taerkitty's blog: ambling paws, rambling jaws

http://news.bbc.co.uk/2/hi/business/7779442.stm

To summarize,

Bernard Madoff, the former chairman of the Nasdaq stock market has been arrested and charged with securities fraud, by running a hedge fund which ran up $50,000,000,000 of fraudulent losses...

It's just more corporate greed at the top, right? The numbers are staggering, but the motive is the same.

The big difference is that we are in the middle of a fecking depression. Where we would have just wagged our collective (middle) finger at him in better times, he is now a handy focal point for our collective fears and anger.

In the 80's, this would have won him a trip to Club Fed-ish minimum security facilities. Now, I'd not be surprised if people started heating the pitch and plucking the chickens...

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2008-12-12 9:23 AM Pundiocy: Someone Didn't Get the Memo (Yet More Corporate Greed) Previous Entry :: Next Entry Read/Post Comments (2) Share on Facebook	http://news.bbc.co.uk/2/hi/business/7779442.stm To summarize, Bernard Madoff, the former chairman of the Nasdaq stock market has been arrested and charged with securities fraud, by running a hedge fund which ran up $50,000,000,000 of fraudulent losses... It's just more corporate greed at the top, right? The numbers are staggering, but the motive is the same. The big difference is that we are in the middle of a fecking depression. Where we would have just wagged our collective (middle) finger at him in better times, he is now a handy focal point for our collective fears and anger. In the 80's, this would have won him a trip to Club Fed-ish minimum security facilities. Now, I'd not be surprised if people started heating the pitch and plucking the chickens... Read/Post Comments (2) Previous Entry :: Next Entry Back to Top
:: HOME :: GET EMAIL UPDATES :: The Story Board :: susurration :: Reenie :: randomthoughts :: outtamyhead :: Electric Grandmother :: heyelsa :: rhubarb :: Brownie :: Scout :: Starting Over :: Recent JS Users Entries :: Scan :: Twitter-Stalk Me :: ">Meebo Me :: LiveJournal Me :: WordPress me :: FaceBook Me :: EMAIL ::