Posted December 12, 2008 8:16 AM
by Frank James
Bernard Madoff, the Wall Street bigwig arrested Thursday on an alleged massive securities fraud prosecutors call a "Ponzi scheme" was a major Democratic donor.
For instance, in the most recent election cycle, according to OpenSecrets.org, he contributed $50,000 in two $25,000 donations to the Democratic Senatorial Campaign Committee chaired by Sen. Charles Schumer, the New York Democrat.
He also often frequent contributions over the years to New York area Democrats, including Sens. Hillary Clinton and Frank Lautenberg. Expect to hear Republican demands that Democrats return the money.
Comments
Sounding more like "Demo Gate "
More ever day-
Sure more to come-
PS-Think Illinois is just "warming up"
Posted by: Inky | December 12, 2008 9:53 AM
There goes the democratic/liberal myth that all rich Wall Street financiers are Republicans.
Posted by: Terry | December 13, 2008 8:47 AM
HEDGE FUND'S ROASTING ON AN OPEN FIRE
(The Christmas Song)
WilliamBanzai7
Hedge funds roasting on an open fire
Investors sure to get the hose
Alpha carols being sung by a wealthy choir of the dumb
And regulators dressed up like Eskimos
Everybody knows that burnt hedge hog turkeys and
Madoff's ponzi scheme help to make the seasons blight
SEC examiners with their eyes all aglow
Will find it hard to sleep tonight
They know that billion dollar losses are on the way
The markets are loaded with cows for slaughter
Its the Wall Street way
And ev'ry wealthy grandmother's
Child is gonna spy to see if
Quants, traders and pinstriped conmen really know how to fly
And so, I'm offering this
Simple phrase to investors from
One to ninety-two
Altho' it's been said many times
Many ways
Merry Redemptions to you!
Posted by: williambanzai7 | December 13, 2008 8:50 PM
PALM BEACH GOT RUN OVER BY MADOFF'S PONZI REINDEER
(Grandma Got Run Over By a Reindeer)
WilliamBanzai7
(chorus)
Palm Beach got run over by Bernie Madoff's Ponzi reindeer
Just two weeks before Christmas Eve
You can say there's no such thing as a Wall Street scamster
But as for we in America, we believe
He'd been chalking up bogus Alpha
So the SEC said he had to go
And as he waltzed out of his lair on Third Avenue
Defiant as he was, he said, "Positive returns, hell no!"
When they woke up yesterday morning
It was clear the Palm Beach clique had been attacked
May as well stick a note to their own foreheads
Saying, "Oh Lord, please give us our money back!!"
(repeat chorus)
Now we're all so proud of our regulators
They've been taking this so well
See them crammed in Madoff's office
Knowing that SEC Chairman Cox will soon be sent to pink slip h-e-l-l
It won't be a Merry Christmas thanks to Madoff
Nor a Happy Hannukah as well
And we just can't help but wonder
Dosn't all of Wall Street have that pungent Ponzi smell?
(repeat chorus)
Now that Madoff's books are on the table
See all the other asset managers dance a jig (Ah!)
And the bogus billion dollar earnings
That not surprisingly had been rigged!
Be forewarned all you rich country club investors
Better watch out for yourselves!
You should not make be dreaming of serial Alpha
With hedge fund goofs who play golf better than yourselves!
(repeat chorus)
Posted by: williambanzai7 | December 16, 2008 5:12 AM