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Madoff Transferred To a Medical Facility Within Prison... Hmmm...
The man who brought the Ponzi back in 2009, Bernard Madoff, has been transferred to a medical facility within his new North Carolina home, according to CNNMoney.com and the Federal Bureau of Prisons.
Though, mums the word on what is wrong, he is 71 years young and living in an environment he, nor anyone else sane, should be accustomed to. You gotta admit- it cannot be easy; I'm sure it's complicated at best.
The kind of complicated the SEC felt when they tried figuring out what the hell was wrong with Madoff's books.
He's reportedly been at the medical center since his transfer on Dec. 18.
Tis the Season, but does anyone really care?
Don't answer that.
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This raises the obvious point: don't invest your money with someone so old that prison isn't a deterrent.
+1 I love that comment.
You gotta watch out for young people too. They will sit around and reminisce about if they had killed so and so they would have been out by now.
I thought we were all in a madoff medical prison
Much of the work on this site gets to the ROOT of evil.
In reality, where none of Wall St resides, if you want to get to the ROOT of Ponzi the whole street would be in prison.
If anyone posting here is concerned about being consistent with the theme, Madoff would be mentioned as a fallen comrade.
He waved the fuck you flag in the face of every Über-greedy mother fucker out there. 21% guaranteed returns? Most investors thought that Madoff was front running. How else could the Chairman of the NASDAQ be able to return 21% guaranteed returns?
Hummmm. Let me see. I want to invest my money in an illegal Wall St front running scam. Front running, yea that sounds good! "Everything is going to be just fine hunny, and by June we will be able to buy that condo in Boca Del Vista".
When did you, dear reader, get to the point of understand the concept of caveat emptor? And I mean REALLY understanding the concept. Complicit much?
No really, CON-fucking-PLICIT MUCH?
"An individual is complicit in a crime if he is aware of its occurrence, has the ability to report the crime, but fails to do so. ..."
Greed is the sire of greed, no?
that was the point of the sarcasm. The whole thing is a ponzi scheme and the longer we let it go on, the more we build our own debtors prison. There is however a difference between caveat emptor and an ellaborate, government backed, corrupt and controlled system.
Ok sorry DJ. Sometimes I need a neon sign. I lived in Vegas for too long.
"Build our own debtor's prison" is right. Gaoled and confined within the countries' borders, or more properly, within our own breasts. Even the golden children living large off the guaranteed crumbs from the incinerated unlucky dispossessed, lose that "all is right with the world" feeling. Reveling under a guillotine blade.
So we walk, froward convicts on a long green mile to the furnace.
Selling souls down Jacob's ladder is so intensely satisfying. Until you realize the auctioneer of human flesh is the greatest slave of all.
+1
I think we should hire him to run the SEC,,, can't do any worse...When a casino gets tipped over they hire the con..
The first chairman of the SEC was Joe Kennedy.
Do they do facial reconstructive surgery at this medical facility? Don't be surprised if we soon hear that Madoff "died" if you catch my drift.
Is he in anyone's Dead Pool?
He will join Ken Lay in golf heaven..hmm
According to statements from other inmates, he has no remorse and a big f**k you to my victims..
Was this a shower-related incident?
Yeah, I hope he dropped the soap at the wrong moment....
"I respectfully request that you stop calling me Nancy!" On a long enough timeline everyone drops the soap. Unless you don't use soap.
Oh, this is serious. He has a collapsed lung after falling out of his bunk?
http://abclocal.go.com/wtvd/story?section=news/local&id=7187293
He's just in need of some sunlight. He will find that when he pops up in Paraguay along with Ken Lay and Elvis. The medical condition is just minor plastic surgery.
LOL
The medical condition is just minor plastic surgery.
I dunno. That nose will take a while...
Michael Jackson going to be there too? Maybe Joan Rivers should host it live.
Well, even before hit hit those padded prision walls in North Carolina, it was rumored that Bernie had a cancer of some sort. It wouldn't surprise me that NC had one less inmate by this time next year.
Advanced prostate cancer supposedly...
LOL!
That is so fitting, the man who fucked so many others in the cornhole now has problems with his own.
HAHAHAHA....HAPPY COOLIE DAY BERNIE..
Even Peter Schiff has a relative in prison - somebody got wind who the old guy that didn't like the house macarroni and cheese was.
Call Martha Stewart, I hear she has some good seasonings to cook with...
Some kind of cancer. The kids dropped the dime so the taxpayers would foot the bill. he's done.
+1 Slack
Some kind of fast acting cancer that seems to afflict Russian-Israeli mobsters in connection with the CIA and Mossad. Don't worry, Ruth and the kids are taken care of with nice accounts in Israel.
OR
I also like the earlier post of dying in prison as a plan to get him out of the country. I can't wait for the I saw Bernie sightings! (He was at a table with Elvis, they both were having schmaltz herring!)
