The Tycoon Report

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34. Eydie (1 year ago) Is this Spam?

    I love Teeka Tiwari's overview about Madoff. However, I do feel we are already in economic obscurity. The federal banking and congress has already borrowed against time and time has prevailed. What do we have, gentlemen of Madoff's stature stealing from the American people, congress putting themselves in an American pickle with foreign banking. Remember our government and past presidents created all the deceit. I would love to see how one man is going to get us out of this mess. It wont happen, but Obama will try like hell, because he has the ambition, intelligence and spirituality to do it. However, you cannot teach a old dog new tricks. Unfortunately, for Obama our government or Congress has made previous mistakes with interest rates, foreign banking investments, credit, and political overviews. obama has now inherited these concerns, but when a committee as the whole, cannot agree on topics of priority for an American resolution than unity, humanity, and accomplishments are not their focus. The media or movies always shows the good guys winning. However, with our Congress being the majority, Superman Obama cannot defeat the crooks within. However, being the honest, loving, intelligent, and humble great man that he is, Obama will try like hell and that deserves heroism in my eyes.

33. Steve (1 year ago) Is this Spam?

    Madoff's bail inappropriate because he stole so much (allegedly)?
    
    
    
    
    
    Please.
    
    
    
    
    
    The purpose of bail is not to punish. It is to assure appearance at trial, which should not be a problem in this case unless Madoff saves the government the money by suicide. Don't forget that has wasn't caught. He confessed to persons within his firm, who turned him in.
    
    
    
    Since President Nixon's "law and order" propaganda blitz, many states and the federal government amended their constitutions and laws to allow consideration of danger to the community in setting bail.
    
    
    
    Whatever you think of that expansion of the purpose of bail, it still does not apply to Madoff. Whose money do you think he will be managing between now and his trial?
    
    
    
    As long as I'm complaining about misrepresentation of the criminal justice system in this article, I would like to add that the criminal justice system has almost nothing to do with the honesty or not on Wall Street.
    
    
    
    Do you refrain from robbing and raping and killing because it's illegal?
    
    
    
    Me either.

32. Dr. (1 year ago) Is this Spam?

    Your review of the situation is correct. I would say that it will take several generations to repair the damage. Greed always has a host. In this case the host is clearly congress. Congress has set the path and those who follow the path are rewarded by being over looked while those who do not follow the path are punished until they fall in line. There are numerous examples of congrssional action followed by tragic damage to the people of the country. Remember the motto: CNN = politics

31. john (1 year ago) Is this Spam?

    CAUSING TOO GREAT HARM TO EVER BE PERMITTED FREEDOM:
    
    EXECUTION PREPARATIONS BEING MADE FOR YOU, MADOFF, ALONG WITH YOUR COLLABORATORS!
    
    
    
    In the meantime, place both of the Mr & Mrs Madoff scheming, scamming, plotting parasites, on the front lines in Afghanistan, so they can fight terrorism, and draft each and every member of their family for US military service, in order that they may at least serve their country, and protect the millions of their victims' lives who they have destroyed financially.
    
    
    
    Posted by mrjustice1 at 08:55 AM : Dec 18, 2008

30. emdfl (1 year ago) Is this Spam?

    You forgot to mention that he had the government Ponzi-scheme known as social security to go by. Compared to that one, he is just another small-time operator, heh, heh.

29. john (1 year ago) Is this Spam?

    A.) TIME TO REPLACE CURRENT VALUES AND TEACH SOUND ONES
    
    B.) CONFISCATION AND REDISTRIBUTION OF WRONGFULLY ACQUIRED MONEYS, PROPERTIES AND ASSETS
    
    C.) CESSATION OF AND OPENING UP OF CURRENT, OFFSHORE, AND SECRET BANK ACCOUNTS REQUIRED
    
    We, by our greed and perverted values of acquiring more and more money and material things over better human relations and consideration of others, over consideration of our ecosystems, etc, have created an enormous percentage of crooked, parasitic, individuals in our country, and in turn, set a poor example for the entire world - from the common laborer to our top pols and business leaders.
    
