Thread: A Very Sad, Sad Tale KKM

You have to take your hat off to this Mr. Madoff he was audacious to say the least and with many of his victims being probably very successful in picking other peoples pockets they too had thier pockets picked kind of like a modern day robin hood gone over to the darkside :shock:
Greed is good isnt it ! Well having lots of money is good surely even if you got it the easy way its still good isnt it !Somebody found a way of making vast amounts of money and took up that opportunity human nature isnt it ! The biggest problem for most affluent nations is the unlimited supply of other peoples money and now available at bargain basement prices even the governments are now borrowing big time with other peoples money ( public purse ) buying up all the worlds ponzi schemes then hoping to flog them off under the guise of a reputable government auction ( toxic assetts )so another scam but this scam is government run so it must be safe ! So where are we now :?
Are government bailouts legal :?:
I didnt pay my taxes to bail out the Mr. Madoff of this world but thats where my dollars are going NOW have i been the victim of a scam "yes" ! Isnt the capalist system supposed to crash the balloon to burst ! Why wont the world powers allow this to happen ? Maybe they are affraid that the balance of power may shift to the "east" !
Ponzi 's Scams are nothing new neither are recessions so whats the problem !
Leverage an 8 letter dirty word for "funny money" for the going ratio from 12 to 1 to 40 to 1 the new benchmark on wall street :shock: Well its been a hell of a party but like most parties somebody has to clean up the mess and with funny money times 40 the garbage trucks will be lineing the drive way for many years to come even when you think the mess has gone you only need look under the carpet :x

Hey they didnt hang tommy from a palm tree although i hear his bed is :mrgreen:
Look in life scams come our way every so often and the more rewarding they can be the more irresistible they become go ask the Nigerians

:mrgreen: :?:

At least one of Maddoffs largest investors was a fund ran for I believe (but could be wrong) the United Auto Workers Union. Whatever / whoever it was, many of the hedge funds invested with Maddoff were managing billions in peoples 401k's - normal people, because of laws in the US that relaxed the rules relating to how money in a 401k can be invested.

Don't think it's so black and white - many middle class lives have been ruined by Maddoff.

Troy F.

Hey guys, what is your opinion of the village banks that offer 20% per annum on a years investment and 15% per annum [ 7.5%] on 6 months?
Are they safe? I keep some money in them because of the amazing interest, but I can't help worrying if it's safe, as the bigger banks only offer "normal" rates.
The banks I use have been around as long as most villagers can remember but, is this a case of being too good to be true?

Originally Posted by gilbert de jong

Do you mean with "village-banks" the koperasi-banks?

Hi, Gilbert de Jong.
I don't know what a Koperasi Bank is, one of them I use is LPD. Desa Adat Dharmajati in Tukad Mungga. I think they been around about 10 years. The other is a similar bank in another village.

It's sad. :(