The Bernie Madoff story is a rather long one. To put it short, Bernie Madoff owned a company that created the system that was essentially the NASDAQ index. Long story short, they ended up trading 5% of stocks and began making awesome amounts of money by trading stocks with options and therefore causing investors to 'claim their stake,' if you will.
Needless to say, he made billions scamming people.
The most recent bit of news that comes out of this is that Bernie Madoff's sons tried to hide a howdah, which is essentially a very expensive lamp. Bernie Madoff's widows lamp, as they claimed. I personally had a hard time believing it, the fact that it was worth $11M, the fact that they were able to hide it and most unbelievably the fact that they still claimed it as Madoff's widow's lamp.
I was shocked and amazed. And yet people wonder why America is currently in a mess-hole? We've done nothing to regulate stocks, not like they should have been. Have you noticed that there's a growing gap between the rich who only get richer and the poor who only seem to get poorer?
It's because of these howdah widow lamps that America seems to be going straight to hell in a handbasket. The group known as 'poor' will continue to grow until the middle class dissolves into just the poor. Notice how minimum wage keeps getting raised? Enough said. Yet there's still room for what boils down to thievry to buy $11M lamps for their widows.
It makes you really wonder whether or not that there's a New World ORder at work. I doubt it, but like I said, it makes you wonder.
Thursday, August 20, 2009
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