Author Topic: Interesting Articles...  (Read 1239870 times)

Offline hvaces42

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Re: Interesting Articles...
« Reply #5715 on: January 01, 2017, 09:37:24 PM »
Years ago they were already scratching their heads how platinum was able to do it consistently.
You expect the guys that didnt indict one banker for the 2008 financial crisis to figure out how Platinum valued its assets?
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Offline TimT

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Re: Interesting Articles...
« Reply #5716 on: January 01, 2017, 09:42:04 PM »
You expect the guys that didnt indict one banker for the 2008 financial crisis to figure out how Platinum valued its assets?
So you mean they finally got some new people running the asylum ?

Offline churnbabychurn

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Re: Interesting Articles...
« Reply #5717 on: January 01, 2017, 09:45:47 PM »
Years ago they were already scratching their heads how platinum was able to do it consistently.
Everyone knew that their revenue wasn't from the normal markets. That's why it's not such a head scratcher that they made "private off market investments" that were wildly successful.

If they were seeing these returns from the markets, they would be Warren Buffett *10. - but they ain't nothing close. And yes, the feds/sec would be all over them ASAP.

Offline hvaces42

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Re: Interesting Articles...
« Reply #5718 on: January 01, 2017, 09:51:18 PM »
So you mean they finally got some new people running the asylum ?
No they tripped over some coffee shop owner from Harlem who was running his own ponzi scheme and that led to all of this. They ended up with Rechnitz book-ends.
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Offline Moshe123

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Re: Interesting Articles...
« Reply #5719 on: January 01, 2017, 09:54:08 PM »
Such ganuvim deserve to be hanged from the tallest tree in central park.

Offline David Smith

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Re: Interesting Articles...
« Reply #5720 on: January 01, 2017, 09:56:49 PM »
Can we keep this civilized?
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline hvaces42

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Re: Interesting Articles...
« Reply #5721 on: January 01, 2017, 09:58:53 PM »
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Offline hvaces42

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Re: Interesting Articles...
« Reply #5722 on: January 01, 2017, 10:00:40 PM »
Such ganuvim deserve to be hanged from the tallest tree in central park.
We dont hang ganuvim. They work and pay off their debts. Thats the torah way. We know in certain sectors money is the end all and "ganuvim" are hung, but its not that way in real life or al pi halucha.
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Offline churnbabychurn

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Re: Interesting Articles...
« Reply #5723 on: January 01, 2017, 10:11:59 PM »
We dont hang ganuvim. They work and pay off their debts. Thats the torah way. We know in certain sectors money is the end all and "ganuvim" are hung, but its not that way in real life or al pi halucha.
Even if they were sold as eved ivris for generations they wouldn't be able to pay up... The numbers are huuge

Offline TimT

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Re: Interesting Articles...
« Reply #5724 on: January 01, 2017, 10:15:49 PM »
Interesting to see some of the names that fell for it. Thought a few of them were far more careful with their money.

Offline hvaces42

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Re: Interesting Articles...
« Reply #5725 on: January 01, 2017, 10:16:47 PM »
Even if they were sold as eved ivris for generations they wouldn't be able to pay up... The numbers are huuge
So you hang them instead? Or send them away to rot?

Wouldnt it be better to see Madoff working the Times Square Alliance with a garbage pail and broom, living in an SRO, eating at a soup kitchen with his check garnished every week, then hidden away in some anonymous concrete building in Butner NC?
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Offline hvaces42

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Re: Interesting Articles...
« Reply #5726 on: January 01, 2017, 10:19:38 PM »
Interesting to see some of the names that fell for it. Thought a few of them were far more careful with their money.
He did get money from the creme de la creme. I always wondered when i saw him working the register at KD the week before Pesach.
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Offline zh cohen

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Re: Interesting Articles...
« Reply #5727 on: January 01, 2017, 10:22:27 PM »
Or send them away to rot?

Wouldnt it be better to see Madoff working the Times Square Alliance with a garbage pail and broom, living in an SRO, eating at a soup kitchen with his check garnished every week, then hidden away in some anonymous concrete building in Butner NC?

This x100.

Prison is 90% about society's need for revenge, and 10% deterrence/punishment.

ETA: I'm talking about for financial crimes, not when the person is a danger to those around him and needs to be locked up.

Offline hvaces42

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Re: Interesting Articles...
« Reply #5728 on: January 01, 2017, 10:23:29 PM »
This x100.

Prison is 100% about society's need for revenge, and 0% deterrence/punishment
FTFY
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Offline Cheesecake

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Re: Interesting Articles...
« Reply #5729 on: January 01, 2017, 10:28:30 PM »
Even in Judaism isn't there different flavors (don't want to use sect)? When I was googling what it means to be raised Jewish many flavors came up.
I doubt I would agree with most of what you found on Google.