Sunday, December 21, 2008

Down but still 30 to go AND THEN THERE'S MADOFF

Yesterday I predicted the first four bowl games and won 1 and lost three.
I did pick the exact number of points that Fresno State and Memphis would score...but the rent gets paid when you pick the winner and yesterday I could have been evicted.

There are much more important things to consider then college bowl games...but here's a few more of the games. I'll do the main ones later in the week.


New Orleans Bowl 12/21 Troy by 4 1/2 over Southern Miss
Troy 34- SM 21
SM 30 TROY 27 L
Poinsettia Bowl 12/23 TCU by 2 1/2 over Boise State
Boise State 24- TCU 21 Boise just can't get any respect
TCU 17 BOISE 16 W
Hawaii Bowl 12/24 Notre Dame by 1 1/2 over Hawaii
Hawaii 27 ND 25 BUT seriously ND should win by 20 (WHICH THEY DID)
ND 49 HAWAII 21 L
Motor City Bowl 12/26 Central Michigan by 6 over Florida Atlantic
Florida Atlantic 39 CM 24 Florida Atlantic just can't get any respect
FA 24 CM 21 W

EIGHT DOWN AND 26 TO GO

********************************


MORE IMPORTANT THINGS TO CONSIDER

THE NAME

BERNIE MADOFF....

HAS SUDDENLY BECOME A HOUSEHOLD NAME...ESPECIALLY IN HOUSES THAT ARE CELEBRATING HANUKKAH.

I'm trying to figure out how this could have gone on for so long. I understand Ponzi schemes working for a few months...maybe even a few years...but this guy made it work for 20 to 30 years.

HOW could so many intelligent people not ask for more precise accounting of their funds?

I guess the old adage...
if it sounds to good to be true, then it probably isn't...
REALLY applies here.

$50 BILLION DOLLARS???????????????????
With monthly statements written on stationary with his letterhead?
HUH??????????????

How much different is what he did then what Michael Milken did?

I presume the main difference is that Milken was investing in something and Madoff was investing in nothing.

It's strange to consider these guys and their names....
MILKEN as in MILKING
MADOFF as
MAD OFF

BERNIE MADOFF WILL MAKE PEOPLE TOTALLY FORGET MICHAEL MILKEN AND HIS JUNK BOND DEALIO....most people probably have already forgotten and the Milken Foundation continues to be worth millions and millions of dollars and the sacrifice he made was a few years in jail and prostate cancer.

THE REAL BAD GUYS HERE...BESIDES THE KNOWN BAD GUY, MAD OFF...IS
THE
SEC
SECURITY AND EXCHANGE COMMISSION

These dipsh.ts are supposedly in existence to protect the public from being hoodwinked by highly intelligent money managers. Forget the not so highly intelligent money managers because they will trip themselves up.

THE SMART ONES ARE HARDER TO NAP BUT THAT IS WHY THE SECURITY AND EXCHANGE COMMISSION WAS CREATED.

TO MAKE SURE IRREGULARITIES DO NOT TAKE PLACE ON A GRAND SCALE.

There is no excuse for not catching this bozo sooner because there are reports that in 1999 something was amiss...but they (SEC) claim they don't have enough employees to monitor the entire system.

HOW ABOUT JUST MONITORING THE ONES THAT GET MENTIONED?????

HOW HARD COULD THAT BE?

It's almost like the commissioners were investing with Mad off and the returns were just too good to past up.

THE MAD OFF STORY WILL GET STRANGER AND STRANGER BUT THE
SECURITIES AND EXCHANGE COMMISSION WILL
SLIDE

and
that's
the
real
crime

Michael Timothy McAlevey






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