$50 Billion, now you're talking about real money!

http://www.nytimes.com/2008/12/12/business/12scheme.html?hp=&adxnnl=1&adxnnlx=1229054502-JhHAjtTZBhC1PqGa5lu5SA

http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest

Couldn't be happier that I got out of "the biz" last year!

 

And that's why I posted it there but I'm not sure how many people read that forum.

Since so many people seem to want to discuss the current economic situation I though you might want to read this also:

[Deleted by moderator.]

 

Friendly word. Off-topic exists so that the car forums don't get littered with off-topic items. Creating a thread in a car forum to link to an OT thread sort of subverts that intent.

 

There is a B&I forum where this is currently being discussed. It's not required that economic topics be discussed there, but if you're interested in such discussion, then there's a lot of that there.

 

I have been bombarded with political and economic crap for months now. If I need more I'll go to the appropriate section to read about the spreading wealth and our new found savior.

 

I was wondering if the collapse of this 50 billion dollar Ponzi scheme will bring some Ferrari's to market as a large number of the victims were among the super wealthy.

 

Probably. These scams seem to be the tip of the iceberg of what's going on out there.

 

I think that the Wipeout beat is just starting and that more of the uber wealthy are going to be shocked at how their buddies have ripped them off. Maybe we will see some folks jumping out of windows like they did in 1929.