<p>court ordered liquidation of $200Mil portfolio of M.
<a href=“http://www.sec.gov/Archives/edgar/data/1386924/000138692408000019/edgar13f09302008.txt[/url]”>http://www.sec.gov/Archives/edgar/data/1386924/000138692408000019/edgar13f09302008.txt</a></p>
<p>I’m halfway thru Bob Woodard’s War Within: A Secret White House History 2006-2008 </p>
<p>Parsed first couple chapters of Scott McClellan’s What Happened [:, ?, !] Inside the Bush White House and Washington’s Culture of Deception</p>
<p>substitute," men and guns" with “money managers and knowledge”
[A</a> Few Good Men](<a href=“http://www.whysanity.net/monos/fewgood.html]A”>A Few Good Men)
</code></pre>
<p>[Fund</a> manager tied to Madoff loss found dead: reports - MarketWatch](<a href=“http://www.marketwatch.com/news/story/Fund-manager-tied-Madoff-loss/story.aspx?guid={E473F461-21F5-45CA-BDEB-6051A14CE882}]Fund”>Fund manager tied to Madoff loss found dead: reports - MarketWatch)</p>
<p>
</p>
<p>I just got another appeal from my alma mater, Brandeis, for donations to help out students. Brandeis, along with many other Jewish institutions, has been badly hit by the Madoff fraud. 75% of its students receive aid. What I can contribute will be a drop in the ocean.</p>
<p>marite, that is so sad!</p>
<p>May be the affected schools can follow this investor’s lead:</p>
<p>[Investor</a> tries to hold SEC liable for Madoff losses - Yahoo! News](<a href=“http://news.yahoo.com/s/nm/20081223/bs_nm/us_madoff_investor_sec]Investor”>http://news.yahoo.com/s/nm/20081223/bs_nm/us_madoff_investor_sec)</p>
<p>I was going to post about the French fund manager’s suicide, but I see someone else did already. So now, Madoff is not only a greedy scumbag, he also caused the death of this man. I can only hope this is an isolated incident.</p>
<p>A friend of my MIL who lives in NYC and is all about society, was telling her that for years she had begged her husband to invest with Madoff. Her husband just ignored her. As recently as two months ago, she had suggested it again. He ignored her again.</p>
<p>After the story broke, she let him gloat for a while and then asked how did you know. He told her that a few years ago, as he was preparing to retire, he went in to meet with someone from one of the big national investment/money management firms. He asked them if the invested with Madoff. The money manager told him no, because we don’t understand his investing model and how it works. Her husband told her if such and such company can’t understand what he is doing, how am I going to understand it. He never wanted to elaborate on his concerns with her to avoid an argument.</p>
<p>Madoff should be hung in public.</p>
<p>Another ‘victim’ comes forward…</p>
<p>[Wiesel</a> Foundation loses nearly everything in Madoff scheme - Yahoo! News](<a href=“http://news.yahoo.com/s/afp/20081224/ts_alt_afp/usfinancefraudwieselfoundation_081224163605]Wiesel”>http://news.yahoo.com/s/afp/20081224/ts_alt_afp/usfinancefraudwieselfoundation_081224163605)</p>
<p><a href=“http://www.nytimes.com/2009/01/04/opinion/04lewiseinhorn.html[/url]”>http://www.nytimes.com/2009/01/04/opinion/04lewiseinhorn.html</a></p>
<p><a href=“http://www.nytimes.com/2009/01/06/business/06madoff.html?hp[/url]”>http://www.nytimes.com/2009/01/06/business/06madoff.html?hp</a></p>
<p>Some characters never give up. “Oh we can’t send a million in jewelry to our friends and relatives while we are under indictment for the biggest ponzi fraud ever?..” Duh.</p>
<p>I think his lawyer yesterday referred to the jewelry as a “few trinkets” he sent to his relatives. Oh, and while on bond he is in house arrest in his $7million NYC penthouse apartment. Rough life. I hope they sell every piece of jewelry, the apt and the shirt off his back to repay whatever little can be repaid to all his victims.</p>
<p>It’s like the comic books used to say, if only all that cunning could be used for good instead of for evil. Oh, well.</p>
<p>I think all his assets including his properties should immediately be put up for auction and all the proceeds go back to the investors starting with the charities. Every cufflink, watch, expensive suits, shoes, wife’s jewelry etc. Everything needs to go that was earned by his crookery. I have no idea how he can be allowed to be out on bail. He’s a huge flight risk and it’s a slap in the face to everyone who’s money he took to see him walking free. Even his bail money is stolen money.</p>
<p>
</p>
<p>And the fancy real estate in Florida that he used to post his bail!</p>
<p>I think his kidneys should be removed and sold to the highest bidder on ebay.</p>
<p>I think this is a subsequent scam, the purpose of which was to further the exoneration of his sons.</p>
<p>Some questions I have.</p>
<p>Will the fancy co-op that Madoff lives in Manhattan kick him out? The co-op has a rule that the owners need to have at least $100 million in liquid assets to live there. I am sure these snooty folks would like to see him gone. </p>
<p>How is he paying his attorney? Have not all of his assets been frozen. Maybe Ira is doing it for the PR. </p>
<p>I noticed his son’s wife filed for divorce the day that Bernie got indicted. How does she expect to get anything. </p>
<p>If you paid taxes on the ill gotten gains and then you get the gains and the principal clawbacked, do you get to file amended returns even it is past the time to file amended returns. </p>
<p>Lots of fun stuff to think about.</p>
<p>Tough to imagine Matt Lauer has $100m in liquid assets. If he didn’t host Today until 1997 and only got to $13.5m salary in 2006 ($7m after tax), would have been hard to get to $100m lifetime earnings even before excluding hard assets.</p>
<p>Wouldn’t Matt Lauer has a spouse that contributes to the assets? Just asking.</p>
<p>Madoff still should be sitting in jail.</p>
<p>Markopolos’s statement to Congress: </p>
<p><a href=“http://www.house.gov/apps/list/hearing/financialsvcs_dem/markopolos020409.pdf[/url]”>http://www.house.gov/apps/list/hearing/financialsvcs_dem/markopolos020409.pdf</a></p>