Rep. Ackerman On Madoff Fraud

[michaelwright999]

G Ackerman is the man, you bet on the horse race after it was over, he is a god king.

[VioletScorpion]

Madoff wasn't really a genius, most other people were either ignorant about due diligence (not really their fault if they're not actively involved in stock trading) or willingly blind. The trade tickets Madoff created were fake, and all it would of taken would of been to verify that the claimed trades on the trade tickets were actually performed, and the consistent profit Madoff claimed should have been a clear red flag that such due diligence should be performed.

[AnomalousAppendages]

@VioletScorpion That's what Markopolos says in his book too. He says Madoff investors simply did not want to believe he was a fraud because they had too much at stake to lose. He says most of them knew deep inside but decided not to act upon their gut feeling, but Madoff was no genius.

[SexyLikeAScorpio]

I feel so bad for him.

[Minionuup]

Maddoff is a Democrat. He has sent big Money to big Democrats. (Clinton, Obama, Dodd, Schumer, Rangel). His scheme was easy to pull off seeing his Democratic buddies were covering for him all the way.

[whoiga]

Your argument is a non sequitur. He was also Jewish, but many Jewish organizations and several large Jewish universities were completely (or near-completely) wiped out by the fraud. Your conclusion cannot be properly derived from his religious/political affinities. Hitler had a moustache, yet we don't pigeonhole people with moustaches based on Hitler's political affinity.

[gibbersome]

What kind of a house requires a $5900 mortgage?!

[michaelwright999]

@gibbersome  YID

[AniLutu]

I'm about to cry! This is one of the saddest things I've ever heard.

[gucker07]

Madoff should spend the rest of his life in jail. I hope he will. The SEC needs to be reformed, rules tightened etc. Capitalism is still the best system but it needs more than a few tweaks to get it working properly again and prevent this from happening again.

[nemnaisa]

He should be executed.

[philzuco]

That chick behind Ackerman is SMOKING HOT! WOW!

[Mykil]

naaa. she s ok

[BFN200]

You are ignorant. You will never have anyhting and you will never be happy.

[dog1clear]

jews suck? oh i don't know about you but i'm catholic and i think they have paid their dues. leave em alone adolph you ignorant fuck

[Seeker1898]

His mortgage payment is $5,900 per month!!! What the fu$k! hahaha! Most people don't make that in three months in terms of gross pay. Sell the house buddy!

[emich28]

I know its funny, the average American is feeling sorry for these rich people that got screwed.

[Faisal4242]

because every average American wants to be him some day.