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	<title>
	Comments on: Sen. Anderson charges: CA profits on backs of Madoff victims	</title>
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	<link>https://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/</link>
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		<title>
		By: LetitCollapse		</title>
		<link>https://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#comment-63112</link>

		<dc:creator><![CDATA[LetitCollapse]]></dc:creator>
		<pubDate>Thu, 09 Jan 2014 20:43:03 +0000</pubDate>
		<guid isPermaLink="false">http://calwatchdog.com/?p=57100#comment-63112</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#comment-63095&quot;&gt;Rex the Wonder Dog!&lt;/a&gt;.

What about the hundreds of others on Wall Street who did immensely more financial damage to the nation and to the world than Madoff? By your logic I assume you believe they should be exectuted too? 

Madoff was a piker compared to the rest. A minnow. The only reason Madoff went down was because he hurt some very rich and influential clients.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#comment-63095">Rex the Wonder Dog!</a>.</p>
<p>What about the hundreds of others on Wall Street who did immensely more financial damage to the nation and to the world than Madoff? By your logic I assume you believe they should be exectuted too? </p>
<p>Madoff was a piker compared to the rest. A minnow. The only reason Madoff went down was because he hurt some very rich and influential clients.</p>
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		<title>
		By: LetitCollapse		</title>
		<link>https://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#comment-63107</link>

		<dc:creator><![CDATA[LetitCollapse]]></dc:creator>
		<pubDate>Thu, 09 Jan 2014 20:36:24 +0000</pubDate>
		<guid isPermaLink="false">http://calwatchdog.com/?p=57100#comment-63107</guid>

					<description><![CDATA[I never ever thought that I would ever agree with Lois Wolk on anything in this lifetime. Wonders never cease. 

Everyone who lost money in the stock market as a result of the 2008 crash was a victim of &#039;theft loss&#039;. Anyone who has seriously studied the origins and causes of the 2008 meltdown understands this. The world was a victim of a Continuing Criminal Enterprise that destroyed trillions in consumer wealth. Millions lost jobs, their homes, their net worths. It was not a cyclical correction. It was a flat-out ponzi scam created by Wall Street and supported by those in our highest government agencies that finally burned down the fuse and blew up. It was outright financial fraud. So it wasn&#039;t just the Madoff people who got hurt. It was an entire nation of people. 

If you put your money into the investment markets you take the chance of losing it all. Every last penny. Risk is inherent in the markets. If you don&#039;t like risk, put your money under your mattress. But don&#039;t ask me to subsidize your losses in form of tax credits when your bet goes bad. Eat your own losses like the rest of us do. 

Just like when you go to Vegas and your blackjack bet goes bad. Don&#039;t come to the people to mitigate your losses. You slapped the chips down on the table. Be an adult and own your losses.  

The stock market is no different from Las Vegas. No guarantees. If you don&#039;t like risk - don&#039;t bet your money.

The Madoff people loved those double-digit returns even if they didn&#039;t make much sense from a financial analysis perspective. But, OMG, when the bet went bad many ran to lawyers and politicians for bailouts!!! lol.

Oh, and what about all those secured account holders who lost over a billion dollars at MF Global headed by CEO Jon Corzine? How did Corzine slip through the cracks? I wonder if being one of the biggest campaign fundraisers for Barack Obama had anything to do with it??? lol.

Why didn&#039;t Joel include the MF Global victims in his Bill?]]></description>
			<content:encoded><![CDATA[<p>I never ever thought that I would ever agree with Lois Wolk on anything in this lifetime. Wonders never cease. </p>
<p>Everyone who lost money in the stock market as a result of the 2008 crash was a victim of &#8216;theft loss&#8217;. Anyone who has seriously studied the origins and causes of the 2008 meltdown understands this. The world was a victim of a Continuing Criminal Enterprise that destroyed trillions in consumer wealth. Millions lost jobs, their homes, their net worths. It was not a cyclical correction. It was a flat-out ponzi scam created by Wall Street and supported by those in our highest government agencies that finally burned down the fuse and blew up. It was outright financial fraud. So it wasn&#8217;t just the Madoff people who got hurt. It was an entire nation of people. </p>
<p>If you put your money into the investment markets you take the chance of losing it all. Every last penny. Risk is inherent in the markets. If you don&#8217;t like risk, put your money under your mattress. But don&#8217;t ask me to subsidize your losses in form of tax credits when your bet goes bad. Eat your own losses like the rest of us do. </p>
<p>Just like when you go to Vegas and your blackjack bet goes bad. Don&#8217;t come to the people to mitigate your losses. You slapped the chips down on the table. Be an adult and own your losses.  </p>
<p>The stock market is no different from Las Vegas. No guarantees. If you don&#8217;t like risk &#8211; don&#8217;t bet your money.</p>
<p>The Madoff people loved those double-digit returns even if they didn&#8217;t make much sense from a financial analysis perspective. But, OMG, when the bet went bad many ran to lawyers and politicians for bailouts!!! lol.</p>
<p>Oh, and what about all those secured account holders who lost over a billion dollars at MF Global headed by CEO Jon Corzine? How did Corzine slip through the cracks? I wonder if being one of the biggest campaign fundraisers for Barack Obama had anything to do with it??? lol.</p>
<p>Why didn&#8217;t Joel include the MF Global victims in his Bill?</p>
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		<title>
		By: Rex the Wonder Dog!		</title>
		<link>https://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#comment-63095</link>

		<dc:creator><![CDATA[Rex the Wonder Dog!]]></dc:creator>
		<pubDate>Thu, 09 Jan 2014 20:02:30 +0000</pubDate>
		<guid isPermaLink="false">http://calwatchdog.com/?p=57100#comment-63095</guid>

