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“I think Biff and cobblehiller were talking about some place on Atlantic Ave.”
Floyd, I thought it might be good because it’s a pretty big place – and has some seating.
And I can walk there : P
If he has stashed cash offshore they’ll never get at it. If he did then why did he turn himself in and not just flee. He’s 70…there may not be all that much time left.
cobblehiller, except for some jewelry and a little cash, the money is gone. That is a Ponzi scheme. earlier investors make money while later investors get nothing. Think Social Security for instance.
DIBS, So will they ever find out where he’s stashed his cash? Is he going to get away with this and be found sitting in his beach house on some exotic island in 10 years?
Madoff’s back out on bail.
“Luckily I have more than one- I’m very forward thinking that way.”
bxgrl, You are a twisted individual, but I like you more and more lately!
BH76, I think you are way off the point DIBS, Biff and I were discussing. The issue isn’t investments in general. It’s that some people who should know better put all their eggs in Madoff’s basket. That’s not about being skeptical of the market, that is failing to do due diligence about a particualr investmetn (think buying a house without an inspection or a title search) and the failure to keep investments diversified, either of which would have spared someone the problems of having been defrauded by Madoff.
The “bitter renters” — not that I have ever seriously used the term — are the ones that ahve been skeptical of the value of owning a home. If you invested all your money with Madoff 5+ yers ago and let it ride, you’d have nothing. If you bought a brownstone 5+ years ago, you would have your home and probably some equity, even today, and maybe some rental income to boot. Apples and oranges, no?
BRG;
Very good! You’ve got even myself questioning my identity!!! “What” the heck is going on?!?!!?
I sure hope that “The What” shows up at the next party, so that I can prove that he and I are not the same person.
Bxgrl;
I’m really not against the idea of continuing to clean up and care for our environment (well, with the possible exception of moose-killing). My arguments against Al Gore and his crowd are two fold:
-they are “absolutists”. If you read alot of their material, it comes close to that of a doomsday preachers: “The End is Near”. Like those preachers, they argue that this issue is “uber-alles”,and any other consideration, be it economic, social or even religious, has no part to play.
-Like these doomsday preachers, they predict with certainty the “date”, be it the end of the world, ot the second coming of the messiah. That was my point above. Any one who tells you that they’ve run a statistical model and it points to a definitive conclusion is selling snake-oil, no matter how sophisticated the message or product (mortgage securities or the rise in the Earth’s temperature).
BH76: Good one!