Thursday, December 18, 2008

What the $50 Billion Madoff Ponzi Scheme Should Teach Libs

Written By D.

1. Greed does have a down side. When promised large returns on investments always be very suspicious. If it is too good to be true, it is too good to be true.

2. Trust but verify. That just about applies to everything, especially where money is involved. If these investors had done even a little homework, they could have saved themselves a lot of grief.

3. Never mix business with pleasure. Just because you have cocktails with someone or belong to the same club, doesn’t mean you should think the person you are dealing with thinks the same way you do. When it comes to money, think anti-social and just because your pal Chip is investing with Tad and raving about him, doesn’t mean Chip knows beans.

4. Easy come, easy go. A lot of the investors made their money during boom times, when any dummy could hardly miss making dough, but I guess it didn’t occur to them that it is a lot harder to make money during times of bust and it can disappear real fast.

5. Put a little away for a rainy day. Never spend beyond your means and stash some cash in safe places that won’t pay out much in interest but will be there when you need it.

6. Don’t ever rely on the government or any agency it creates. You will always end up disappointed that they haven’t lived up to even your lowest expectations. Always assume they will not do their job properly, if at all, and that their mere participation is reason for suspicion. The conservatives are born knowing this one.

7. Big political contributors are not being altruistic. When someone throws big political contributions around they want something in return … always. But then, you libs knew this one already, greasing wheels is your stock and trade.

8. Don’t expect a bailout. Just sell your mansion, Mercedes and your yacht and move on.

9. Chalk it up to experience. We’ve all had our share of ups and downs.

10. The Reagan “greedy eighties” are looking good right about now. All you libs complained about it, while pocketing huge sums of cash and accusing the rest of us of being greedy, what say you now?

1 Comentário:

Jules said...

Greed is good - I can't remember the name of the movie with Michael Douglas...but it holds true in the Madoff case. I would be so afraid of what God would do to me on judgement day if I did half of what this guy did!

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