People need to stop blaming Madoff
- Thread starter railbird
- Start date
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
The two are not related.
Re: People need to stop blaming madoff.
The two are not related.
railbird
EOG Master
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
investing and gambling are not related? really? You need to think again. Your putting up money to make more money.
The people with a FALSE SENSE OF ENTITLEMENT DIDNT GET THEIR WAY
I kind of enjoy it.
Re: People need to stop blaming madoff.
investing and gambling are not related? really? You need to think again. Your putting up money to make more money.
The people with a FALSE SENSE OF ENTITLEMENT DIDNT GET THEIR WAY
I kind of enjoy it.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
What Madoff did is the equilivant of betting the wrong side of an obvious fixed game. Investing itself is a gamble, but when the playing field isn't level, this is what you have. Yes, greed was a big part of it by many parties.
We are scratching the surface on the Wall St scams too.
Re: People need to stop blaming madoff.
What Madoff did is the equilivant of betting the wrong side of an obvious fixed game. Investing itself is a gamble, but when the playing field isn't level, this is what you have. Yes, greed was a big part of it by many parties.
We are scratching the surface on the Wall St scams too.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
I feel for the people who invested that didn't know their money was tied to him because these hedge fund managers bought and sold their accounts 3-4 times. All those people were getting was a monthly statement.
Re: People need to stop blaming madoff.
I feel for the people who invested that didn't know their money was tied to him because these hedge fund managers bought and sold their accounts 3-4 times. All those people were getting was a monthly statement.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
People I don't feel sorry for is the house-flippers.
Re: People need to stop blaming madoff.
People I don't feel sorry for is the house-flippers.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
Funny how no one, and I mean no one, mentions the 1000's that he made a fuckload of money for in the past. Just the money he lost they speak of.
Re: People need to stop blaming madoff.
Funny how no one, and I mean no one, mentions the 1000's that he made a fuckload of money for in the past. Just the money he lost they speak of.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
True, but I don't think that many people change their 401's. They deposit the money, and it sits there.
Re: People need to stop blaming madoff.
True, but I don't think that many people change their 401's. They deposit the money, and it sits there.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
Tells me he isn't in the stock market. Makes you wonder about the creditability of networks such as CNBC, Fox Business, etc. someone had to know something.
Re: People need to stop blaming madoff.
Tells me he isn't in the stock market. Makes you wonder about the creditability of networks such as CNBC, Fox Business, etc. someone had to know something.
Enfuego
EOG Dedicated
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
There's an absolute difference between gambling your money and losing and investing your money and having it stolen to pay for houses all over and millions of dollars in your bank account.
Just a silly thread.
Re: People need to stop blaming madoff.
There's an absolute difference between gambling your money and losing and investing your money and having it stolen to pay for houses all over and millions of dollars in your bank account.
Just a silly thread.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
True. Would love to see where all the money is hidden at. Even if they got all of his property, it is a soft market to sell it. Michael Vick's house couldn't get the minimum bid of $3.5 mil the other day.
Re: People need to stop blaming madoff.
True. Would love to see where all the money is hidden at. Even if they got all of his property, it is a soft market to sell it. Michael Vick's house couldn't get the minimum bid of $3.5 mil the other day.
railbird
EOG Master
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
I see what your saying.
But thats got to be part of the handicapping.
Re: People need to stop blaming madoff.
I see what your saying.
But thats got to be part of the handicapping.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
No its not. That what the government is for. Someone please wake them up.
Re: People need to stop blaming madoff.
No its not. That what the government is for. Someone please wake them up.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
I agree with this.
Re: People need to stop blaming madoff.
I agree with this.
railbird
EOG Master
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
Managers tout due diligence in avoiding Madoff
Posted: December 22, 2008, 12:01 AM ET
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It took a huge scandal ? Bernie Madoff's alleged Ponzi scheme ? to convince a slew of hedge funds of funds that they needed to be more open about their own investments.
An unprecedented number of hedge fund-of-funds managers announced triumphantly that their due diligence process had dissuaded them from investing with Bernard L. Madoff Securities LLC, New York, or in any of the so-called ?feeder funds? that offered access to Mr. Madoff's strategy.
