21-12-2008, 03:50 PM
Mark Stapleton Wrote:I think the difference is that Madoff has ripped off mostly rich investors, whereas the normal corporate world mostly just robs the masses.
The rich hate being robbed by one of their own. There'll be fire and brimstone fury over this, but out of the public gaze.
Exactly right Mark. Enron was, IMO, much worse morally. It victimized employees/working stiffs in addition to pensioners and of course stock owners. The employees were not in it to gamble, they were just trying to work for an honest buck.
Whereas Madoff investors were gamblers. That's what investment at that level is. It's more of a gamble than it should be due to the lack of proper regulation in the post-JFK era, but it's still gambling and participants should know that.
Madoff messed with the wrong people and Kenny Boy didn't.
As an aside, how many here believe that Kenny Boy is alive and well and that the timing if his "death" is simply incredible? I do.