    In addition, our high-government, local and national, elected officials, are all too often in bed with said, crooked business leaders and with 'financier-parasites'.
    
    Severe, long-term prison terms with HARD LABOR as well as executions for many of these so-called investment bankers, brokers, financiers, real estate agents and principles, along with their lawyers and their accountants who wrongfully and/or criminally aided and abetted said crooked, parasitic, 'financiers', thereby destroying entire futures and entire lives of hundreds of millions of people MUST BE handed down by what is left of our pitiful, corrupt, collaborative, judiciary. If not, we can expect the worst disrespect for our already unfair laws, as well as a volatile and even violent breakdown of our system throughout America.

28. matan (1 year ago) Is this Spam?

    Oh and here's the Thomas Jefferson Quote you mentioned:
    
    
    
    "The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale."
    
    
    
    But one I like also is...
    
    
    
    "We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty or profusion and servitude. If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our calling and our creeds...[we will] have no time to think, no means of calling our miss-managers to account but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers... And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for[ another]... till the bulk of society is reduced to be mere automatons of misery... And the fore-horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression."

27. matan (1 year ago) Is this Spam?

    Dale Q,
    
    
    
    I'd like to start off saying that your comments are very accurate and thank you for starting off by attacking the source of the problem. I have studied the history of this mess dating back to 1913 when W.Wilson secured passage of the Federal Reserve system in exchange for campaign support -he was actually blackmailed. He later admitted to this by saying, in so many words; he betrayed the American people and the U.S., as our four father's intended, was indefinitely at stake.
    
    
    
    What I wanted to add is the name Andrew Jackson, who in 1832-33 vetoed the central bank's charter. In short, The Second Bank of the United States was authorized for a twenty year period during James Madison's tenure in 1816. As President, Jackson worked to rescind the bank's federal charter. In Jackson's veto message, the bank needed to be abolished because:
    
    
    
    -It concentrated the nation's financial strength in a single institution.
    
    
    
    -It exposed the government to control by foreign interests.
    
    
    
    -It served mainly to make the rich richer.
    
    
    
    -It exercised too much control over members of Congress.
    
    
    
    -It favored northeastern states over southern and western states.
    
    
    
    In other words, exactly what is happing RIGHT NOW!
    
    
    
    God Bless America. The question is NOT, can this system continue BUT how long can it last?
    
    
    
    No economy can sustain itself on fiat currency when every dollar printed is based on debt (or interest accrued). That means every dollar in your pocket is owed to someone somewhere. In other words no dollar is debt free.
    
    
    
    If China was a bank and it had a mortgage on your house. Who do you think owns the house? You or China Bank? We all know the answer to that.
    
    My point is, the central bank (or Federal Reserve; a privately owned bank -don't let the word Federal fool you) has sold America (aka American Resources) indirectly by selling US Bonds/Treasuries to support excess spending to benefit other rich individuals.
    
    Communist China has a 20% mortgage on America but when you include all foreign nations its over 70%! In other words over 70% of US debt is owned by foreign countries. So who owns the US? NOT THE AMERICAN PEOPLE. We The People need to speak out and demand that a new system replace the current debunked one.

26. Don (1 year ago) Is this Spam?

    It is difficult to believe the limits of immorality this nation has plumbed. I blame our liberal educators who teach that there is no such thing as "right" or "wrong," our liberal press which shouts that America is the world's problem nation, and our liberal government which shows by example that whatever one does to "win" and obtain power is okay. I predict that the system which fostered such criminal behavior will not punish it.

25. Barbara (1 year ago) Is this Spam?

    Teeka,
    
    You say it all so right and well. It's hard to trust in a system that will allow us to be blind sighted while we are busy working to support our households.

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