RE: Madoff, no plea deal, up to 150 years sentencing (Full Version)

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UncleNasty -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 8:23:09 AM)

Yeah pahunk, you're right. But consider this. Of what practical use is silver? One can at least wipe an ass with Federal Reserve Notes. ROFLMAO


Uncle Nasty



Vendaval -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 8:24:57 AM)

At least silver can be melted down and made into other objects.



ienigma777 -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 8:29:14 AM)

Just to butt in here..... to avoid further investigationsand procecutions...He could just come up dead...like Kenny Lay of ERON did...
ya think.



kdsub -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 8:34:43 AM)

I don't quite understand the process... or it has not been explained..but where is the money?

Will those who received huge payoffs at the beginning of the pyramid be required to return money for those at the end?... Just wondering.

Butch



pahunkboy -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 8:35:08 AM)

quote:

ORIGINAL: ienigma777

Just to butt in here..... to avoid further investigationsand procecutions...He could just come up dead...like Kenny Lay of ERON did...
ya think.


Precisely.  They have something cooked up.  For all we know at his sentencing in 2 months- the judge could say "time served".    or his health could be so bad to be in jail.  or they will build a penthouse jail just for him.  maybe an ankle bracelet and him to live at his apartment.  

The thing I am certain of- he is not going to prison for his whole life.  And he will get a lighter punishment then you or I would.



slvemike4u -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 9:00:35 AM)

Care to make that $10 dollar bet ....more substantial.By the way I will accept silver if your a little light in cash.



MarsBonfire -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 4:13:08 PM)

Typically stupid coverage at FOX: "Madoff, now aged 78 (or whatever he actually is, I wasn't really paying attention at that point) has received a sentance of 150 years. This will almost certainly amount to a life sentence for him..."

I just had to laugh. Bitch, 150 years would be a life sentence for a newborn! Secondly, where the hell are you getting that "almost certainly" from? Christ, what a bunch of retards they are over there...



slvemike4u -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 4:24:21 PM)

Well the "almost certainly" is the wiggle room left for compassionate parole,early release...pardon and so forth.....not actually speculation that he might outlive his sentence....LOL



pahunkboy -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 4:26:14 PM)

quote:

ORIGINAL: slvemike4u

Care to make that $10 dollar bet ....more substantial.By the way I will accept silver if your a little light in cash.


You have my attention.  We need a clear way to measure who ends up to be correct.  A 3rd neutral person to hold the money/silver. (to then disperse it to the winner)



slvemike4u -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 4:35:56 PM)

PA there has been enough dispersing of money lately....I prefer if the money/silver is simply dispensed to me



pahunkboy -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 4:48:16 PM)

quote:

ORIGINAL: slvemike4u

PA there has been enough dispersing of money lately....I prefer if the money/silver is simply dispensed to me


An actual bet- would mean that a 3rd party who is nuetral holds the bet money.



Vendaval -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 4:58:58 PM)

Fast Reply -
 
The latest estimate put the Net worth of Madoff and his wife high enough for all of you to cash in on those bets with plenty of change left over.

"Madoff to appeal bail, net worth revealed"

By Grant McCool and Edith Honan
Fri Mar 13, 2009 6:57pm EDT

NEW YORK (Reuters) - Lawyers for jailed swindler Bernard Madoff argued for his release pending sentencing and a list of assets put he and his wife's net worth between $823 million and $826 million, according to court papers filed on Friday.

http://www.reuters.com/article/domesticNews/idUSTRE52C57L20090313



kittinSol -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 6:14:05 PM)

quote:

ORIGINAL: pahunkboy

You have my attention.  We need a clear way to measure who ends up to be correct.  A 3rd neutral person to hold the money/silver. (to then disperse it to the winner)



I'll do it. I'm neutral.



ThatDamnedPanda -> RE: Madoff, no plea deal, up to 150 years sentencing (3/13/2009 6:44:33 PM)

quote:

ORIGINAL: kittinSol

quote:

ORIGINAL: pahunkboy

You have my attention.  We need a clear way to measure who ends up to be correct.  A 3rd neutral person to hold the money/silver. (to then disperse it to the winner)



I'll do it. I'm neutral.


Your wit seems a little acerbic from time to time.... not that there's anything wrong with that, of course.



pahunkboy -> RE: Madoff, no plea deal, up to 150 years sentencing (3/14/2009 5:34:49 AM)

quote:

ORIGINAL: kittinSol

quote:

ORIGINAL: pahunkboy

You have my attention.  We need a clear way to measure who ends up to be correct.  A 3rd neutral person to hold the money/silver. (to then disperse it to the winner)



I'll do it. I'm neutral.


Kit is trustworthy.  