					<description><![CDATA[Madoff should be executed for the harm he did.]]></description>
			<content:encoded><![CDATA[<p>Madoff should be executed for the harm he did.</p>
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		<title>
		By: LetitCollapse		</title>
		<link>https://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#comment-63094</link>

		<dc:creator><![CDATA[LetitCollapse]]></dc:creator>
		<pubDate>Thu, 09 Jan 2014 19:59:49 +0000</pubDate>
		<guid isPermaLink="false">http://calwatchdog.com/?p=57100#comment-63094</guid>

					<description><![CDATA[&quot;The state should not profit from criminal activity perpetuated against law-abiding citizens.&quot;

Sure, Joel. Now pull my other thumb too!!! LOL!]]></description>
			<content:encoded><![CDATA[<p>&#8220;The state should not profit from criminal activity perpetuated against law-abiding citizens.&#8221;</p>
<p>Sure, Joel. Now pull my other thumb too!!! LOL!</p>
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		<title>
		By: LetitCollapse		</title>
		<link>https://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#comment-63089</link>

		<dc:creator><![CDATA[LetitCollapse]]></dc:creator>
		<pubDate>Thu, 09 Jan 2014 19:26:08 +0000</pubDate>
		<guid isPermaLink="false">http://calwatchdog.com/?p=57100#comment-63089</guid>

					<description><![CDATA[Boy, they love to use Bernie Madoff as the whipping boy, don&#039;t they? lol.

Madoff was a very small fish in the pond on Wall Street. He just enjoyed the crumbs that the Too Big To Fail bankers tossed his way. Madoff didn&#039;t cause the economic meltdown. He only profited from the corruption and financial fraud that was made possible by Wall Street and our complicit government. 

Madoff&#039;s mistake was that he screwed some very influential people who had hundreds of millions or billions in net worth. That&#039;s the reason he got a life sentence. Bernie was a fall guy. Had he just screwed Main Streeters he would have gotten away with it! lol. Look at all the others who got away with it! lol. Most of them screwed Main Streeters and got rewarded! Bernie got life!!! lol. And if you think that&#039;s untrue you&#039;re living in Fantasyland.

But no one talks about obvious. But boy, do they ever hammer on Bernie!!! lol.]]></description>
			<content:encoded><![CDATA[<p>Boy, they love to use Bernie Madoff as the whipping boy, don&#8217;t they? lol.</p>
<p>Madoff was a very small fish in the pond on Wall Street. He just enjoyed the crumbs that the Too Big To Fail bankers tossed his way. Madoff didn&#8217;t cause the economic meltdown. He only profited from the corruption and financial fraud that was made possible by Wall Street and our complicit government. </p>
<p>Madoff&#8217;s mistake was that he screwed some very influential people who had hundreds of millions or billions in net worth. That&#8217;s the reason he got a life sentence. Bernie was a fall guy. Had he just screwed Main Streeters he would have gotten away with it! lol. Look at all the others who got away with it! lol. Most of them screwed Main Streeters and got rewarded! Bernie got life!!! lol. And if you think that&#8217;s untrue you&#8217;re living in Fantasyland.</p>
<p>But no one talks about obvious. But boy, do they ever hammer on Bernie!!! lol.</p>
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		<title>
		By: a frequent reader		</title>
		<link>https://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#comment-63078</link>

		<dc:creator><![CDATA[a frequent reader]]></dc:creator>
		<pubDate>Thu, 09 Jan 2014 19:00:08 +0000</pubDate>
		<guid isPermaLink="false">http://calwatchdog.com/?p=57100#comment-63078</guid>

					<description><![CDATA[Committee Chairwoman Sen. Lois Wolk, D-Davis, said the issue has come before her committee before, and they’ve never passed the bills. “It’s really offensive to sit up here and hear words like ‘blood money,’ when people make investments that fail,” said Wolk. “There were many people affected by this.”
Wolk added, “It’s not the role of the state Treasurer” to solve the investors’ problems. Wolk recommended a “no” vote by all of the committee members.
- See more at: http://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#sthash.8bCKEz1K.dpuf
--------------------------

So people are basically fools when being scammed on fraudulent investments when being assured of it being legitimate investment and asking for their tax assessment back?

Yet never ever question the need to curtail jobless benefits or at least pay for them or whittle down any entitlement program that could potentially change the loyalty to their party.

It&#039;s OK to be jobless, but not stupid.  What a heartless comment from a supposed bleeding heart.]]></description>
			<content:encoded><![CDATA[<p>Committee Chairwoman Sen. Lois Wolk, D-Davis, said the issue has come before her committee before, and they’ve never passed the bills. “It’s really offensive to sit up here and hear words like ‘blood money,’ when people make investments that fail,” said Wolk. “There were many people affected by this.”<br />
Wolk added, “It’s not the role of the state Treasurer” to solve the investors’ problems. Wolk recommended a “no” vote by all of the committee members.<br />
&#8211; See more at: <a href="http://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#sthash.8bCKEz1K.dpuf" rel="ugc">http://calwatchdog.com/2014/01/09/sen-anderson-charges-ca-profits-on-backs-of-madoff-victims/#sthash.8bCKEz1K.dpuf</a><br />
&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;</p>
<p>So people are basically fools when being scammed on fraudulent investments when being assured of it being legitimate investment and asking for their tax assessment back?</p>
<p>Yet never ever question the need to curtail jobless benefits or at least pay for them or whittle down any entitlement program that could potentially change the loyalty to their party.</p>
<p>It&#8217;s OK to be jobless, but not stupid.  What a heartless comment from a supposed bleeding heart.</p>
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