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Showing posts with label Madoff. Show all posts
Showing posts with label Madoff. Show all posts

Monday, April 01, 2013

MooPig Brain Industries :: "Parody Contention and Cookies"

Could it be True?
Gathered by Pat Darnell  |  Mar 29, 2013  |  Bryan TX

... characteristics rewarded in our society, unfortunately.

Jon Ronson: WATCH: The Story Of A Man Who Faked Insanity: "My talk is based on my book, The Psychopath Test. It's in part about a man called Tony. He swears he faked madness to escape a prison sentence for GBH (grievous bodily harm) and is now stuck in a secure hospital because nobody will believe he's sane. It was the Scientologists -- brutally opposed to psychiatry -- who introduced me to Tony. It's also about the compelling theory that you are four times more likely to have a psychopath running your business than you are to have one as your underling."

'via Blog this'
" ... Bob seemed melancholy. It was as if the crash had made him introspective. He said, almost to himself, "I should never have done all my research in prisons. I should have spent my time inside the Stock Exchange as well."

I looked at Bob.

"Do you mean that?" I asked.

"I mean it," he said.

"But surely stock market psychopaths can't be as bad as serial killer psychopaths," I said.

"Serial killers ruin families," shrugged Bob. "Corporate and political and religious psychopaths ruin economies. They ruin societies."

This - Bob was saying - was the straightforward solution to the greatest mystery of all: why is the world so unfair? Why all that savage economic injustice, those brutal wars, the everyday corporate cruelty? The answer: psychopaths. That part of the brain that doesn't function right. You're standing on an escalator and you watch the people going past on the opposite escalator. If you could climb inside their brains you would see we aren't all the same. We aren't all good people just trying to do good. Some of us are psychopaths. And psychopaths are to blame for this brutal, misshapen society. They're the jagged rocks thrown into the still pond. (Jon Ronson) ... "

- An EXCERPT from The Psychopath Test.




________________________Reference
http://www.huffingtonpost.com/jon-ronson/psychopath-test-ted-talk_b_2973423.html?utm_hp_ref=daily-brief?utm_source=DailyBrief&utm_campaign=032913&utm_medium=email&utm_content=NewsEntry&utm_term=Daily%20Brief
http://www.jonronson.com/psycho.html

Sunday, December 19, 2010

Widow of longtime Madoff investor to return money
By Zachary A. Goldfarb  Washington Post Staff Writer
Friday, December 17, 2010;" ... Barbara Picower was told by her lawyers they could successfully preserve most of his wealth by fighting for it in court - perhaps all but $2 billion. But about three months ago, she told them she wanted to give back all the money they made made through the Madoff fraud; $7 billion in other people's money ... " [SOURCE]

Retrieved by Pat Darnell

Sunday, April 05, 2009

COMMUNIST !!!

Madoff's RoloDex: It's Still the Economy
Retrieved by Pat Darnell and the CEO's

MooPig's "Behavioral Economists on Staff" suggest this reminder: "Don't try this at home. Every CEO and boat owner knows this is an ideal time to trim the sails; cull the herd... you know, get rid of some of the whining around the place... no?"


[SOURCE]



DIY stimulus: CEO gives workers $1000 each from his own pocket
Bruce Watson | Apr 3rd 2009

Jack Windolf, the CEO of Bollinger Insurance, recently gave his 434 employees a surprise gift: out of his own pocket, he paid each of them $1000. The bonuses, which Windolf called "a mini economic stimulus package," came from $500,000 in deferred compensation that he received when he sold 51 percent of the company last year. Rather than spend the money on himself, he chose to share it with his workers.

CEOs have had a rough time of it lately. With outrage brewing about the scandalous bonuses that went out to executives at Lehman, AIG, Merrill Lynch and other huge companies, it's become increasingly lonely at the top. And for good reason.

After all, even a cursory analysis of the evolution of executive compensation over the past few decades is enough to bring out one's inner Karl Marx. By now, the statistics are pretty well-known, but let's review them one more time: in 1982, the average CEO made 42 times as much as the average worker; by 1990, they were making 107 times as much as their employees, and by 2007, 275 times as much. This meant, incidentally, that the average CEO made more in one workday than the average employee made all year.

Some studies have suggested that employees don't begrudge their bosses the extra pay as long as the company is doing well. However, even by that metric, CEO compensation has grown out of control. With companies lining up to take government bailouts, it is worth asking exactly what companies are getting for their money. One can only imagine the feelings of AIG's rank-and-file employees, and the attitude among low-level workers at Merrill Lynch must be downright mutinous.

Comments:
4-05-2009 @ 11:51AM
Manuel said...
What made those 400+ deserve an extra $1000. They should be taxed at 90%. Mob envy took over in the French Revolution. Mike "45cal. or 9mm bonus" would have fit in well there. In fact, he should move to France.
4-05-2009 @ 11:43AM
robtheblogger6 said...
People can bitch and moan about CEOs but guess what : they don't give a sh*t what you think. Why? Because you can't do a damn thing about it. There's no rioting and i haven't hard of any CEOs being 'taken out'. The "common " people take it up the ass like good little sheep.
4-05-2009 @ 1:34PM
Rupert said...

