06-30-2009, 03:35 AM
In many ways it's hard to feel too sorry for the investors that begged to get into a "too good to be true" deal.
These folks were getting what - 15% or better every year with no down years ? Unheard of in the investment game.
The ones I do feel sorry for are the charitable trusts - universities, hospitals, non-profits
that got hosed because their investment counselors did not preform their jobs and probably
drew large salaries making bad decisions when they of all people should have had a gut feeling.
This one is probably the tip of the iceberg and there will be more to follow.
On that note I wish Bernie good health and a long long life ..... behind bars.
These folks were getting what - 15% or better every year with no down years ? Unheard of in the investment game.
The ones I do feel sorry for are the charitable trusts - universities, hospitals, non-profits
that got hosed because their investment counselors did not preform their jobs and probably
drew large salaries making bad decisions when they of all people should have had a gut feeling.
This one is probably the tip of the iceberg and there will be more to follow.
On that note I wish Bernie good health and a long long life ..... behind bars.