Comments on: Tough questions after Madoff http://blogs.reuters.com/commentaries/2009/06/29/tough-questions-after-madoff/ Now raising intellectual capital Sun, 08 Nov 2015 08:31:30 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Frank Velasco http://blogs.reuters.com/commentaries/2009/06/29/tough-questions-after-madoff/comment-page-1/#comment-252 Tue, 30 Jun 2009 22:41:10 +0000 http://blogs.reuters.com/commentaries/?p=560#comment-252 We Americans are so gullible especially with regards to the profit motive. Those who invested with Bernie Madoff are supposedly learned if not academically superior. How can anyone with over $50K not study about the basic rule of banking. That for every deposit, there is a lending side. If deposit interest rates are doing less than 4% how much more can lending rates be. If the operation is not a pawnshop business, how can people think of rates as high as what Madoff was offering. People(investors) are blinded by their own greed and then “cry” foul after the fact. The bottom line is trust your basic instincts not people who profess to be “masters of business”. Look at what happened to Wall Street.

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By: f belz http://blogs.reuters.com/commentaries/2009/06/29/tough-questions-after-madoff/comment-page-1/#comment-251 Tue, 30 Jun 2009 22:18:34 +0000 http://blogs.reuters.com/commentaries/?p=560#comment-251 The people who precipitated the corruption are still driving the wagon. We do need a Constitutional Convention with duly elected representatives from every city and county, or borrough, to make the necessary changes to overhaul the government. These talking heads and governors only know what they have been told and many are still living on government money. The government and our representatives do not really know the sentiment of the country, nor can they point to all their successes. We need change from the grass roots to reinvent a government that works for the people rather then the people working for the government. What we have here is a Serf and Lord system where the people with money from the United States and abroad are trying to control the country. I say enough. Let’s do something that works.

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By: The Real Deal http://blogs.reuters.com/commentaries/2009/06/29/tough-questions-after-madoff/comment-page-1/#comment-249 Tue, 30 Jun 2009 19:20:39 +0000 http://blogs.reuters.com/commentaries/?p=560#comment-249 Yes, Madoff got hit big time, but half the reason for the big hit is to divert attention from the mafia criminal class that ran things as a syndicate. This Syndicate included Wall Street investment banks, the Fed, the financial regulators, the rating con shops, Congressional financial leadership, past Treasury, directed by pea-brain godfather, the Great Fundamentalist Idiot, one GWB. Together, they Ponzied out the economy and just about bankrupted the country. But they and their CEO pals were rewarded most handsomely.

In short, there existed a massive systemic corruption between government and the financial industry. A true fascism of the Mussolini genre. So massive that, even with a new administration, not a single charge was laid to anybody in the above criminal class. The cancer is still very much in place, ready to strike again.

The only way to save the USA is to apply radical chemo and radiation treatment. Don’t hold your breadth. The time is still not right. That time will come when in a few years time. You’ll know it when it comes – when a loaf of bread costs $25.

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By: Frank Lipsky http://blogs.reuters.com/commentaries/2009/06/29/tough-questions-after-madoff/comment-page-1/#comment-238 Tue, 30 Jun 2009 07:54:26 +0000 http://blogs.reuters.com/commentaries/?p=560#comment-238 A recent writer proposed investigators allow hedge fund traders and managers to be part of the investigation of the meltdown-thats akin to asking bank robbers to be part of the police The problem is the answer to what happened is known.Free unfettered capitalism failed !
Why !due to greed , incompetence(BUSH Phil Gramm ) and corruption caused by overfunded lobbies (Chris Dodd Barney Frank,Tom Delay Jack Abramhoff) .It will get worse unless there are some executions!

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By: Mark http://blogs.reuters.com/commentaries/2009/06/29/tough-questions-after-madoff/comment-page-1/#comment-224 Mon, 29 Jun 2009 19:34:49 +0000 http://blogs.reuters.com/commentaries/?p=560#comment-224 From what I understand the findings of a Congressional commision to investigate the financial crisis may not be available to President Obama until the end of next year. While I understand that in order to do a thorough job investigations of such magnitude take time. The article speaks of the need for a “candid asessment” and cites exclusion of former congressmen, Governers or members from Washington think tanks as a means to acheive such a perspective. In taking to this interesting idea then one might also be led to wonder if findings are in fact delayed until after the next Congressional election whether many voters may have sufficient information needed in order to make well informed decisions with regard to their candidates of choice.

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By: daniel http://blogs.reuters.com/commentaries/2009/06/29/tough-questions-after-madoff/comment-page-1/#comment-223 Mon, 29 Jun 2009 18:37:30 +0000 http://blogs.reuters.com/commentaries/?p=560#comment-223 cause of the financial crises- how about market rate manipulation by the federal reseve?

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