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Subject: Fifty. Billion. Dollars.

Written By: Foo Bar on 12/12/08 at 1:33 am

Just when I thought I'd seen it all, a former NASDAQ board member has just been brought up on charges of running a pyramid scheme that burned up 50 billion dollars in capital.

Impressive, if for nothing else, then for audacity.  Wonder how many legitimate hedge funds are going to be hit with redemption notices from panicked investors over the next week, and how much more forced selling that's going to add to the markets, and how many 401(k) and defined benefit pension fund managers are going to be washed out as a result of those sales?

Fifty billion dollars in outright fraud.  That's gotta be a record, even by Enron standards.

Subject: Re: Fifty. Billion. Dollars.

Written By: Red Ant on 12/12/08 at 2:20 am


Just when I thought I'd seen it all, a former NASDAQ board member has just been brought up on charges of running a pyramid scheme that burned up 50 billion dollars in capital.


He runs Social Security?

Sounds like he might be charged with "UnLOLful distribution of funds".

If you lose less than 49 billion dollars and can be considered a winner, you are in a world of fail.

Ant

Subject: Re: Fifty. Billion. Dollars.

Written By: Foo Bar on 12/12/08 at 2:30 am


He runs Social Security?


OK, compared to that, he's an amateur.


Sounds like he might be charged with "UnLOLful distribution of funds".

If you lose less than 49 billion dollars and can be considered a winner, you are in a world of fail.


http://i96.photobucket.com/albums/l186/elvisaintdead/frog-excellent-1.jpg

Quoted and frogged for truth.  Looks like 11 billionaires took a bath for a collective $17B, but that's enough to scare the hell out of another few hundred billionaires...

Subject: Re: Fifty. Billion. Dollars.

Written By: Red Ant on 12/12/08 at 2:48 am


http://i96.photobucket.com/albums/l186/elvisaintdead/frog-excellent-1.jpg

Quoted and frogged for truth.  Looks like 11 billionaires took a bath for a collective $17B, but that's enough to scare the hell out of another few hundred billionaires...


If all you do wrong today is manage to get TitQB, then you not only win, I declare you intergalactic champion of all things which do not suck.

Is the frog a new meme?

Ant

Subject: Re: Fifty. Billion. Dollars.

Written By: Tia on 12/12/08 at 10:48 am

i have nothing worthwhile to add to this conversation, as money is one of those things about which i know nothing, except that i know 50 billion dollars is rather a lot, but i feel the need to post so it comes up on my list of new replies.

scared billionaires seems like exactly what we need right now. the working stiffs appear to be scared enough already.

Subject: Re: Fifty. Billion. Dollars.

Written By: MaxwellSmart on 12/12/08 at 11:31 pm

"It's mine, not yours, get down on all fours!
"It's long and hard....."
--Men Without Hats

:D

Subject: Re: Fifty. Billion. Dollars.

Written By: Green Lantern on 12/12/08 at 11:54 pm


i have nothing worthwhile to add to this conversation


Same here,  ... and WOULD you expect anything less from <                               :D


















Oh yes, I DID like that 'unLOLful' pun !       ;D

Subject: Re: Fifty. Billion. Dollars.

Written By: Foo Bar on 12/12/08 at 11:57 pm


Is the frog a new meme?


It is now ;)

Subject: Re: Fifty. Billion. Dollars.

Written By: danootaandme on 12/13/08 at 7:57 am



scared billionaires seems like exactly what we need right now. the working stiffs appear to be scared enough already.




We need scared billionaires, and even more millionaires clipping coupons while searching for work.  I have decided that I will not take the high road and when people I know who voted for bush cry or whine about the state of things, I ask the who they voted for twice


That is letting them off easy, what I really would like to do is kick them in the nuts and leave them wimpering in the corner

Subject: Re: Fifty. Billion. Dollars.

Written By: Macphisto on 12/13/08 at 7:00 pm


We need scared billionaires, and even more millionaires clipping coupons while searching for work.  I have decided that I will not take the high road and when people I know who voted for bush cry or whine about the state of things, I ask the who they voted for twice


That is letting them off easy, what I really would like to do is kick them in the nuts and leave them wimpering in the corner


I hate Bush as much as the next guy, but Bernard Madoff contributes a lot more to Democrats than Republicans.

http://www.newsmeat.com/fec/bystate_detail.php?st=NY&last=MADOFF&first=BERNARD

The problem is that the richest people in the world know how to hedge their bets when it comes to corruption.  The key is to invest in BOTH parties.  The smartest of the elite rich realize that both sides can be bought.  All you need is the money (and a complete lack of ethics).

Still, I do have a little faith that Obama might actually change things a little.  It would be hard for him to do worse than Bush, and he's shown a rare sensibility in his moderate approach to forming his Cabinet.

Subject: Re: Fifty. Billion. Dollars.

