Can things get lower than the bailout rathole?
As badly as it might appear that the SEC is overseeing our monies in the TARP/TRAP scam, it pales in comparison with its oversight of Bernard Madoff and his $50 billion-plus Ponzi scheme.
The 86-year-old daughter of L’Oreal SA founder Eugene Schueller--reagarded as the wealthiest woman in the world--was the first investor in a fund managed by Access International Advisors, her sources are saying--speaking on condition of anonymity because her investment isn’t public (no surprise there). The body of Access co-founder Thierry Magon de La Villehuchet, 65, was found in his Madison Avenue office yesterday after he attempted fruitlessly to regain some of her monies that he had invested with Madoff.
Police said he probably killed himself. The bloody box-cutters and wastebasket under his wrists to avoid blood dripping to the floor was their first clue.
The results of inadequate regulation and oversight of investments in America seems always to result in the same sad endings ... tragic disillusionment and (in some cases) unemployment, foreclosures, bankruptcies, poverty and ... yes, even death.
When will enough be enough!
Merry Christmas to you all!!
posted by Dr. Joe @ 5:59 PM
2 comments
2 Comments:
Dr. Joe,
This too shall pass. People have been ripping off one another for quite a while. But people like you and Rich keep replenishing the human goodness machine.
Merry Christmas,
Gem
Gem -
My brother, Richard (not to be confused with Sweetheart), is very upset by this posting. Blood scares him. But, as you so aptly stated, "This too shall pass!"
Merry Christmas to you and yours from "The Shack"!
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