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Victims Would Like All of Ruth Madoff's Money, Thanks
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Uncle_Billy_Slumming
07/30/09

In reply to Victims Would Like All of Ruth Madoff's Money, Thanks
Punishment to fit the crime? Tongue-Kissing booth at a homeless shelter?
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wundersmack
07/30/09

In reply to Victims Would Like All of Ruth Madoff's Money, Thanks
I mean, I just want ONE lousy million. Is that so hard?
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EdricJalookhi
07/30/09

In reply to Victims Would Like All of Ruth Madoff's Money, Thanks
I think the issue is (or should be) Ruth's potential future earnings. You just now the bitch is coming out with a tell-all multi-million book deal in a few years after the reality of living like the poors hits home.
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The Real JR
07/30/09

@EdricJalookhi: I'm pretty sure that the victims and their lawyers will be shadowing Ruth and her potential earnings (even down to extra fries if she super sizes for a better deal) much like the Goldman family had been all up OJ's ass until a motherfucker thought he could ROB from HIM.
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anxiogenic
07/30/09

In reply to Victims Would Like All of Ruth Madoff's Money, Thanks
This is absurd. What about the people who made money through Madoff? A lot of 'investors' made money back through the scheme, some no doubt cashed out while the scheme was still functioning and made loads of money through it. A ponzi scheme functions very well up until the point that it doesn't. Shouldn't those people also be sued? They are living off stolen money.
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depardoo
07/30/09

@anxiogenic:

Earlier this year, Picard was attempting to "claw back" money from investors who had cashed out. I don't know whether any of those attempts succeeded.
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wundersmack
07/30/09

@anxiogenic: Yes, many of the investors lived very large -- see Vanity Fair's Madoff articles, parts 1 & 2. They had lifestyles and wealth unimaginable to most of us. When the party came to an end, they became "victims" even though they benefitted from the ponzi scheme. But since they were merely greedy and weren't the brains of the ill-gotten operation, they can't be sued. Really, they should be chuckling over how long they rode the tide, instead of whining about what they "lost."
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Muggs Bigglesworth
07/30/09

@anxiogenic: What's absurd is that Ruth Madoff believes she is somehow entitled to multiple millions of dollars for being married to a criminal while he was actively doing crime.
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Moff
07/30/09

@Muggs Bigglesworth: That's not really much more absurd than my believing I'm entitled to multiple of millions of dollars just for being fuckin' awesome. Which I do.
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The_Lovely_Miss_Bronx
07/30/09

In reply to Victims Would Like All of Ruth Madoff's Money, Thanks
How long before Ruth shows up hawking replica jewelry on a home shopping channel. "And THIS lovely piece was inspired by one that Bernie bought me with funds intended for Elie Wiesel's charitable foundation . . ."
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Edited by The_Lovely_Miss_Bronx at 07/30/09 10:14 AM

TroisFilles
07/30/09

@The_Lovely_Miss_Bronx: Holocaustume jewelry?
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You Cannot Untoast
07/30/09

In reply to Victims Would Like All of Ruth Madoff's Money, Thanks
I suppose I'd be more sympathetic to her she didn't always look an angry Gollum in a wig.
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aLostLady
07/30/09

@You Cannot Untoast: Right? I always thought she was rather garden gnome-esque.
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aLostLady
07/30/09

@aLostLady: Also, this.
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Moff
07/30/09

In reply to Victims Would Like All of Ruth Madoff's Money, Thanks
"Ask her for change"? What does it take? What does it take to change the essence of a woman?
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depardoo
07/30/09

@Moff:

That question sounds like a perfume ad. The answer: "Chanel No. 150".
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BadUncle
06/25/09

In reply to World's Last Millionaires Own Us All
So, where did all the money go? I mean, if you have losers, shouldn't there be winners?
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92BuickLeSabre
06/25/09

@BadUncle: Not if the value didn't really (or no longer exists). I purchase a painting from you for $500 on credit and you purchase a painting from me for $400 on credit. Then we go to sell our paintings to someone else.

But it turns out we were the only idiots that liked these paintings. And that material we both thought was canvas? Construction paper! My painting sells for $200 and your painting sells for $200.

Now I owe you $300 that I don't have and you owe me $200 that you don't have. So at the end of the day, you are broke, and I'm $100 in debt.

It gets even more complicated if I sold the painting to you today but sold it to someone else for three weeks from now under the mathematical assumption that I would have it back. Or I sold it to you when I didn't have it at all because we trade so many paintings that I assumed that "these things all even out in the end." Or I actually only sold you 1000 1/1000ths of 1000 different paintings and 1/3 of them lost value even if others were masterpieces.

The other two people are dead even with $200 paintings that cost them $200.

So nobody wins and some people lose.

(Except for when the guy who bought the $200 painting bought it in the future at that price _before_ he sold it to you for $700. Those guys made a killing.)
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nozer
06/25/09

In reply to World's Last Millionaires Own Us All
I'm actually surprised to know that only 8.6 million people in the world are millionaires. I guess it's because they make up 90% of the news and other media.

The other 10% being poor people gone wild.

It makes me feel better to have a net worth around -$30,000 (thanks, NYU!).
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BadUncle
06/25/09

@nozer: and yet it seems like every home in the US is going for at least $1MM.
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MrInBetween
06/08/09

In reply to Bright Idea Saves Newspapers
You want a out-of-work journalist to come to your house every morning and read the paper to you? That's $45 a year.
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Cheap Shot
06/08/09

In reply to Bright Idea Saves Newspapers
All somebody has to do is obtain a membership, copy content and put it out there for free. The future seems to be shaping up where nobody has money but yet everything is free.
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Awesome X
06/08/09

@Cheap Shot: That's exactly where we're heading. I know young business owners who are more interested in drawing traffic to their business's website, tweets and Facebook presences than paying for advertising in print or on the web. If the "this group subscribes, this group buys ads, this group creates content" model is that broken, then kiss everything as we know it goodbye. That said, I'm not convinced what replaces it will be awful, although awful is definitely a possibility.
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Dave J.
06/08/09

In reply to Bright Idea Saves Newspapers
This is a great idea, as long as we're living in 1997. But 12 years later, everyone expects to get their news for free, so this will not work at all.
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depardoo
06/08/09

In reply to Bright Idea Saves Newspapers
Doesn't the last scene of "Heaven's Gate" take place in Newport? Coincidence? I think not.
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naugahydeinplainsight
06/08/09

In reply to Bright Idea Saves Newspapers
Don't want the print OR electronic edition? That'll be $445 a year. (Now that's how to save the newspaper industry!)
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Richard Lawson
06/08/09

In reply to Bright Idea Saves Newspapers
A make it or Breakers kind of plan.
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