Written By: MaxwellSmart on 12/13/08 at 8:54 pm



The problem is that the richest people in the world know how to hedge their bets when it comes to corruption.  The key is to invest in BOTH parties.  The smartest of the elite rich realize that both sides can be bought.  All you need is the money (and a complete lack of ethics).




The rich are allowed to hedge and leverage.  That's who the entire economic system is set up to benefit!
::)

Subject: Re: Fifty. Billion. Dollars.

Written By: LyricBoy on 12/13/08 at 9:01 pm

$50,000,000,000  :o

Damn, that guy must have partied Big Willy Style.

I wonder where the heck all that dough went?  I have to think he simply lost it all in bad trades.  I mean, shoot, it would be awful hard to simply party and buy alot of crap with $50Bil.  :-\\

Subject: Re: Fifty. Billion. Dollars.

Written By: MaxwellSmart on 12/13/08 at 9:16 pm


$50,000,000,000   :o

Damn, that guy must have partied Big Willy Style.

I wonder where the heck all that dough went?  I have to think he simply lost it all in bad trades.  I mean, shoot, it would be awful hard to simply party and buy alot of crap with $50Bil.  :-\\


What's "Big Willy Style" and do I wanna know?
???

Subject: Re: Fifty. Billion. Dollars.

Written By: LyricBoy on 12/13/08 at 9:20 pm


What's "Big Willy Style" and do I wanna know?
???


this one goes out to all the big willies

big Will the high roller
strolling through with an entoruage
hard to camaflouge when you livin' this large
I be smooth like debarge with a five car garage
out for the night with my squad and we be flossin' down the fifteen
my whole auroa gleamin'
who that kid in the green v
envy brother schemin'
I ain't thinkin' bout them
racing chicks in the pink b.m.
with my speakers tweakin'
freakin' off this weekend
in Las Vegas boss players all across the board move makers and shakers
money can't break us but the places it can take us
big will in the limelight rhyme tight
and we gon' have some fun tonight

Chorus:

now how we do it
(you know it's Big Willie style baby)
now how we doin' it
(you know it's Big Willie style)
repeat

Verse 2:

I'm in a five star casino shuttin' crap tables down (boom)
non bettin' willie watchers standin' around
strictly millionaire status you can feel the eyes lookin' at us
how bad they wanna be us (parlay)
Charlie Mack got my back with his eyes on my stack
brothers don't know how to act when you drive a four-five black
people stop and stare havin' drinks at the bar
a round for everybody with these big willie cards
from civllians to stars they wanna know who we are
it's me big Will Nas Escobar J.L. Omar
carry money bags collect the chips then we all quick to exit

Chorus

Verse 3: Left Eye

It's Left Eye with a tight crew
representin' like it's ladies night
comin' right through
don't be spiteful
plus an eyeful
sportin' hot pink
rocks in the link
in the drop with a mink
like my ------ don't stink
got you in the palm with a bomb like Sadamm
blowing up spots then runnin' off with the pot
Left Eye ready for action
the main attraction
I'm in the fast lane passin'
breakin' you down like fractions
while we be rappin' about things that really happen
big willie style Philly style let's make it happen
with mademouselle from gezals to versace
with a sweet smell
this female leadin' the posse
got jokes like Cosby
in the lots where the cars be
with no apologies it's Left Eye
big Will let the champagne spill
is it a mans thing for real
can us girls roll wit yall
what the deal

Chorus

Verse 4:
well now it's lookin' like a car show
convoys and whips on the strip
pullin' up in the six makin' brothers sick
for real
big Will household name
entertainer
gold handle cane and matchin' gators
swervin' lane
in pole position rolling deep like a co-malition
in soul poisition and can rock a whole convention
movie screens to the club scene
my whole crew lookin' clean
shine with a diamond gleam
step above where the players be
don't hate me
one is where they rate me
lately you could find me
behind the door marked V.I.P.
eating grapes under the A.C.
big willie style is how we do it

Chorus

this one goes out to all the big willies

Subject: Re: Fifty. Billion. Dollars.

Written By: Green Lantern on 12/13/08 at 9:26 pm


I hate Bush as much as the next guy.




I wonder if Dubbya's dad .... is one of the 'next guys'    ::)      ;)                      :P            ;D

Subject: Re: Fifty. Billion. Dollars.

Written By: danootaandme on 12/14/08 at 7:36 am




I wonder if Dubbya's dad .... is one of the 'next guys'    ::)       ;)                       :P             ;D


He is in my line up

Subject: Re: Fifty. Billion. Dollars.

Written By: MaxwellSmart on 12/15/08 at 1:33 am

I was, uh, right on the second guss...

Subject: Re: Fifty. Billion. Dollars.

Written By: danootaandme on 12/20/08 at 7:35 am

Picower of Palm Beach, a foundation funded by Madoff lost half a billion to Madoff and is shutting down.  It funded brain research at MIT and diabetes research at Harvard Med. 

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