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DarkMath ago

"seem to be decent people caught up in something that they did not fully comprehend."

Truer words have never been said. That's almost always how these thing get going. It reminds me a lot of the Bernie Madoff scandal. It looks like Bernie made a few mistakes and thought he'd get cute and cook the books for a quarter or two until he caught back up. Sometimes people catch up but sometimes they don't. The ones that don't have a choice of going bankrupt, selling all the toys, admitting you cooked the books and spending 6 months at Camp Fed.

Or they keep it going for 2 more then 4 then 8 and the rest is History. Bernie didn't start off saying to himself "I am going to spend the rest of my life trying to pull off the biggest Ponzi scheme in recorded History.".

:-D

sunshine702 ago

People out of Boston did catch Bernie YEARS before when they tried to match his results and realized what was going on. The SEC and the Fed covered it up. Excellent dicumentary "Chasing Bernie"

DarkMath ago

Yep. Harry Markopolos first discovered Madoff was cooking the books in 2000 and the SEC ignored him every time he contact them.

Today with all we now know about the upper echelons of power and the fact that psychopathy appears to float up there along with the crème de la crème I wonder whether the SEC really wanted to find out what happened.

Whatever the case I have a sneaky suspicion the imminent collapse of the Deep State may precipitate out some more Bernie Madoffs. I get the impression this fucker's gonna shake the very foundations of our Republic.