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View Full Version : Wall street advisor $50 Billion Scam



subliminal1284
12-12-2008, 09:49 AM
http://news.yahoo.com/s/nm/us_madoff_arrest;_ylt=AkBPMkesIyqSSKOl8YYIPH8azJV4

They pull shit like this and we are bailing them out? :stare

GTSLOW
12-12-2008, 10:18 AM
Wholy fawk, I feel for the poor bastards that got caught up in it. :(

jbiscuit
12-12-2008, 10:24 AM
man, so much bullsh1t lately with investing and bankers and all this nonsense. WHat a crock.

Al
12-12-2008, 10:36 AM
...and some call for government deregulation.

Adam Brooks
12-12-2008, 06:17 PM
Nah, we know we need rules to play by we just don't like it when the rules suddenly get changed in the middle of the game to favor another team.

This guy is bad news. former director of the Nas as well which is alarming. His fund took down many many banks and institutions around the world bc of his losses. Ironically people knew he was up to something.... which is why they invested with him! Turns out he confessed to his sons what he was doing (they had to have also known) and they turned him in to the FBI. I can't imagine having to turn your own father into the feds

btw. if you guys has any idea how much crooked shit happens in nyc you'd start to cry. It happens thousands if not millions of times over literally every day. I see so much manipulation of stocks prices ever day its crazy. Nothing you can do about it except for switch up how you trade etc. this guys company is still a market maker on the nasdaq too...... who the f knows how order execution is being processed over there.

http://globaleconomicanalysis.blogspot.com/2008/12/madoff-madness-i-knew-he-was-cheating.html