Daily Archives: April 6, 2009

Ruth Madoff — Trade Her Pearls for Handcuffs!

I don’t want to hear about the tony neighbors or the evil looks that Ruth “Swindler” Madoff gets when she walks the cat walk in Palm Springs.

She’s a soulless bitch who needs handcuffs not pearls. Here’s an inside look from The Daily Beast about the beast named Ruth.

“Everyone down here thinks she was involved in the Ponzi scheme,” said a leading socialite in Palm Beach. “She and Bernie were always collaborators. Look, let me tell you what happened to my friend. Her husband wouldn’t let her invest with the Madoffs. Then after her husband died, Bernie wasn’t taking any new investors. She talked to Ruth who said give Bernie a call and she told him ‘Ruth knows what this is all about’ and Bernie simply said ‘OK, I’ll take your investment.’ And this woman gave him the store and rued the day she had met Ruth Madoff.

Yes, we all feel so sorry for those who lost money with the Madoffs. In a way we really don’t give a care because they had money to be lost in the first place! That’s why.

But some say it was not greed that motivated the money givers to Madoff but the cache of having Madoff “mangle” their money. They thought he was going to manage it but instead he mangled it.

Not one penny put into the stock market.


Earthquake destroys Towns in Italy — Will Rome Be Next?

The terrain in Italy is rough for more than one reason. The entire country has a longitudinal fault. One half of Italy on one side one half on the other. Then to make matters worse it is also bisected by a fault that cuts the country into a top and a bottom. It is a matter of time before Italy is cut into fourths. It may not be in this century but if it is Rome will fall into the ocean more or less.

Since the major earthquake of 1627, which devastated the central region of Gargano, Italy has acquired a reputation as being one of the most earthquake-prone countries in the world.

What makes it so, say experts, is the overall movement of tectonic plates in Europe and Africa and the collision course they have been on, in addition to the existence of well-defined fault-lines and geological movements criss-crossing the area.

This article from an earlier quake says that Italian quakes are hard to ID due to the terrain and hidden fault lines. In my opinion the fault lines are everywhere.

The death count is only in the hundreds but it could climb into the thousands for lack of food, clean water and knowledge of who got out and who did not.

Today’s earthquake at a town named L’Aquila (which means eagle) was predicted by a scientist who was muzzled according to a Reuters report:

Giuliani, who based his forecast on concentrations of radon gas around seismically active areas, was reported to police for “spreading alarm” and was forced to remove his findings from the Internet.

Italy’s Civil Protection agency held a meeting of the Major Risks Committee, grouping scientists charged with assessing such risks, in L’Aquila on March 31 to reassure the townspeople.

“The tremors being felt by the population are part of a typical sequence … (which is) absolutely normal in a seismic area like the one around L’Aquila,” the civil protection agency said in a statement on the eve of that meeting.

that was a mere 6.3 on the Richter scale shook and destroyed towns, in a hilly area just east of Rome.

Will Rome be next? If Rome falls, or is shaken by a severe quake it could be devastating for the populace. This quake has killed over 100 people and many towns have disappeared according to witnesses.

update earthquake

Folks are mad about the predictions for the earthquake being hushed. Yes, with the smell of radon gas and the pre tremors scientists can predict quakes with pretty good certainty.

And hell, they are sitting on one of the greatest faults in the world! Treasures will be destroyed with future quakes along with the ones this time.

Breaking News: Merkin sued by NY AG RE: Madoff UPDATE

Well, folks we have another greedy bastard to hate: Merkin.

Merkin is a Harvard Grad and was on the GMAC board (General Motors). He may not have known about the Ponzi part but he knew there was some sort of something amiss after warnings from collegues that the Madoff money was too funny, too good to be true. Any dummy knows that unless it is a CD with fixed returns that the returns on any FREAKING investment will vary over time. They will rise and fall. People DID NOT want to know and they are paying the price.

This morning Joe said he wished he could outlaw hate…was he kidding? He meant it. Well, I think it is too soon to ban hate when you have worthless, soulless shells like Madoff and his ilk walking around. Merkin is one of many as we have predicted who should be in jail.

Add his name to the hall of the soulless, hall of shame is too good for them.


NY Attorney General sues Ezra Merkin for fraud for “secretly steering” $2.4 billion in investor assets to Madoff ponzi scheme  11:31am EDT
Breaking news from Reuters.com  on this
More later

It appears that AG Cuomo has the goods on this guy Merkin. Merkin (a Jewish co-conspirator) took charity money and steered it into Madoff’s black hole for large management fees from Bloomberg.com

In the suit, filed in New York state Supreme Court in Manhattan, Cuomo accused Merkin of secretly steering $2.4 billion to Madoff, Cuomo said in a statement. Madoff, 70, pleaded guilty in Manhattan federal court last month to defrauding investors of as much as $65 billion in the biggest Ponzi scheme in history.

Cuomo alleges investors, including prominent charities, entrusted their investments to Merkin, who turned the money over to Madoff in exchange for $470 million in management and incentive fees. The complaint also charges Merkin’s management company, Gabriel Capital Corp. Merkin managed several funds, including Ariel Fund, Gabriel Capital LP and Ascot Fund Limited, according to Cuomo’s statement.


Stupid SUN Microsystems Did Not Learn Yahoo! Lesson

SUN shares fell like a weighted rock today after talks fell apart with IBM. Sound familiar? Yes, it should because Yahoo! stupidly did the same thing last year. I held YHOO stocks and just before the merger talks the share hit nearly 30 a share. I wanted in, but stocks were too expensive. Then it dropped a bit and I bought a few shares. But I forgot I already had nearly 100 shares when this was going on. I was elated, but it was soon short lived.

The new stocks I acquired lost value. When YHOO hit the high 20s I sold. Then at some point, not sure now when, the deal with Microsoft fell through. Yahoo CEO Yang said “thanks but no thanks” to Gates.

That was all she wrote. Both shares fell, but YHOO stocks tanked and have really never recovered. They are coming back but nowhere near their highs based on word of a buyout. They got greedy, Yang got the boot and shareholders held the bag! Bag indeed. When I did my taxes last year my capital loss was with YHOO and Microsoft shares.

Heloise no like that. I still have a few shares of YHOO and holding them until either I can use the cash or they get at least close to $20/share.

Stupid Sun people should have watched how YHOO tanked after that no sales sign went up. To make matters worse a new offer on the table would only, could only be LOWER, hello.