Results 1 to 7 of 7

Thread: Ex-Nasdaq chair arrested on fraud charge in NYC

  1. #1
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 03:22 PM
    Gender
    Lean
    Conservative
    Posts
    39,747

    Ex-Nasdaq chair arrested on fraud charge in NYC

    Bernard L. Madoff, once the chairman of NASDAQ, has been arrested for running a giant ponzi scheme that bilked investors out of more than 50 billion dollars.

    To the reporter:

    A ponzi scheme - You mean like the stock market, right?

    Article is here
    .
    The ghost of Jack Kevorkian for President's Physician: 2016

  2. #2
    Dispenser of Negativity
    Cold Highway's Avatar
    Join Date
    May 2007
    Location
    Newburgh, New York and World 8: Dark Land
    Last Seen
    12-24-12 @ 11:21 PM
    Gender
    Lean
    Libertarian
    Posts
    9,596
    Blog Entries
    7

    Re: Ex-Nasdaq chair arrested on fraud charge in NYC

    Im glad I never got involved with the stock market.
    Jackboots always come in matched pairs, a left boot and a right boot.

  3. #3
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Today @ 03:33 PM
    Gender
    Lean
    Centrist
    Posts
    29,090

    Re: Ex-Nasdaq chair arrested on fraud charge in NYC

    And the Republicans want less regulation....................
    PeteEU

  4. #4
    Global Moderator
    Silent Bob for President!

    RedAkston's Avatar
    Join Date
    Oct 2007
    Location
    Florida
    Last Seen
    Today @ 01:04 PM
    Gender
    Lean
    Independent
    Posts
    33,790
    Blog Entries
    4

    Re: Ex-Nasdaq chair arrested on fraud charge in NYC

    Quote Originally Posted by PeteEU View Post
    And the Republicans want less regulation....................
    Two things Petey - first, does this directly affect you and second, this has nothing to do with too much or a lack of regulation. Next time, try learning about the subject before you shove your foot in your mouth for the thousandth time.
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

  5. #5
    Banned
    Join Date
    Sep 2008
    Location
    New Orleans
    Last Seen
    05-06-11 @ 07:54 PM
    Gender
    Lean
    Moderate
    Posts
    3,082

    Re: Ex-Nasdaq chair arrested on fraud charge in NYC

    Quote Originally Posted by P/N View Post
    Two things Petey - first, does this directly affect you and second, this has nothing to do with too much or a lack of regulation. Next time, try learning about the subject before you shove your foot in your mouth for the thousandth time.
    Well also, what deregulation has there been? The last time there was any deregulation of the banking industry was that Glass - Siegel act in 1999.

    There has been no deregulation of the banks this decade. So why does Obama blame Bush's deregulation for the financial crisis?

  6. #6
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 03:22 PM
    Gender
    Lean
    Conservative
    Posts
    39,747

    Re: Ex-Nasdaq chair arrested on fraud charge in NYC

    Quote Originally Posted by sazerac View Post
    Well also, what deregulation has there been? The last time there was any deregulation of the banking industry was that Glass - Siegel act in 1999.

    There has been no deregulation of the banks this decade. So why does Obama blame Bush's deregulation for the financial crisis?
    For your information, the Glass-Steagall Act was passed in 1933, and was put there to wall off the insurance industry, stock market, and banking from each other, for the purpose of averting another Great Depression. Before 1929, banks could sell stocks, stock markets could act as banks, and insurance companies could invest in stocks and invest in bad mortgages. The Glass-Steagall Act made that illegal.

    All of that was undone by the REPUBLICAN Gramm-Leach-Bliley Act, passed in 1999 with the help of DEMOCRATS, which restored all of the conditions (same as before the crash of 1929) which led to our present recession. In addition, before 1999, under Bush Sr., and also under Clinton, the Glass-Steagall Act had been weakened 3 times.

    Article is here.
    The ghost of Jack Kevorkian for President's Physician: 2016

  7. #7
    Banned
    Join Date
    Oct 2008
    Last Seen
    01-23-09 @ 05:10 PM
    Lean
    Conservative
    Posts
    198

    Re: Ex-Nasdaq chair arrested on fraud charge in NYC

    So what's gonna happen? Little jail time or none, he will retreat to Europe or some isolated island where he put away a Billion on a off-shore "invisible" off radar account and live a life of luxury--justice. lol

    YouTube - Madoff Body Language

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •