knowmyinterests

They may look like criminals but they really cannot be entirely blamed. They were doing business by taking money from Tom to pay Peter all the time. As long they made profits for their customers, it was fine. But when the people who were lending them credit stopped giving them credit ( the banks and other lenders), sooner or later they had to default. It went on and on until they could not run their business anymore. This is what happens when the country’s economy depends entirely on just 300 million people doing all the spending. But I sympathize with those people who have lost money with Madoff ( Kevin Bacon, my favorite movie star for one). Many had to sell their houses to meet the loss, many committed suicide and Madoff cooly sits in a multi-million dollar penthouse on house arrest. Where has all the money gone in America? I hear 30 trillion dollars has just vanished into nowhere. So much for freedom to do any business at your terms all the time. The only way to get out of the mess as I said the other day is to NATIONALIZE ALL THE BANKS AND LENDING INSTITUTIONS! AND MAKE THEM ACCOUNTABLE. Californoia governor Arnold has put a freeze on tax refund and increased taxes. This is only postponing the problem. America is in a hell of a jam and they know it. Hope Slumdog Millionaire wins the Oscars. This is the only award it has not won. So much for a mediocre movie showing the slums of Mumbai in India

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