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Old 12-19-2008, 06:38 PM   #5 (permalink)
QuasiMondo
Wise-ass Latino
 
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Location: Pretoria (Tshwane), RSA
I want to be mad. I want to be furiously steamed. I really do, but I just can't find the gumption to be upset. I couldn't put my finger on why I have this inability to be full of righteous indignation at what Maddoff has done until I saw this simple question asked:

"How different, really, is Mr. Madoff’s tale from the story of the investment industry as a whole?"

Ponzi Scheme: You give me money, I turn around and get you interest on it. Don't ask me how I do it, that's my little secret.
Investments, such as hedge funds: You give me money, I turn around and get you interest on it. Don't ask me how I do it, that's my little secret.

Is the wealth of the legitimate investors really there? After seeing what happened to Bear Stearns when investors made a run on them, I don't think there's a whole lot of investment companies that are that much different than from what Maddoff ran.
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-From the Collector's Edition DVD of The Terminator
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