword!"

"No, You Have Not. But You Have Stolen, Embezzled, Defrauded And Swindled Without Discrimination, Mr Lipvig. You Have Ruined Businesses And Destroyed Jobs. When Banks Fail, It Is Seldom Bankers Who Starve. Your Actions Have Taken Money From Those Who Had Little Enough To Begin With. In A Myriad Small Ways You Have Hastened The Deaths Of Many. You Do Not Know Them. You Did Not See Them Bleed. But You Snatched Bread From Their Mouths And Tore Clothes From Their Backs. For Sport, Mr Lipvig. For Sport. For The Joy Of The Game."
2014-01-23 12:23:10 AM
1 votes:

linda7900: Keep in mind- he had been doing this for *40 years*, and had been well-vetted. In the crowd he was in, he had like Warren Buffet Credibility... if you got offered a chance to invest with Buffet tomorrow, how much more vetting would you need to do? He came with a pedigree and a LONG successful history. I'm just making the point that he was so good at his lie that you could not find a weakness until it all came down, he had such incredible books, statements, records, and infallibility supporting him. Granted, some people did not do their homework and were lemmings as some have said. However others did their homework and were given incredibly convincing falsified documents.



Yeah this was the financial sector equivalent of finding out your favorite Presidential candidate is a kiddy diddler. It was almost inconceivable to those in the business.
2014-01-22 11:32:07 PM
1 votes:

Richard C Stanford: Just stick him in general pop. Rapey rapey time for Bernie...
/See, this is why I believe in Hell. So I know that Bernie's gonna have his genitals seared in molten gold forever and ever and ever.
Good riddance.


You are a moron.  Wanna know why?  Never mind the fact you're advocating sexual assault (which really pisses me off about people like you) but a lot of the other prisoners LOOK UP TO HIM LIKE A FARKING ROCK STAR.
2014-01-22 11:11:59 PM
1 votes:

MattyFridays: Here's some of my citations:http://en.wikipedia.org/wiki/List_of_investors_in_Bernard_L. _Madoff_ Se curities



You may have noticed that many of those were banks, funds, and investor groups? That would be the blue-collar folks he screwed. Those organizations money is invested on behalf of thousands and even millions of middle class types.
2014-01-22 11:09:42 PM
1 votes:
MattyFridays:

65 billion dollar fraud, 4,800 investors, and half of them didn't lose money, disregarding the fictitious profits.

You are confusing Madoff with things like Enron, where that actually was middle class victims.  You don't get to invest with someone like Madoff unless you have a shiat ton of money to begin with.


True to a point- but in this case people pooled their money to be able to invest in Madoff.  It was kind of like getting a bunch of friends together to buy a share of Berkshire Hathaway.
I personally know two victims, neither of whom I would ever have described as anything above middle-class. Madoff COMPLETELY fleeced them, and was an amazing scam artist. The fund the bought into was delivering high-single-digit returns, which was well below some of the outrageous returns other investments were delivering at the time.
Here is one of my friends who is a professional speaker:
http://www.ted.com/talks/matt_weinstein_what_bernie_madoff_couldn_t_ st eal_from_me.html
2014-01-22 11:01:18 PM
1 votes:

Laobaojun: Bernie Madoff's illness cannot be slow enough or painful enough to balance the books for his crimes.

Flay him a millimeter at a time over ten years, washing him in alcohol every hour on the hour and you'd have a good start.  Use him for the stuff that Mengele and Unit 731 thought was over the top and I'll consider that he might have suffered enough.  The damage that sociopath caused went way beyond the financial sector.

He should suffer until the entire financial sector flinches when they hear his name.


1) You must be fun at parties.

2) Citation needed

3) Good job mentioning Mengele, given that one of the most notorious of his scam victims was an Auschwitz survivor.
2014-01-22 10:54:11 PM
1 votes:
There is no violin in the entire pre-big-bang Universe small enough to play for Bernie.
2014-01-22 10:52:42 PM
1 votes:

rewind2846: As much an asshole as Madoff is (and probably his kids too), I have yet to get the answer to one question: I have watched interviews with some of the people who invested their money with him, and the one thing I did not see was a recognition that the "returns" they were supposedly getting from Madoff were well above the average for investments of that type and at that time. Totally off the charts. Mad stupid money. Big ducats. Crazy dollars.

Didn't anyone ever ask why that was, or were their eyes clouded with so much greed that they simply couldn't see that he was screwing them royally? And did that greed make them at least partially culpable in this whole mess?

The axiom "If something looks too good to be true, it probably is" comes foremost to my mind. Didn't it pop up in anyone else's?

