Rich Jews
It sort of concerns me when people of the Jewish faith criticize the psychopath Bernard L. Madoff by expressing their horror that he would do this sort of thing to fellow Jews.
Oh come on. How naïve are these people? It just shows that rich people are no smarter than anyone else. And that Jewish rich people are greedy and unethical just exactly like some agnostic rich people are. It is all about greed.
Madoff operated a ponzi scheme which stole billions from some of the richest people in America (and the rest of the world too). He consistently gave investors an excellent rate of return, in fact one which was far above what you could achieve in any legitimate investment scheme.
The people who got taken by Madoff had good lawyers and accountants. Even if these investors were not very bright, their advisers were. These people understood the inverse relationship between risk and rate of return. If you want your money to be safe then you invest it in certificates of deposit at the local bank which are insured by the federal government FDIC. Certainly the accountants and lawyers pointed out many times that a consistently high rate of return like this was very risky. The statements Madoff issued were not clear, and his auditor was a small unknown strip mall firm.
No one really wants to point the finger at these people who are down and out and who are suffering a total loss of their life savings. But it needs to be done.
You dumb bastards let your greed overrule your good sense. And your ethics too.
It was obvious that these high rates of return were not available through other conventional and safe investments. And you certainly heard the warning over the years about diversification. Invest some of your money here, some there so that in the worst case situation you are not totally wiped out. Sorry, you greedy bastards thought that you were masters of the universe. You thought you deserved a much higher rate of return than what other “normal” people were getting on their investments. You got exactly what you deserve. Tough luck.
Now just because you used to be rich you continue to expect better treatment than other poor folks. You arrogant sons of bitches supported the Republicans, and you opposed any sort of support for poor people or people who are down on their luck. Well good luck. You made your bed, now you can see what it feels like to try and sleep on it.
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