Comments on: $50 Billion Wall Street Fraud http://patterico.com/jury/2008/12/12/50-billion-wall-street-fraud/ Sun, 05 Feb 2012 09:37:01 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: gp http://patterico.com/jury/2008/12/12/50-billion-wall-street-fraud/comment-page-1/#comment-896 gp Sun, 14 Dec 2008 19:43:13 +0000 http://patterico.com/jury/?p=328#comment-896 A lot of these socialites and fund managers seem to invest on tips and connections more than on due diligence. "Hey pal, call Bernie, he'll fix you up!" Instead of doing business with a big reputable company like Vanguard, they chase returns with these little boutique shops because they like the managers' yachts or golf games, I guess. A lot of these socialites and fund managers seem to invest on tips and connections more than on due diligence. “Hey pal, call Bernie, he’ll fix you up!” Instead of doing business with a big reputable company like Vanguard, they chase returns with these little boutique shops because they like the managers’ yachts or golf games, I guess.

]]> By: Juan http://patterico.com/jury/2008/12/12/50-billion-wall-street-fraud/comment-page-1/#comment-894 Juan Sun, 14 Dec 2008 09:10:44 +0000 http://patterico.com/jury/?p=328#comment-894 It's is pretty unbelievable that someone would steal that amount of money. What do you do with a billion dollars that you can't do with 50 million? Sure, there are things, but once you cross a certain level, we're just talking about slightly nicer jets and somewhat bigger parties and diamond level membership in charities rather than gold level. Unless you plan to overthrow a government or build a spaceship, what is that money for? If you're managing $50 billion, you're probably earning significant money. Why risk your freedom for more? If you're going to steal, why steal that much? It’s is pretty unbelievable that someone would steal that amount of money.

What do you do with a billion dollars that you can’t do with 50 million? Sure, there are things, but once you cross a certain level, we’re just talking about slightly nicer jets and somewhat bigger parties and diamond level membership in charities rather than gold level.

Unless you plan to overthrow a government or build a spaceship, what is that money for?

If you’re managing $50 billion, you’re probably earning significant money. Why risk your freedom for more? If you’re going to steal, why steal that much?

]]> By: DRJ http://patterico.com/jury/2008/12/12/50-billion-wall-street-fraud/comment-page-1/#comment-891 DRJ Sun, 14 Dec 2008 00:15:38 +0000 http://patterico.com/jury/?p=328#comment-891 gp, What an incredible link. What's wrong with these people? They are not only incredibly greedy but they take down so many people with them. gp,

What an incredible link. What’s wrong with these people? They are not only incredibly greedy but they take down so many people with them.

]]> By: gp http://patterico.com/jury/2008/12/12/50-billion-wall-street-fraud/comment-page-1/#comment-889 gp Sat, 13 Dec 2008 20:31:51 +0000 http://patterico.com/jury/?p=328#comment-889 Holy moly, here's another big fraud: http://www.nytimes.com/2008/12/14/nyregion/14lawyer.html?hp Holy moly, here’s another big fraud: http://www.nytimes.com/2008/12/14/nyregion/14lawyer.html?hp

]]> By: Scott Jacobs http://patterico.com/jury/2008/12/12/50-billion-wall-street-fraud/comment-page-1/#comment-878 Scott Jacobs Sat, 13 Dec 2008 02:36:29 +0000 http://patterico.com/jury/?p=328#comment-878 <blockquote>Don’t worry - I’ve posted on topics Patterico has already done</blockquote>Yeah, but we like <i>you</i>... :)

Don’t worry – I’ve posted on topics Patterico has already done

Yeah, but we like you… :)

]]> By: DRJ http://patterico.com/jury/2008/12/12/50-billion-wall-street-fraud/comment-page-1/#comment-877 DRJ Sat, 13 Dec 2008 01:35:10 +0000 http://patterico.com/jury/?p=328#comment-877 Don't worry - I've posted on topics Patterico has already done. If you want to talk about it, post on it. Don’t worry – I’ve posted on topics Patterico has already done. If you want to talk about it, post on it.

]]> By: Scott Jacobs http://patterico.com/jury/2008/12/12/50-billion-wall-street-fraud/comment-page-1/#comment-853 Scott Jacobs Fri, 12 Dec 2008 17:13:23 +0000 http://patterico.com/jury/?p=328#comment-853 Blago isn't going anywhere. At least as far as the news is concerned... Blago isn’t going anywhere.

At least as far as the news is concerned…

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