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question everything (1000+ posts) Send PM | Profile | Ignore | Tue Sep-22-09 06:05 PM Original message |
Government: Half of Madoff accounts show no loss |
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Skink (1000+ posts) Send PM | Profile | Ignore | Tue Sep-22-09 06:31 PM Response to Original message |
1. So Madoff even had the credit to make loans. |
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The_Casual_Observer (1000+ posts) Send PM | Profile | Ignore | Tue Sep-22-09 06:36 PM Response to Reply #1 |
2. His credit was in the form of new investors. |
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DavidDvorkin (1000+ posts) Send PM | Profile | Ignore | Tue Sep-22-09 06:50 PM Response to Original message |
3. Their profits came from the investments of the other half, I assume. |
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Endangered Specie (1000+ posts) Send PM | Profile | Ignore | Wed Sep-23-09 12:00 AM Response to Reply #3 |
8. pretty much, thats the whole idea of a Ponzi scheme |
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Travis_0004 (417 posts) Send PM | Profile | Ignore | Tue Sep-22-09 07:17 PM Response to Original message |
4. I still think they had a loss |
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truedelphi (1000+ posts) Send PM | Profile | Ignore | Tue Sep-22-09 08:42 PM Response to Reply #4 |
5. That's a good point. Probably not a point Madoff's attorneys will be |
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question everything (1000+ posts) Send PM | Profile | Ignore | Tue Sep-22-09 10:30 PM Response to Reply #4 |
7. Agree, and I was thinking in higher numbers |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Wed Sep-23-09 12:36 PM Response to Reply #4 |
9. BS. That's the mindset that makes ponzi schemes possible |
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saracat (1000+ posts) Send PM | Profile | Ignore | Tue Sep-22-09 10:14 PM Response to Original message |
6. This isn't surprising. I would suspect there is a lot of fraud floating around as well. Where there |
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