They should all be chased by mobs with pitch forks and torches!

I've heard radio commentators argue that government shouldn't be involved as when the President asked GM's chairmen to step down.

Well, that's fine. No bailouts either. Let the market sort it out. If you want OUR money- you should be accountable!!

If you ran the company into the ground you DO NOT deserve a bonus! Another employee gets a pink slip for a poor job, why not them? ANY exec who askes for CORPORATE WELFARE, should be fired and stripped of HIS parachute!

We need to all wake up and tell congress that WE AIN'T GONNA TAKE IT ANYMORE. Let the CEOs go to food banks and see how degrading it feels. Be outraged!

Sunday, March 15, 2009

Whistle Blower gets a Gig he Doesn't Want


MooPig "Fraud Busters" Department asks; "Just who is on Madoff's Rolodex?" Could the victims be Who's Who in America, and around town in DC, Cuba, NYC and LA? That would explain much foot dragging. Madoff's scheme was reported in 2000.

Retrieved by Pat Darnell [HERE]
The Man Who Figured Out Madoff's Scheme Tells 60 Minutes Many Suspected Madoff Fraud;
Says 'SEC Is Incapable Of Finding Fraud'
March 1, 2009 | 60 minutes interview
It was the performance line that Markopolos said caught his attention. "As we know, markets go up and down, and his only went up. He [Madoff] had very few down months. Only four percent of the months were down months. And that would be equivalent to a baseball player in the major leagues batting .960 for a year. Clearly impossible. You would suspect cheating immediately."
Markopolos sat down with 60 Minutes correspondent Steve Kroft for his only television interview.

But he seems uncomfortable with the attention, and knows that he is no hero. "I stand before you a 50 billion dollar failure," he said at an event.

Asked how many times he sent materials to the SEC, Markopolos told Kroft, "May 2000. October 2001. October, November, and December of 2005. Then again June 2007. And finally April 2008. So five separate SEC submissions."

"And in spite of all of the things that you did, it still ended up in disaster?" Kroft asked.

"There's nothing to be proud about in this case. I feel horrible about the result. It's been a total disaster for the victims," Markopolos replied.
[Read whole article HERE]

Don't Take any Wooden Nickels

Tuesday, February 17, 2009

Mike Tyson on the Economy

by Pat Darnell and the Herd
MIKE: MIKE: MIKE...[ ... ]

"Wha' you sayin'?" [blah. blah. blah]

"Oh, yiis, I t'ink d'the 'Timuliis Beeil isth a good thing..."

"I 'tink mos'marecans, me included, bit off mo' than we could chew..."

"Yea.. 'dat 'Timulus Beeil was sinned by Obmbmmbath today. I like dat. Yeessirree."

"You readi Babee? Les' go... Ah'm gittin' summa d'at anatomic 'timulus, Madg-th.... -- OK we be seein' ya fellas lator..."

("Uh, Madg, did you git the bill back there?")


Madonna mike tyson picture by BruceLeroy of the Independents
for Celebrities photoshop strange pictures contest
[ e-mail this image ]
[ view high resolution Madonna Mike Tyson Pics ]

Friday, December 26, 2008

Santa's List

Is the day after Christmas the day of Christmas Remorse... let's ask the financial district:
Retrieved [verbatim] by Pat Darnell

Although Ponzi served all comers, a majority of his customers shared his Italian roots. He never advertised and spoke to reporters only after he was a huge success, relying instead on his paisanos to spread news of his wizardry. As Ponzi walked through a crowd one day, a woman yelled: "You're the greatest Italian in history!" Ponzi demurred, saying he was only the third-greatest: "Christopher Columbus discovered America and Marconi discovered the wireless." But another fan answered: "You discovered the money!"

If the allegations against Madoff are true - he reportedly admitted that his $50 billion business was "basically, a giant Ponzi scheme" - he borrowed key ideas from Ponzi and tailored others to fit a different age.

Madoff and Ponzi: Reflections of their times
[SOURCE]
By Mitchell Zuckoff | December 21, 2008
BEYOND a taste for expensive suits and fancy financial footwork, Bernard Madoff and Charles Ponzi might at first seem to have little in common.

Equally telling is the way both men allegedly exploited investors' motivations, using mirror-image strategies.

Ponzi maximized post-World War I populist resentments against Boston Brahmins, telling reporters: "The truth is, bankers and businessmen have been doing plenty for themselves under the present banking systems, but they have done little for anybody else." His investors cheered and rained money.

Madoff took a 21st-century approach, tapping into an anti-populist desire for exclusive access. His arrest unleashed stories of wealthy people who begged to invest and others who joined his country clubs to win his favor. The absence of volatility in his returns further convinced his select investors that they were in on something special.

Mitchell Zuckoff is a professor of journalism at Boston University and author of "Ponzi's Scheme: The True Story of a Financial Legend."
© Copyright 2008 Globe Newspaper Company.


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