Clearing house steals money from customers, then goes bankrupt.

[Loki]

Yay, new conspiracy.

[GGT]

Yay, new conspiracy.

Your responses are pathetic, Loki. When you're caught in blatant misrepresentation of things I've posted, your first reaction is to turn it back on me again, by suggesting a conspiracy theory? Seriously? I expected better from you. You're a doctoral candidate teaching (and grading) university students and their papers....

[Loki]

Read the post I responded to and tell me how that's not a new conspiracy.

[CitizenCain]

Doesn't sound like a new conspiracy to me either. Same old one. More j00s, yippie!

[GGT]

Read the post I responded to and tell me how that's not a new conspiracy.

Your batting stats won't be any better. Still swing-and-miss crap.

She said he's not doing any time.

You can't get there from here.

[Loki]

Have you considered the remote possibility that when no one seems to understand what you're saying, the problem might not be with everyone else?

[GGT]

Have you considered the remote possibility that when no one seems to understand what you're saying, the problem might not be with everyone else?

Not when you say things like, "She said he's not doing any time". When it's quite clear I said Madoff is doing his own time but not jail time for his cohorts. And then you say shit like, "Yay, new conspiracy".

The problem isn't mine. I'm not the one derailing this thread into personal attacks aimed at certain posters. I'd much rather be discussing how someone like Corzine was able to schmooze regulators and investors into this very risky venture that eventually led to bankruptcy and trying to locate $600 Million of other peoples' money.

[CitizenCain]

Not when you say things like, "She said he's not doing any time". When it's quite clear I said Madoff is doing his own time but not jail time for his cohorts.

And who might those cohorts be? Be more specific than blaming some unidentified j00s, please.

And then you say shit like, "Yay, new conspiracy".

This is definitely not related to you inventing new conspiracies out of thin air. Conspiracies like the unidentified j00s who must have helped Bernie Madoff commit his various acts of j00ery, who definitely exist because... j00s never work alone, or something.

[GGT]

Substandard oversight and de-regulation doesn't mean a conspiracy. Wall Street operators looking for any inch of profits doesn't mean a coordinated conspiracy. It could boil down to hubris and greed, for all we know, based on what little we do know. Or maybe it's systemic laziness at many levels, or a lack of corporate ethics, or individuals trading employment and income in exchange for ignoring their internal ethics (conscience or moral compass). Perhaps it's people in the "elite" tiers whose reputation has more credence than their actual performance.

It's most likely all of the above. If there's any "conspiracy" it's not organized or intentional, but more like following money-makers to make more money, and conveying talent while ignoring the Luck factor, or the inheritance factor. Trump and Corzine fit in that category, along with Bloomberg. Billionaires tend to attract attention and validation, even when they probably shouldn't. Like Paris Hilton, or any of the Kardashians.

[CitizenCain]

OK, so your response to "who are Bernie Madoff's cohorts" [who you earlier claimed should be jailed with him] is... the entire financial industry, a good chunk of the government, random real estate developers and children of hotel moguls and basically anyone with a lot of money.

Yeah, that's not blaming everything on the j00s at all.

But a question occurs... since everything's just one big j00spiracy to you anyway, why do you have such a problem with me calling it what it is?

[GGT]

OK, so your response to "who are Bernie Madoff's cohorts" [who you earlier claimed should be jailed with him] is... the entire financial industry, a good chunk of the government, random real estate developers and children of hotel moguls and basically anyone with a lot of money.

You make too many assumptions. None of us really know the cohorts or co-conspirators, we don't have subpoena powers or staffs to investigate fraud or corruption. That's why Attorneys General are important, or any federal agency (FBI, DoJ, FDIC, SEC, IRS)

Yeah, that's not blaming everything on the j00s at all.

But a question occurs... since everything's just one big j00spiracy to you anyway, why do you have such a problem with me calling it what it is?

Your use of j00 or j00spiracy means nothing, other than a distraction. It's just an inflammatory phrase you use when you don't know what else to say, or can't support your own opinion.

[CitizenCain]

You make too many assumptions. None of us really know the cohorts or co-conspirators, we don't have subpoena powers or staffs to investigate fraud or corruption.

Speaking of assumptions, you assume there **are** co-conspirators, because...? Like I've said, your whole reasoning on this seems to be that Maddoff was a j00spirator, and we know there were other j00s in on the scheme with him, because j00s always work in groups, or some such.

And then you go and name anyone with a big bank account and any government oversight officials as his co-conspirators and don't understand why I'm dismissing your delusional conspiracy bullshit as anti-j00ish, delusional conspiracy bullshit.

That's why Attorneys General are important, or any federal agency (FBI, DoJ, FDIC, SEC, IRS)

Uhuh. And feds and Attorney Generals haven't found any other conspirators because... they're also part of the Mad0ff j00spiracy?

Your use of j00 or j00spiracy means nothing, other than a distraction. It's just an inflammatory phrase you use when you don't know what else to say, or can't support your own opinion.

Whatever you say, Kathsung. That's clearly the reason. Has nothing to do with you lumping Donald Trump, Paris Hilton, the entire financial sector, the SEC and a bunch of other government agencies together in some vague conspiracy to... unauthorized Ponzi scheme, j00 gold, blah blah blah.

[agamemnus]

Hmm, didn't the Madoff case have more than one person going to jail? Still, even if so, I agree with GGT's premise, which you (Loki and Cain) are possibly deliberately missing -- far too few people go to jail for financial crime when common sense dictates that such a small amount of people could not have carried out said crime on their own.

[Loki]

Common sense isn't very common or very correct. In this country, we rely on something called evidence.

[CitizenCain]

..when common sense dictates that such a small amount of people could not have carried out said crime on their own.

Um, no it doesn't. A Ponzi scheme is a one-person enterprise. It is, in fact, named after the person who ran the first big such scheme. So how does common sense tell you otherwise, or are you just using "common sense" to mean "assertion for which you have no evidence?"

[agamemnus]

Um, no it doesn't. A Ponzi scheme is a one-person enterprise. It is, in fact, named after the person who ran the first big such scheme. So how does common sense tell you otherwise, or are you just using "common sense" to mean "assertion for which you have no evidence?"

[CitizenCain]

You suffering from a case of j00s too, or did I hit the nail on the head when I suggested you use common sense as a synonym for assertions you have have no evidence to support?

[Dreadnaught]

Interestingly, some back-of-the-envelope math suggests Corzine may be significantly less wealthy than before. Still wealthy, but significantly less wealthy than before:

http://www.foxbusiness.com/markets/2...is-reputation/

[agamemnus]

You suffering from a case of j00s too, or did I hit the nail on the head when I suggested you use common sense as a synonym for assertions you have have no evidence to support?

Both.

Interestingly, some back-of-the-envelope math suggests Corzine may be significantly less wealthy than before. Still wealthy, but significantly less wealthy than before:

http://www.foxbusiness.com/markets/2...is-reputation/

Yup, I saw/read that. Still, it's all based on a lot of assumptions, and we know how sensationalist reporting (of which Fox is often guilty of) plays hard & fast with the facts...