Tag Archives: Madoff

HEADLINES FROM THE WORLD PRESS

Each day we offer a sample of headlines that appeared in the world press along with our comments.

UAE, Khaleej Times: “100,000 Italian Women Offended By Belusconi”
That’s all?

Canada, Toronto Star: “Boy Only School Not Segregation”
But, I assume a girl only school would be viewed as segregation.

Australia, Sydney Morning Herald: “Woman Raped During Surgery”
This is what is termed an intrusive surgery.

Sweden, The Local: “Starbucks For Sweden”
Well, at least they held out till now before getting exposed to this horrible coffee.

Qatar, Gulf Times: “Suffering In Silence”
American youth’s reaction to being screwed by business and government.

Saudi Arabia, Saudi Gazette: ‘Kuwait Wives Get Passports Without Husband Approval”
I have always wondered, do Kuwait or Saudi wives have to get permission to go to the toilet.

UK, Guardian: “Women Trampled To Death By Cows”
I guess that is the price of cold hands on cow tits in the morning.

Finland, Helsinki Times: “Hope, Greed, Fraud”
The motto of Wall Street financiers.

New Zealand, New Zealand Herald: “Murderer And Rapist Recaptured”
I wonder if either did their thing on the other.

South Africa, Argus: “Everyone Involved Is A Loser”
The American people who purchased homes or invested with Madoff.

Bernard Madoff-Poster Boy For Capitalism?

A host of wealthy people are shook by revelation the investment firm of Bernard Madoff is all a hoax and was conducted with mirrors and slight of hand. Dozens of Jewish organizations and famous people like Steven Spielberg or Mort Zuckerman were conned into believing the nice man who one met at the country club was, in actuality, the greatest con man in the history of con jobs. Mr. Madoff finally confessed last week his business was “all one great big lie” and that his investment returns were false and he had been paying old clients with the money of new ones year after year. For 48 years, the hustler was respected on Wall Street as among the most astute investors. Federal judge Louis Stanton ordered that investors draw upon a special government fund set up to protect investors at failed brokerage firms.

Bernie Madoff is a con man, extraordinarie. The issue is whether those who were conned are entitled to a government bail out. Each year, millions of dollars are conned out of Americans by the Nigerian swindle but those who invest in a false hope of gaining millions for few thousand dollars wind up with nothing. Each day, somewhere in America someone is conned by a salesperson or enters into a contract to get a stove that makes them pay twice the cost of the stove. The difference in capitalism is those with enormous wealth who get conned while those with little not only get conned but they lose everything.

No one sheds a tear for the poor schumuck who got conned into buying that lousy car, but if your name is among the elite of America, federal judges will swing into action and make certain your stupidity is somehow rewarded. Ah, the fairness of capitalism in action.