How could he?
How could a man even in the greatest of distress leave his 2 year old son alone and deny him a father?
What kind of a selfish monster could do that to a little boy. Even most animals will never leave their young till they can fend for themselves. He had an upbringing that looked at money as the ultimate goal, people were not important. His father the most famous swindler that may of ever walked the face of the earth destroyed peoples lives. This is all true but the father may have had a plan to extricate himself from his giant mess but things just got out of hand. What the son did was worse than the father! The son knowingly abandoned his baby son and as the coward that he was took his own life.
He of course could not and should not be blamed for the deeds of his father but he certainly can be blamed for being so selfish to his own children.
The Bernie Madoff story started out a little funny in the beginning then turned sour. It then became a nightmare and has turned into a monstrous tragedy.
Bernie destroyed his own life even more than he destroyed other lives.
For some it’s really all about money.
Showing posts with label Bernie Madoff. Show all posts
Showing posts with label Bernie Madoff. Show all posts
Sunday, December 12, 2010
Sunday, March 15, 2009
Madoff and the Market
Madoff and the Market
As the world was intrigued by Bernie Madoffs new living quarters in lower Manhattan the stock market continued on its mini rally of four days. It was a bit ironic that the day he was incarcerated the market went up. Bernie certainly had a hand in the market going down for a number of reasons. To begin with many peoples financial portfolios were devastated by Madoff making them sell of stock to cover pressing money needs. This of course pushed the market down further. But his was the least of Bernies contribution to the present crisis. Trust is everything in the stock market and in people who handle other peoples money. Bernie was the symbol of trust for so many and this mistrust and fear is keeping the market from rectifying itself. Bernie not only swindled his direct clients but his face is still instilling fear in future investors. The “ Madoff Element “ will continue to prey upon the future of the market until there is a fundamental change in the prime loan system that ignited the mess to begin with. There are great opportunities for many to recover losses suffered by the downturn of the market. In a bizarre way Bernie could probably help many of those he destroyed make their money back. He will not get that chance. A smart Judge would let Bernie use a computer as a day trader and give 95% of his earning back to his former clients.
It won’t happen.
To bad.
As the world was intrigued by Bernie Madoffs new living quarters in lower Manhattan the stock market continued on its mini rally of four days. It was a bit ironic that the day he was incarcerated the market went up. Bernie certainly had a hand in the market going down for a number of reasons. To begin with many peoples financial portfolios were devastated by Madoff making them sell of stock to cover pressing money needs. This of course pushed the market down further. But his was the least of Bernies contribution to the present crisis. Trust is everything in the stock market and in people who handle other peoples money. Bernie was the symbol of trust for so many and this mistrust and fear is keeping the market from rectifying itself. Bernie not only swindled his direct clients but his face is still instilling fear in future investors. The “ Madoff Element “ will continue to prey upon the future of the market until there is a fundamental change in the prime loan system that ignited the mess to begin with. There are great opportunities for many to recover losses suffered by the downturn of the market. In a bizarre way Bernie could probably help many of those he destroyed make their money back. He will not get that chance. A smart Judge would let Bernie use a computer as a day trader and give 95% of his earning back to his former clients.
It won’t happen.
To bad.
Subscribe to:
Posts (Atom)
Posts
