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View Diary: Where did the bailout money go?? And why aren't we more pissed about it? (73 comments)

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  •  Sitting at the coffeeshop (4+ / 0-)

    So I have been sipping coffee, reading comments, posting, and I just picked up on the conversation of the 3 elderly gentleman next to me; it is all about the bailout and corruption of the banks!  So the question is, if we all KNOW about it and are pissed, what the heck can we do about it?

    •  Madoff (2+ / 0-)
      Recommended by:
      yoduuuh do or do not, JG in MD

      So one of the gentlemen(they are all Greek immigrants)was telling the others that Madoff was investigated years ago, but that the people investigating him were afraid and wanted protection before they could continue.  That is hearsay, but I thought it was interesting.  I wonder what a billionaire would do to keep his wealth.  If I had one billion dollars, and I needed someone shut up and paid $1million for a hitman, that would represent 0.1 % of my wealth.  And that is probably paying too much.

      •  Expect more of this as Madoff sits in his $7 (2+ / 0-)
        Recommended by:
        PsychoSavannah, DrFaustus

        million dollar home on bail....while someone that got caught smoking a joint in Georgia, rots in a jail cell.  

        From Huffington Post:

        A friend of French money manager Thierry de la Villehuchet told a paper that he committed suicide in his New York office this week. His death has been confirmed by the medical examiner and there are reports he had razor cuts and sleeping pills.

        Villehuchet had plowed over a billion dollars he managed into Bernie Madoff's Ponzi scheme.

           Villehuchet, 65, was the co-founder of Access International, a company that raised funds on European markets to invest with Madoff, the former pillar of Wall Street accused of running a multi-billion-dollar Ponzi scheme.

        BTW, the SEC has been completely guilty of 'looking the other way' while all this was going on. According to an article I read, there are accounts of many of them 'watching porn and running their own private business' when they were suppose to be making certain 'we was not getting robbed.'  More of the Bush legacy that will be included in the Bush Lie-berry.  Section Name: How Did WE Get Here...aka...It Weren't My Fault....I was playing with Barney when all that happened.

        "Government is the entertainment division of the military industrial complex." --The late Frank Zappa

        by Badabing on Tue Dec 23, 2008 at 12:19:18 PM PST

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