Structo wrote:Dunno who that is but I can't wait to see W's pardon list!

Oh, man. Where were you when the shit hit the fan?!
O.k., this isn't quite as bad as the cash flow shortfall back in October but in a way it's worse.
Allegedly the aptly named Bernie Madoff (Yup. Pronounced "Made Off") ran his hedge fund like an early '90s Russian bank. For those unfamiliar with formative Russian caplitalism that's where they had an impressive looking vault door in the bank. The door would open into the back alley. You'd bring your rubles into the bank and they'd ceremoniously load them into the "vault". Of course they went straight out the back and into an ex-Russian Army truck...
Still
allegedly... Mr. Madoff took funds "under management" totalling some $50
BILLION by some accounts. A real Robin Hood he is, stealing (allegedly) from the rich and, ummm... putting it into his own pocket.

Cuts out the middle man, more efficient that way...
Google "Ponzi schemes". Hey, this is a learning experience for me, too!
A screenwriter buddy of mine is workin' on an updated version of "Happy Days", one where the Cunninghams are filthy rich and live in a posh suburb in southern Connecticut. The "Fonzy" character (named "Ponzi"

) is a fallen-from-grace motorcycle riding billionaire ex-investment banker. I told my buddy his storyline is a crock of shit and it's never gonna fly, there are enough "reality TV" programs competing for airtime as it is...
