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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%4:00 PM EST

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To: TobagoJack who wrote (43819)12/14/2008 3:36:59 AM
From: Snowshoe  Read Replies (1) of 219665
 
>>accumulators... the losses come to us$ 150 billion, 3x madoff damage.<<

OK, the fluttering eyelashes win!

BTW, some of Madoff's hedge fund clients levered up their capital 3x or 4x to invest with him. The margin clerks will be sharpening their knives and scalpels over the weekend.

Some of the hedgies and contacts who steered clients to Madoff may be facing lawsuits soon.

Investors who got out of the Ponzi scheme before the collapse may be shocked to find their funds subject to seizure, escrow and eventual forfeiture.

I think Ben is going to need bigger helicopter.
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