Monday, June 29, 2009

Financial Advisors Beware!

Bernie Madoff will be sentenced today and whether its for 12 years or 150 years it doesn't matter. The real questions are yet to be determined, like did he really act alone and be able to singularly manage this fraud for over 25 years in excess of Billions without help?? I hope you are not that naive. Madoff is the "fall guy" for some major names associated with the financial establishment, it just doesn't make logical sense to think otherwise.
It is my humble and non confirmed opinion that its simply impossible to deceive that many regulatory agencies, to include the SEC as well as his accounting firm decade after decade unless many others were involved outside Madoff's firm!
Now that all the damage is done, its almost totally impossible to believe any financial institution representing integrity of a corrupt market that is still being manipulated on the impulses of people only to make money in the short term. Suck you in and suck you out. It you think I skeptical that this mess will self correct, you are absolutely right. Look... Watch.... & Listen!!

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