“ZIRP [zero interest rate policy] is crack cocaine for financial markets,” declares one fund manager at Goldman Sachs.
"..equities continue to rise in the US although virtually all the recent growth in profits comes from one sector – finance. Indeed, quarter over quarter, at the end of the third quarter, financial sector profits were up 36 per cent, while those of non financial firms rose only 2 per cent, (and most of the profits in the financial sector came from the banks)."
http://www.ft.com/cms/s/0/25da3d54-efd5-11de-833d-00144feab49a.html
OH MY GOD, are "we" this stupid??? How about Madoff "dies" and is carried out in a pine-box (with air-holes) and is "Buried". Only later to turn up in some un-named country alive and well... tanned and refreshed...
We are lied to at every turn - why believe this???
Books
Why believe anything? I suggest you sit in a dark room and read blogs about conspiracy theories, that might do something.
Hey everyone - come look!! We have a believer!! The Zerohedge Bar is the wrong place for you to saddle yourself up and try to order a littlegirl drink of "Sheepel Tea".
I suggest if you want "Sheepel Tea" go to the GoldmanSach Bar they love believers - you need directions? Try MSM.
Books
No mention from ZeroHedge on the obvious insider trading in Chattem? SEC did their job, although they were Europeans. So maybe reason no mention.
http://finance.yahoo.com/news/Two-charged-with-insider-rb-1300706324.htm...
He's taking the Ken Lay Option.
Definitely: Madoff and Lay will be drinking mai tais together in the Caymans in about . . . Say . . . Three weeks.
Paraguay will have a new resident in a few months
se habla ingles? no?
¿Estaría usted interesado en una oportunidad de inversión?
"Dos margaritas, y dos senoritas, por favor. Dile a Senor Bush que estoy aqui ya y que quiero adorar a Satanas tambien. !Gracias!"
What does Madoff's prison in NC and Subway have in common?
Both give you the option to select 6' or 12' inches.
Ba-Dum-ba!!!!
I don't doubt the notion he/they would fake his death and move him along somewhere else.
But what's the motive for someone to help him? Friendship? Not good enough...Friendship combined with his ability to rat on that political friend perhaps.
Can he still get to his money if he has any stashed anywhere? Why else would someone help him relocate?
As I said, he will never spend a day in real prison. Never. Most of his specuvestors got their money back courtesy of the US taxpayor and TARP. I lost money in stocks. Who can I sue? Nah special rules for special people.
All part of the scam. Taxpayer made good the losses and now Bernie will get a very, very early realease because of his 'terminal illness'. They won't even follow him to the warmer climate where he wired his loot from Switzerland after his accounts were ratted to the U.S. Government. Everyone wins except the taxpayer.
Madoff will get three square meals.........to help reshape his round mouth.
ba di dum......chi
bring in the stomach pumps! :-P
Heard a few specific sad stories about those that lost Madoff money, but yesterday had personal face put on it unfortunatey.
My elderly aunt has been trying to stay in her apartment, stay independent. She has a lifeline necklace, lives in a large building with people that check on her, has a good frient that sees her nearly every day but what really helped her out was the people from Sholom, this charity had a program that sent someone to look in on her and help twice a day. They went under because of Madoff. My relatives talked her late Sun nite, and then her friend was busy all day Monday, so no one checked on the, he went to her place on Tues when she did not answer phone, she spoke to them thru door but could not get up to open door, they got keys, cut the chain and found her on the floor, somewhat incoherent. They think she might have been down at least a day, she couldn't say why she had not pushed lifeline button. She had soiled herself. We are now making arrangement for assisted care for her..
But now when I think of Madoff, I think of my Aunt lying in her feces for a day, too out of it to even push a button, and I think of the great loving staff that previously waited on her, who no longer have a job. I think of the other older people that no longer get that precious help, and I think of all the kind people that donated hard-earned dollars to that charity who saw it wiped out for Madoff's indulgences...the rest of my thoughts are censored....
All they did was sew his bleeding hemorrhoids back into his rectum and explained to him how to relax.
another great analogous description of the system
To understand modern banking, think of a full-time philanderer with one mid-town apartment, four mistresses, and three keys. We can call this a 25% reserve requirement.
Three mistresses live in the suburbs. His favorite lives in mid-town. One key is for him; one is for the mid-town girl; and one is for the other three mistresses.
This key is kept on reserve at the desk downstairs. He assumes that the out-of-town girls will not all show up on the same day at the same time.
This plan works until a rumor gets out about the nature of the arrangement. Then all three out-of-town girls show up at the same time to make sure they have a key.
Past a certain point of leverage, in finance, advanced age is itself a moral hazard.
-u4yeah4
Oldie but goodie dept:
http://jontaplin.com/2009/01/13/was-bernie-madoff-a-mafia-front/