/yeah, no sympathy here either


Exactly the reason why I have no sympathy.  It was the rich trying to get richer without asking any questions. But that's the whole idea of the scam: he gets your confidence.  Madoff is unbelievably charismatic.
2014-01-22 10:52:03 PM
1 votes:
theelephantgun.files.wordpress.com
2014-01-22 10:50:23 PM
1 votes:
As much an asshole as Madoff is (and probably his kids too), I have yet to get the answer to one question: I have watched interviews with some of the people who invested their money with him, and the one thing I did not see was a recognition that the "returns" they were supposedly getting from Madoff were well above the average for investments of that type and at that time. Totally off the charts. Mad stupid money. Big ducats. Crazy dollars.

Didn't anyone ever ask why that was, or were their eyes clouded with so much greed that they simply couldn't see that he was screwing them royally? And did that greed make them at least partially culpable in this whole mess?

The axiom "If something looks too good to be true, it probably is" comes foremost to my mind. Didn't it pop up in anyone else's?

/yeah, no sympathy here either
2014-01-22 10:44:52 PM
1 votes:
Normally I would have some sympathy, but not for this asshat.    After what Madoff pulled he deserves it.
2014-01-22 10:33:45 PM
1 votes:
I worry that this is building towards a review for compassionate release. I hope not. I hope he dies in prison, alone and unloved. He deserves no less for the lives he ruined with his thievery.

/He deserves quite a bit more actually
2014-01-22 10:31:19 PM
1 votes:
A lot of people rage at Bernie Madoff, but let's remember the facts here; he ripped off only rich people who wanted to get even richer and not have to pay any taxes.

IMO, the greedy selfish suckers got what they deserved.
2014-01-22 10:29:21 PM
1 votes:

namegoeshere: Boojum2k: aurorous: His only mistake was he scammed rich people. If he had simply stolen from the middle class and poor like the rest of Wall St. he'd be a free man today.

I guarantee he damaged far more poor people's lives than the rich he scammed.

Here locally, there was a plumbers' and pipe fitters' union that he farked - the opposite of the Silver Spoon crowd. People who worked hard all of their lives and scrimped and saved to be able to retire and spend their senior years in a bit of comfort lost everything they had worked for. F*ck this guy.

Use him as a test subject for some radical new cancer treatment. That way maybe he can contribute to the human race before he kicks.

Only if it works, give him a new kind of cancer and keep trying shiat. Repeat as necessary.


Cut of your jib, newsletter, etc...
2014-01-22 10:27:21 PM
1 votes:
I woulda gone with the "spiffy" tag myself.
2014-01-22 10:16:01 PM
1 votes:

Another Government Employee: For the audacity and nerve Madoff has, there is still one thing that bugs me.  The only reason he does hard time is he scammed the 1%.  All those other bozos who scam us laugh from their yachts.


Jeffrey Skilling got 14 years.  But let's be real, Madoff isn't doing "Hard Time".  He's in a low-security federal prison.  It's not great, but let's not act like it's ADX Florence.
2014-01-22 10:14:03 PM
1 votes:

Boojum2k: aurorous: His only mistake was he scammed rich people. If he had simply stolen from the middle class and poor like the rest of Wall St. he'd be a free man today.

I guarantee he damaged far more poor people's lives than the rich he scammed.


This.

And to make matters worse, most of the folks who could afford it the least had little or no say in how their pensions were invested... those are run by "experts" who should have known better.
2014-01-22 10:08:39 PM
1 votes:
Karma is a biatch
2014-01-22 09:59:11 PM
1 votes:
What's that thing people say whenever someone gets shot while stealing... oh yes, "possessions aren't worth a human life". So we should all feel bad cause all he took was possessions, and this is a human life we are talking about, right?
2014-01-22 09:59:05 PM
1 votes:
Refusing treatment, eh? I hope it takes it's sweet time killing him.
2014-01-22 09:58:59 PM
1 votes:

aurorous: His only mistake was he scammed rich people. If he had simply stolen from the middle class and poor like the rest of Wall St. he'd be a free man today.


Plus he'd be praised as an "innovator".
2014-01-22 09:58:55 PM
1 votes:
I once said I wouldn't wish cancer on anyone. I still believe so, but Madoff tests that greatly.
2014-01-22 09:54:11 PM
1 votes:
ingat.info
2014-01-22 09:53:35 PM
1 votes:
Well, it isn't ass cancer.

But I'm sure prison cancer treatment isn't fun.
2014-01-22 09:51:40 PM
1 votes:
World's smallest violin -------> .
2014-01-22 09:51:17 PM
1 votes:
grumpycatgood.bmp

RaceDTruck: How could he have a heart attack when he doesn't have a heart?


Also, this.
 
Displayed 58 of 58 comments

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report