In Australia, we call this "the chickens coming home to roost"... maybe it's
the same there.
I just read that $2.5bn of the $700bn bail-out (coming from tax payers' money)
is earmarked so that the banking executives will still get their obscene
bonuses for being - in part - responsible for bringing about the meltdown.
In a past age, they would have done the honourable thing and stepped off a
window ledge (the corporate version of committing hara kiri, perhaps) but no.
Their snouts are so deep in the trough they have learned to breathe through
their arsholes so they don't even have to come up for air.
Happy Holidays to all who deserve them.
Phil
----- Original Message -----
From: Dario Casadei
To: mop...@sol03.american.edu
Sent: Saturday, December 27, 2008 7:34 AM
Subject: Re: [MOPO] WAY OT: What drove Bernie Madoff
A lot of decent people lost a lot of money, but even more important, they
lost faith.
I think? Michael Douglas could do this role pretty good.
Best of the holidays to all!!
dario.
Bruce Hershenson wrote:
I looked at the cnn site just now and they have an article entitled, "What
drove Bernie Madoff".
It tells about what a brilliant man he is, and it concludes "Several people
who know Madoff say his saga reminds them of a Greek tragedy. Just like Icarus
who tried to fly too close to the sun, Bernie Madoff destroyed himself in his
unending quest for success and respect. Says Madoff's defense attorney, 'this
is a tragedy.'"
This really offends me. He was a crook who has done untold damage to tens
of thousands of people's lives (counting the many charitable groups he ruined)
and he did so in the worst possible way, by being a confidence man who won
their trust and then betraying it.
The people who were swindled have some responsibility, because they forgot
the old adage "if something seems too good to be true, it probably is", but
their doubts were overcome by their basic greed in wanting those great returns,
and in their belief that no one could be dishonest and operate on that scale.
But this crook is the lowest of the low, and deserves no sympathy and is
not "tragic" by any measure.
What do YOU think?
Bruce
P.S. If one thinks this has nothing to do with movie posters, it seems an
absolute certainty there will be one or more movies made about this fraud, and
that opens the question of what title they will choose (maybe "The Death of
Icarus"?) and who will be chosen to play the lead role!
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