Treasures from the threads - Number thirty-two

Link - article not worth reading.

What I want to know is...what was Madoff's exit plan? He must have known that this scheme could not have been perpetuated. So what was the long-term plan? Did he simply plan to live the high life until caught? Did he sacrifice his own liberty in order to give billions to others? (His family? Friends?) I guess it would help if we knew where the money HAD gone. As for Brown...totally different case. He had no idea that he was running a national ponzi scheme. He was simply an incompetent, an economic lightweight out of his depth but assuming that the apparent prosperity for ten years showed that he must be a genius. I actually feel kind of sorry for the guy. The cognitive dissonance with which he must have to wrestle on a daily basis must be incredible. Imagine finding out after ten years that you are, in fact, an idiot. Mind you, I'm sure his brain isn't anywhere near accepting that yet.

John Mack

on March 13, 2009

at 06:30 AM