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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (174313)12/29/2008 4:08:47 PM
From: Lizzie TudorRead Replies (2) of 306849
 
plus the real problem with Madoff is I'll bet they figure out that he was NOT a Ponzi scheme until sometime in this decade. His prior returns in the roaring bull market were probably accurate. thats the way it usually goes. He was chair of NASD when the Nasdaq indices were around 200 pts. All he every saw was a bull in that until 2001. Just like Bill Miller, one strategy returned colossal results until the government takes so many wrong turns we are back in the 70s. But by the time they recognize this its too late.

Why would Madoff have STARTED OUT with a Ponzi scheme? There was no reason for it. No, I think he had a big name a big fund and a big image/ego, and he made a few bad bets and wiped himself out. Probably this decade sometime.
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