LadyEllen -> RE: Madoff, no plea deal, up to 150 years sentencing (3/14/2009 6:16:24 AM)

I truly doubt we shall ever get to the bottom of this one for the reason that doing so would turn up enormous quantities of evidence of negligence and omission on the parts of banks, hedge funds and other investment firms who piled money into Madof's schemes - their own or others' money, with a total absence of any due diligence, as well as the same evidence in relation to regulators appointed and managed by government.

For such to be demonstrably shown would not only be severely embarassing for such but it should also open them up to numerous claims for compensation for their errors from their investors in turn. The embarassment to those considered in our socio-economic system to be as gods would be reason enough for further investigation to be avoided, but the prospect of these gods then facing lawsuits and having to settle multiple claims amounting to billions would seal any deal. In addition of course there is also the small chance that such investigation might implicate banks, hedge funds and other investment firms, not in Madof's crimes themselves, but in other crimes relating to their conduct, adding to the civil liability possible criminal liability too.

In relation to comments about individual investors being stupid to invest in Madof's scheme, its also important to remember that the majority of these had no idea where their money was; they had entrusted it to banks, hedge funds and other investment firms who then put it into Madof. They should not be regarded as foolish - it could have happened to anyone unfortunate enough to have picked the wrong horse, not knowing who the jockey would be.

As for Madof himself, that the US has not as I understand it signed up the UN charter on human rights and in recent constitutional history has made important distinctions between various forms of treatment which do or do not violate "cruel and unusual punishment" is interesting; research into Alzheimer's could no doubt be advanced significantly were a human subject be available to replace the rats and mice used presently, and this would also satisfy the calls for this particular brand of vermin to live out his life in hell, so everyone wins.

E



ThatDamnedPanda -> RE: Madoff, no plea deal, up to 150 years sentencing (3/14/2009 7:04:13 AM)

quote:

ORIGINAL: ThatDamnedPanda

quote:

ORIGINAL: kittinSol

quote:

ORIGINAL: pahunkboy

You have my attention.  We need a clear way to measure who ends up to be correct.  A 3rd neutral person to hold the money/silver. (to then disperse it to the winner)



I'll do it. I'm neutral.


Your wit seems a little acerbic from time to time.... not that there's anything wrong with that, of course.



It was, you know... a chemistry joke....



slvemike4u -> RE: Madoff, no plea deal, up to 150 years sentencing (3/14/2009 9:56:16 AM)

quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: kittinSol

quote:

ORIGINAL: pahunkboy

You have my attention.  We need a clear way to measure who ends up to be correct.  A 3rd neutral person to hold the money/silver. (to then disperse it to the winner)



I'll do it. I'm neutral.


Kit is trustworthy.  

The Kittin is okay with me....work out the details and you have a wager PA



CreativeDominant -> RE: Madoff, no plea deal, up to 150 years sentencing (3/14/2009 10:27:37 AM)

quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: CreativeDominant

Bush may be a social conservative but he is certainly no fiscal conservative.  He grew the government more than any president...something that the liberals/progressives should like...than any other president in history.  As for Rush, yes he is a social and fiscal conservative but he is certainly no right winger.  Those who view Bush and Rush as right wingers rather than as conservatives probably also fail to recognize the differences on their own side between the radical left and those who come down as just left of center.


It is all so confusing.

Maybe you could publish a handbook so we can all learn how to label ourselves properly.
I ...or you could realize that your views would be a lot more balanced if you read something besides liberal...excuse me, progressive...sources once in awhile and then you'd have no need of a handbook; you'd be able to recognize the difference between someone like Clinton and Angela Davis or between someone like Bush and Michael Savage.



SpinnerofTales -> RE: Madoff, no plea deal, up to 150 years sentencing (3/14/2009 11:40:48 AM)

quote:

I don't quite understand the process... or it has not been explained..but where is the money?
quote:

ORIGINAL: kdsub


From what I understand, kd, The way it worked was this. Madoff took in 65  billion dollars during the course of his ponzi scheme. A goodly amount of this was used to provide payouts to his investors to make it appear that there was actual investments being made. Meanwhile, Madoff dipped into the money and took some for himself. Even if he took only 10% as his "fee", that's 6.5 billion to be found instead of 65 billion.

The best guesses I've heard from experts figure that the money is probably in Monaco. Monaco is one of only three countries who by their laws, absolutely will not cooperate in aiding the US to track down ill gotten gains. The other two have a GDP that is smaller than the amount Madoff probably deposited. Monaco, on the other hand, has enough deposits on it's balance sheets to absorb a couple of billion here and there without sounding alarm bells.

So...if I had to guess..I'd say there was a few billion sitting in Monaco for whoever Bernie gives it to.




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