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I would like to use this as the lead article. We have a very basic pyramid outline that has been exploited by the "skip a generation" hypothesis. *** is the settlor and trustee of a revocable inter-vivos trust. During the settlor's lifetime, the settlor may direct the trustee to distribute as much of the net income and principal of the trust as the settlor requests to whomever the settlor desires and for any purpose whatsoever. If the settlor fails to request any such distribution, the trustee is required to accumulate the net income and add it to the principal. http://www.fdic.gov/regulations/laws/rules/4000-3900.html... the investeror has no per stirpes clause written into the investment... you see the same thing in MENDEL's Particulate inheritance theory
Charles Ponzi (March 3, 1882 – January 18, 1949) was the LOST GENERATION approximately
Bernard Lawrence "Bernie" Madoff (born April 29, 1938) was the SILENT GENERATION he followed the basic scientific outline and built a Boondoggle by OMISSION and COMISSION
http://boards.aetv.com/index.jspa
http://www.biography.com/classroom/
Comment: #1
Posted by: Kelly
Mon Mar 16, 2009 9:42 AM
Ma'am; in this case, a public hanging might serve a valuable purpose; but it will not happen...Not one moment of his life will be lost, even while he took the dreams, the hopes, the life's accumulations and work of thousands, and pissed it away looking successful.... If people do not take a lesson from this guy they are beyond hope...If people do not realize that their government is there to keep the rich from choking on their loot, and to revive the rich when they do so; then they are beyond hope... Believing in capitalism is for idiots... I live on a pension... As long as the pension keeps rolling in, who can say it isn't a ponsi... I am certain the trustees are more diligent than they once were... I am certain they are not having some one else sign them into investment seminars any more so they can get a tan and check out the babes.... But it once was a fact that 60% of the money invested in America was union money...Imagine that; investing in the very people who want to put you out of business... I know it is crazy; but everyone wants to sit back, and live on interest, and not give a crud for who might be slaving to pay that interest off... Credit makes slaves...Capital makes slaves.. And dreams make victims... So much for easy money...Easy come, and easy go.... ..Thanks...Sweeney
Comment: #2
Posted by: James A, Sweeney
Mon Mar 16, 2009 7:51 PM
Madoff did this to protect his children. who are guilty as hell for participating in this with him
Comment: #3
Posted by: Edwin Ham
Tue Mar 17, 2009 5:46 PM
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