Sunday, December 14, 2008

Only $380 million scammed?

And this rates a front page article in the Gray Lady? Baahhh. After Lehman and Madoff, we need to set the threshold higher.
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4 comments:

Arelcao Akleos said...

Remember the old days when Hitmen ruled the mafiated landscape? Get rid of the plague that was the Mafia and lo and behold the rats run wild. Hoisted by our own petard.
Time to flush the bastards into the pen. Hey, if you steal 380$ millions, and Johnny Redneck or Cornelius Cleaver Rahman get 15-20 years in Angola for stealing $300,00 from a bank, you should at the very least get to spend 15-20 years as bungmate to Johnny and Cornelius.

12/14/2008 11:21 AM
My Frontier Thesis said...

This kind of pocket change made the NYT?

12/14/2008 11:35 AM
Tecumseh said...

Ah, AA, but Johnny and Cornelius don't know how to play the game:

Any suspicions about Madoff may have been dampened because of his association with industry groups, watchdogs and politicians.

He sat on a committee of academics, regulators and executives formed in 2000 by former SEC Chairman Arthur Levitt to advise the agency on new stock-market rules in response to the growth of electronic trading. Madoff has led the trading committee at the Securities Industry Association, Wall Street’s biggest trade group, and served as chairman of the Nasdaq Stock Market.

Since 2000, he has given at least $100,000 to the Democratic Senatorial Campaign Committee and more than $23,000 to the party’s candidates, including Senator Charles Schumer of New York and Senator Frank Lautenberg of New Jersey, who leads a charitable foundation that invested with Madoff.

12/14/2008 3:46 PM
Arelcao Akleos said...

Ah, Grand Crookery always knows what pot to grease.

12/14/2008 4:13 PM

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