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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (174323)	12/29/2008 5:16:39 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

exactly. I didn't think about that decimal issue. So the timeline probably went something like this, - 2001: we've lost 40% of our value - 2002: "oh Sh!t" if we report these wipeout numbers we will be destroyed. Lets just make stuff up, keep collecting inflows and trade our way out of this when the market recovers to a roaring bull again 5 years later the roaring bull never came back. He needed to jump on board 10 or 20 googles or apples to make his money back. He could have done that in the 80s or 90s, not this decade. Then he was caught up in the scam, probably lying to himself about it until the day of reckoning this october.

To: patron_anejo_por_favor who wrote (174323)	12/29/2008 5:16:40 PM
From: Lizzie Tudor	Respond to of 306849

exactly. I didn't think about that decimal issue. So the timeline probably went something like this, - 2001: we've lost 40% of our value - 2002: "oh Sh!t" if we report these wipeout numbers we will be destroyed. Lets just make stuff up, keep collecting inflows and trade our way out of this when the market recovers to a roaring bull again 5 years later the roaring bull never came back. He needed to jump on board 10 or 20 googles or apples to make his money back. He could have done that in the 80s or 90s, not this decade. Then he was caught up in the scam, probably lying to himself about it until the day of reckoning this october.

To: patron_anejo_por_favor who wrote (174323)	12/29/2008 5:17:17 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

“What should have raised a red flag was that in 1987, when the market dropped, we still got our 20 percent return,” said Investor A, a man who began investing with Madoff around 1971. The investor currently lives in Manhattan and works in the real-estate business. He invested directly with Madoff in the 1970s, and received a guaranteed return of 20 percent annually, regardless of the market’s gyrations. The return never wavered, and the investor received 20 percent per year until 1992. Investor A brought several friends into Madoff’s gambit as investors, via Avellino & Bienes. While he continued to get 20 percent annual returns, paid out on a quarterly basis, A&B gave these friends 19 percent. “As the years went on, as people went in, they offered lower and lower percentages,” he said. “At the end, they were giving [investors] 13 percent.” He added that the investments were considered loans. “My 20 percent was considered interest income on a loan,” he said. “The tax returns treated it as interest income. That’s how Avellino and Bienes set it up.” mehtafiscal.wordpress.com