Among fund-of-funds companies trumpeting their non-involvement in what may turn out to be the biggest-ever hedge fund fraud case include firms that cater to the world's ultra wealthy. These firms include Luxembourg's Banque Privee Edmond de Rothschild Europe; Swiss managers Partners Group Holding AG, Gottex Fund Management Holdings Ltd.; and Vienna-based Salus Alpha Group Services GmbH. Also dodging the bullet were New Zealand's Infiniti Solutions Ltd., and U.K.-based CMA Global Hedge PCC Ltd.; GAM, the hedge fund-of-funds subsidiary of Julius Baer AG; and Dexion Capital PLC.
Among U.S. fund of funds proclaiming innocence were Cadogan Management LLC, Berens Capital Management LLC, Hennessee Group LLC and Taylor Investment Advisors LP.
?I am not shocked that Madoff did blow up, but I am shocked that so many obviously unqualified naive fund of hedge fund managers ? who are obviously doing no due diligence nor do they understand hedge fund strategies ? do manage so much ... money and wonder why this happened to them,? said Oliver Prock, chief investment officer of Salus Alpha, in a statement. Most major U.S. institutionally oriented hedge funds of funds didn't have anything to say ? they had passed on Mr. Madoff's funds because he wouldn't provide enough transparency on the investment process. ? Christine Williamson
Re: People need to stop blaming madoff.
Managers tout due diligence in avoiding Madoff
Posted: December 22, 2008, 12:01 AM ET
<!--SET PUBLISH DATE-->Post a Comment
<SCRIPT language=JavaScript>gSiteLife.Recommend("ExternalResource", "Article312229963"); </SCRIPT>Recommend
It took a huge scandal ? Bernie Madoff's alleged Ponzi scheme ? to convince a slew of hedge funds of funds that they needed to be more open about their own investments.
An unprecedented number of hedge fund-of-funds managers announced triumphantly that their due diligence process had dissuaded them from investing with Bernard L. Madoff Securities LLC, New York, or in any of the so-called ?feeder funds? that offered access to Mr. Madoff's strategy.
Among fund-of-funds companies trumpeting their non-involvement in what may turn out to be the biggest-ever hedge fund fraud case include firms that cater to the world's ultra wealthy. These firms include Luxembourg's Banque Privee Edmond de Rothschild Europe; Swiss managers Partners Group Holding AG, Gottex Fund Management Holdings Ltd.; and Vienna-based Salus Alpha Group Services GmbH. Also dodging the bullet were New Zealand's Infiniti Solutions Ltd., and U.K.-based CMA Global Hedge PCC Ltd.; GAM, the hedge fund-of-funds subsidiary of Julius Baer AG; and Dexion Capital PLC.
Among U.S. fund of funds proclaiming innocence were Cadogan Management LLC, Berens Capital Management LLC, Hennessee Group LLC and Taylor Investment Advisors LP.
?I am not shocked that Madoff did blow up, but I am shocked that so many obviously unqualified naive fund of hedge fund managers ? who are obviously doing no due diligence nor do they understand hedge fund strategies ? do manage so much ... money and wonder why this happened to them,? said Oliver Prock, chief investment officer of Salus Alpha, in a statement. Most major U.S. institutionally oriented hedge funds of funds didn't have anything to say ? they had passed on Mr. Madoff's funds because he wouldn't provide enough transparency on the investment process. ? Christine Williamson
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
I would find it hard to believe some of our hard-working congress is not in on this too.
Re: People need to stop blaming madoff.
I would find it hard to believe some of our hard-working congress is not in on this too.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
They most likely were part of the rich base of the republican party who got their wealth thru inheritance but act like they are some self made man.
Re: People need to stop blaming madoff.
They most likely were part of the rich base of the republican party who got their wealth thru inheritance but act like they are some self made man.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
Like they say, it takes money to make money.
Re: People need to stop blaming madoff.
Like they say, it takes money to make money.
Re: People need to stop blaming madoff.
Re: People need to stop blaming madoff.
in most cases except if u are blessed with 4.3 speed or a photogenic memory.
Re: People need to stop blaming madoff.
in most cases except if u are blessed with 4.3 speed or a photogenic memory.
Viejo Dinosaur
EOG Master
You have always blamed the refs….
mrbowling300
EOG Dedicated
Just started watching this. 4 part series. Finished part 1, very good thus far.