I hope you’ve been enjoying my posts lately. I thought I might do something different today and rustle up a few bits of info from around the WWW. These are some of the news items and blog posts that have been popular over the last few weeks. Leave me your thoughts.

Bear Stearns, Lehman Execs Kept Billions . . . | The Big Picture

Everyone knows that senior execs at Bear Stearns and Lehman Brothers were paid largely in stock, and that they lost most of their wealth when the companies. … He might also like to now tell us about the early investors of Bernie Madoff who got triple digit returns over 15 years but who now claim they are wiped out. The truth will out. But it sure fights like hell to reveal itself. Mannwich Says: November 23rd, 2009 at 4:28 pm. How is this at all surprising? …

Did Hayman Capital Help Destroy Bear Stearns? | Deep Capture …

More on our favorite network of miscreants and the false media story that sealed the death of Bear Stearns… … “It would have been easy for them to see,” Madoff said of the clueless financial cops who failed to perform what he called “ accounting 101.” The interview was among more than 6000 pages of assorted documents Kotz released on Friday that he has collected during his investigation of years worth of the SEC's Madoff-related actions. …

Tears Close Bear Stearns Trial

The jury will begin deliberating the fate of two ex-Bear Stearns hedge fund executives Monday. … Judge Is The Highlight Of The Bear Stearns Hedge Fund Trial … Even Harry Markopolos says CDS Fraud Will Make Madoff Look “Small-Time”. “To put it in simple terms, it is like buying fire insurance policies from five different insurance companies on your neighbor's house and then burning down the house,” he said. EDNY prosecutors blew it and missed the real 900 lb. insider …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

Here is his strategy:
a. He enticed charities, which are organizations, who would be less hostile if he were exposed, unlike individual investors who lost their all in all, who would be outraged to violence. To fortify his concealed fraud and theft, he got into the directorate of the particular charity, or one of his family did, so that if anything was brought up, he'd get ear of it and either silence it or cover it up specially.
b. To create the appearance of exclusivity and class, so that whatever invester was accepted, would be grateful and less likely to look deep down.

c. He’d screen carefully every person who wanted to place funds with him – To investigate the specific investor – He'd hire investigators to go into every detail of the potential investor's business activity, credit background, marital involvements etc and if there were indications of tax fraud or divorce fraud, he'd take them in as investors. He wanted to see if the applicant’s financial activities were such that the money he was giving to Madoff was concealed tax fraud, that plenty of monied people have, and they seek places where the monies can remain concealed in a larger fund composed of many investors. Madoff knew that if the fraud ever was found out, these investors with shady assets that the IRS would immediately check into if these persons names surfaced as persons with claims against Madoff, then these people would just go away and take their loss rather than face criminal or civil charges by the IRS. so Madoff had a ready made gag over the mouths of many, many individual investors who he ripped off, knowing they would never open their mouths to regulators to protect themselves.
And as for the alleged “innocence” of his two sons. They knew plenty about it. Madoff didn’t want their lives destroyed by his evil, so it was agreed that when the matter was about to bust out, the sons would play the role of heroes unveiling Madoff so they would avoid prosecution.
Real nice family, isn’t it?

Technorati Tags: Bear Stearns Madoff, madoff

Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…

News Dissector Blog » Blog Archive » Daily FINANCIAL CRISIS …

The stakes are high for the administration, particularly with a weak economy, anger about huge Wall Street bonuses and outrage that securities regulators missed one of the biggest frauds in U.S. history involving Bernard Madoff, … The administration has long pledged to be more aggressive in fighting financial crime, but has faced a few setbacks like Madoff and losing a high-profile case against two hedge fund managers accused of fraud in the early days of the crisis. …

AllAboutAlpha.com» Hedge Fund Operations and Risk Management …

After the Madoff affair, it's easier than ever to argue that a reputable accounting firm should lead to a more objective picture of a fund's affairs. But this study finds that the presence of reputable service providers doesn't …

What hedge fund whiz John Paulson sees in Liberty Media: DirecTV …

This corruption is 100 times the gravity of the Bernie Madoff story, and yet there has been no coverage by CNBC or Bloomberg News. Why? Goldman Sachs, upon Wall Street transitioning to fractions and the abolishment of the uptick rule, …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

Do you think that Jim Cramer and/or Burnie Madoff are being overprosecuted because they did what they did during a recession. Over being the key word.

Technorati Tags: Bear Stearns Madoff, Bernard Madoff Hedge Fund

Did Hayman Capital Help Destroy Bear Stearns? | Deep Capture …

More on our favorite network of miscreants and the false media story that sealed the death of Bear Stearns… … “It would have been easy for them to see,” Madoff said of the clueless financial cops who failed to perform what he called “ accounting 101.” The interview was among more than 6000 pages of assorted documents Kotz released on Friday that he has collected during his investigation of years worth of the SEC's Madoff-related actions. …

Tears Close Bear Stearns Trial

The jury will begin deliberating the fate of two ex-Bear Stearns hedge fund executives Monday. … Judge Is The Highlight Of The Bear Stearns Hedge Fund Trial … Even Harry Markopolos says CDS Fraud Will Make Madoff Look “Small-Time”. “To put it in simple terms, it is like buying fire insurance policies from five different insurance companies on your neighbor's house and then burning down the house,” he said. EDNY prosecutors blew it and missed the real 900 lb. insider …

» WHERE ARE THE MARKET CRISIS CASES? – SEC ACTIONS

While Ponzi and other investment scheme cases were once thought hard to find post-Madoff that difficulty seems to have diminished. Whether that is because of a new focus resulting from Madoff, the market crisis or other factors is unclear. … The agency also filed a case against the Countrywide officials and reportedly is gearing up to litigate its action against the Bear Stearns hedge fund managers despite the recent
e5
loss in the criminal case, discussed here. …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

Technorati Tags: Bear Stearns Madoff, Bernie Madoff