"Tales from the country club" by Ed Pilkington (12-20-08 Guardian)

[bobthedrummer]

"One of the mysteries of the Madoff affair has been why so many were so eager to give the disgraced investor their life savings. The answer lies in a peculiarly American social scene."

http://www.guardian.co.uk/business/2008/dec/20/bernard-madoff-fraud

[NJCher]

1. highly recommended

This article makes the point that the system is odd in how it looks at investment firms. It should look at the guys who are doing well and doing well consistently. It doesn't, though--because it's psychologically inconsistent.

The article also tells about software programs that picked up the fact that there was no correlation between Madoff's performance and the market. How anyone could have ignored that is beyond me.

Finally, the article addresses the question, "How could he do it?"

I've been reading a spate of Madoff articles since the scandal broke;this is one of the best.




Cher

[Octafish]

2. SEC looked away, too.

I can understand the connected people thinking they had an "in" with a pal from the club, a guy giving them a return to good to be true in his perfect Ponzi, but why did the SEC look away, too?

Where they "in" on the deals, too? From their behavior, it's A Good Time To Be a White-Collar Criminal.

Somewhere in Hell, Meyer Lansky must be smiling.

[bobthedrummer]

3. And we, the people are forced to wait upon an internal SEC investigation for "answers"...

[Octafish]

4. Sort of the like the $750 billion -- er, $2 trillion Wall Street bailout.

Gee. Now who would make off like bandits on a Wall Street inside deal?

Wall Street and the Rise of Hitler

By Antony C. Sutton

Preface Introduction
Chapter 1 Wall Street Paves the Way for Hitler
Chapter 2 The Empire of I. G. Farben
Chapter 3 General Electric Funds Hitler
Chapter 4 Standard Oil Fuels World War II
Chapter 5 I.T.T Works Both Sides of the War
Chapter 6 Henry Ford and the Nazis
Chapter 7 Who Financed Adolf Hitler?
Chapter 8 Putzi: Friend of Hitler and Roosevelt
Chapter 9 Wall Street and the Nazi Inner Circle
Chapter 10 The Myth of "Sidney Warburg"
Chapter 11 Wall Street Nazi Collaboration in World War II
Chapter 12 Conclusions
Appendix A Appendix B Appendix C

Appendix D Appendix E

Selected Bibliography

Copyright ©1976 by Arlington House Publishers, New Rochelle, New York.

This work was created with the permission of Antony C. Sutton.

Download the Book

http://www.reformation.org/wall-st-hitler.html

Better yet, buy a copy:

http://www.oneheartbooks.com/books/agenda/wall_str_hitler.htm

I know you've read these, Mr. Drummer. If you weren't so young, I'd say you wrote the book.