Quote:
Originally Posted by Botnst
Thievery is one of man's many failings. Look at Barney Madoff for example. It doesn't require a grand conspiracy. It does require one or a few clever people to do the deed, a few colleagues to ignore or disbelieve the obvious and lax enforcement. That combination is depressingly common. As is thievery.
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And GREED, on the part of the thief as well as the victim. Madoff's victims jumped at the chance to get a much better than average return on their investments. They were greedy, too.
20 odd years ago, in Maryland, we had a similar thing. A Savings and Loan was giving much better rates than anyplace else, and people rushed to deposit their money. They the scheme came apart, and the S&L failed. Those of us who didn't have money in that S&L ended up paying for a state bailout of those who did. Sometimes prudence doesn't pay==especially if politicians get involved.