BOO-YAH and what the hell
BWAHAHAHAHA- So these “Smart Money Guys” invest with this guy not, even though they thought he was cheating, BUT specifically BECAUSE he was cheating. they assumed he was using inside information from his prime-brokerage that he owned, this would be a way of cheating that, while being highly illegal, would at least have made money. LOL BUT no all he was doing was taking their money spending most of it while giving a little back to them each month as supposed ‘interest’. BOO-YAH indeed it nice to see even the wealthy get their just deserts.
Now don’t get me wrong I’m not happy to see people suffer or lose their money in general and I’m no way at all against rich people nor I’m I saying rich people deserve to lose money just because they have a lot ……
BUT the people who were pretty sure he was cheating (i.e. most people who were paying attention) and invested with him SOLELY because they wanted to make themselves even richer through ill got gains (which screws the rest of use rich and poor alike), these people deserve every thing they are getting and more…..THE JOKES ON YOU JACK BWAHAHAHAHAH
Let’s see how the ‘Upper Crust’ is handling it:
Losing hundreds of millions brings out the street fighter in anyone.
From the Palm Beach Post’s gossip column here’s the scene that went down at Donald Trump‘s Mar-a-Lago this Saturday night:
Several eyewitnesses at the 60th birthday party for carpet king John Stark tell me that two of the major players in this scandal came face-to-face.
…On one side was Bob Jaffe. The philanthropist has been criticized here for directing big-deal investors to Madoff Investment Securities – the firm that, federal authorities said, lost $2 billion of its clients money in what amounted to a Ponzi scheme. Jaffe admitted to being paid for his referrals.
Jaffe, who is not under investigation, and his wife, Ellen, apparently made the mistake of showing up at Stark’s birthday barbecue. Several Madoff clients, too, were among the 70-plus guests. One had mortgaged two homes to maximize his investment. Another put in $20 million from a child’s trust fund.
“Why Bob would show his face after what happened,” said one guest, “is beyond me.”
So, one of the bigger losers in the Madoff collapse, Nine West shoes founder Jerome Fisher, verbalized what others were thinking. Fisher, according to published reports, may have lost $150 million.
He reportedly told Jaffe: “You’ve got a lot of nerve showing up here!”
It went downhill from there.
“They were about to go at it,” said one spywitness. “There was some pushing and yelling. I’d never seen anything like this at Mar-a-Lago. Jerome is a tough cookie. He made some really threatening comments to Bob, as he well should have. It was a wild scene.”
With Mar-a-Lago owner Donald Trump standing nearby, several Stark well-wishers stepped in and separated the men.
Neither Fisher, already a victim of the $200 million-collapse of the KL Group here in 2007, nor Jaffe left. They just avoided one another.
Trump told Page2Live: “It was a great party, but it was one like none other. There were a lot of unhappy campers there.”
Madoff, 70, was arrested last week in what could become the biggest swindle in American history. Madoff used fresh money from some investors to cover the losses of others. He promised outrageously high interest rates, some as high as 15 percent.
This is absolutely classic, I’m beside myself…..“They were about to go at it,” said one spywitness. “There was some pushing and yelling. I’d never seen anything like this at Mar-a-Lago. Jerome is a tough cookie. He made some really threatening comments to Bob, as he well should have. It was a wild scene.”…Jerome sounds like a tough cookie….Is this the same Jerome who is a millionaire who runs a Woman Shoe Store???….I mean that’s pretty much on par with being in the Hells Angels or something…..
Ladies and Gentlemen I think we narrowly avoid a slap fight of epic proportions……thank god the Donald was there to break it up!!!!!
OH and bye the bye if you take out a second morgage to lever up in any investment, much less something like this it’s pretty hard for me to feel sorry for you. You got greedy live by the sword die by the sword…..Caveat Emptor!
Oh and What the Hell how do you work it so that you announce that you lost $2.12 Billion last quarter (anywhere from 20 to 50% worse than expectations) and have your stock go up 15% that day….I guess I’m not complaining, but I’m at least a little worried that as a Goldman Stock owner that something is afoot and I will soon be classed with those I mocked above (sans womes shoe franchise) Maybe It’s the kitchen sink theory or maybe just shorts covering figuring this is the worst it will get or some combination of the two….needless to say I’m a little nervous.
Oh and the rate-cute may have pumped things a little today but don’t get carried away within the next few days when ‘Mr. Market’ sobers up and realizes what is implied by such bold action things maybe even back to where they were or lower…..perphaps its not goldman throwing in the kitchen sink but the fed……
Oh well as they say Caveat Emptor summmbitch…..