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Posts Tagged ‘Ponzi Schemes’

Crooks & Liars

By karoli

August 11, 2012 06:00 AM

As I write, the only thing lacking is official confirmation by the Romney campaign that Mittens will adopt young Paul Ryan as his running mate. It would appear as though Mittens’ disaster-laden campaign of the past few weeks has prompted his billionaires to lay down the law and require Ryan as the Very Serious Running Mate.

Ah, yes. Paul Ryan, “zombie-eyed granny starver” extraordinaire. The guy who loved Ayn Rand until he didn’t.

Here’s a nice video of Paul Ryan. I’ll bet it would make a great commercial, this lovefest with Glenn Beck.

AUDIO

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Paul Ryan is a disaster, but that doesn’t mean the Villagers won’t treat him as a Very Serious VP Candidate Who Will Give Mittens A Much-Needed Bump. They will treat him that way. Meanwhile, the Very Serious conservatives will rejoice and forget Mitt is their candidate, substituting Paul Ryan in their minds for the first name on the ballot, and the Kochs will open their wallets wider for Their Black-Haired Boy. See, for example, the fawning by Chuck Todd and David Gregory over Ryan As Visionary.

I suppose that’s enough bashing for one post. (Can Ryan ever be bashed enough?) Let’s review some of the facts on Paul Ryan and whether he’s a good fit with Mitt:

Also? President Obama turns him into a whining, sniveling wimp.

I have a theory about why Ryan is the Boy Wonder, and no, it’s not the one that says Mitt is really Herman Munster and Ryan is his sixth son, Eddie. I think Mitt’s billionaires were tired of his very terrible, awful campaign and decided they’d better get the base fired up before they gave up entirely. And so word was passed to Mitt: It’s Ryan or we’re done with you.

After that, all that was left was tapping Tagg to fire TPaw and Rob Portman. Mitt seems to be quite good at delegating tasks, even firing people.

Over on the left, there is much rejoicing about Mitt’s the billionaires’ choice for the veep slot, and for good reason. After all, for eighteen months we’ve been trying to get the general electorate to see the do-nothing Congress in all its glory, from the debt ceiling debacle to the Ryan budget monstrosity to the zillionth meaningless vote to climb into women’s reproductive systems. Now it will be on display for all to see, naked, fat and ugly.

A few other random thoughts. Does anyone giggle at the thought that Bill Kristol picked Sarah Palin and Paul Ryan?  How will Newt Gingrich cover his tracks? Has anyone asked Paul Ryan about Ponzi schemes, particularly those he benefits from?

Who does Eddie Munster’s hair? Quick, hire them for Pretty Paul’s campaign appearances.

SOURCE

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Weekend At Bernie's Pic

Scribe says, Watch your back, Bernard Madoff

Alleged socialite swindler Bernie Madoff, who continues to live in the lap of luxury while his victims fume, might be better off in jail.

Because as long as the accused chiseler is out walking the street, he might get shot!

So says Laurence Leamer, author of “Madness Under the Royal Palms: Love and Death Behind the Gates of Palm Beach.”

Leamer, who has had an up-close look at the Madoff scandal and its effect on the uber-rich rubes, said Bernie’s victims reportedly include a laundry list of dangerous characters – any one of whom may want revenge on the alleged mastermind of the $50 billion Ponzi scheme.

“There’s a Russian oligarch who six months ago tried to get his money out and Bernie wouldn’t give it to him,” he said. “There’s also a report that he had $300 million in Colombian drug money. You don’t want to irritate these people.”

True dat.

Madoff is due in court in NYC today where the government will again try to lock him up while prosecutors investigate charges that he bilked scores of investors in a massive, decades-long scam.

(more…)

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Op-Ed Columnist

Eight Years of Madoffs

Published: January 10, 2009

THREE days after the world learned that $50 billion may have disappeared in Bernie Madoff’s Ponzi scheme, The Times led its front page of Dec. 14 with the revelation of another $50 billion rip-off. This time the vanished loot belonged to American taxpayers. That was our collective contribution to the $117 billion spent (as of mid-2008 ) on Iraq reconstruction — a sinkhole of corruption, cronyism, incompetence and outright theft that epitomized Bush management at home and abroad.

The source for this news was a near-final draft of an as-yet-unpublished 513-page federal history of this nation-building fiasco. The document was assembled by the Office of the Special Inspector General for Iraq Reconstruction — led by a Bush appointee, no less. It pinpoints, among other transgressions, a governmental Ponzi scheme concocted to bamboozle Americans into believing they were accruing steady dividends on their investment in a “new” Iraq.

The report quotes no less an authority than Colin Powell on how the scam worked. Back in 2003, Powell said, the Defense Department just “kept inventing numbers of Iraqi security forces — the number would jump 20,000 a week! ‘We now have 80,000, we now have 100,000, we now have 120,000.’ ” Those of us who questioned these astonishing numbers were dismissed as fools, much like those who begged in vain to get the Securities and Exchange Commission to challenge Madoff’s math.

MORE HERE

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