Very interesting Blog from a Madoof victim:
The Bag Lady Papers - The Daily Beast
The Bag Lady Papers Cont'd - The Daily Beast
The Bag Lady's Papers, Part III - The Daily Beast
"Was I greedy? No, I was conservative, really. I never wanted to strike it rich with Bernie Madoff. I just wanted financial stability. And I had lost money with other financial advisers, so I trusted an old and valued friend who told me about an investment—Madoff’s fund—that would yield a steady interest, allowing me to work on my art and not be dependent on my family."
"'Eighty-nine dollars,' says the nice lady at the desk when I ask for a room. I, who only buy retail—until now, of course—ask for a discount. She takes it down $10. Although it’s expensive and a splurge compared to what’s down the street, it isn’t in the same universe as the Ararat Park Hyatt in Moscow, where I was on a work project several months ago and the rate for a single room was $2,100 a night."
"...I am going to Christmas lunch in the luxurious environs of Palm Beach, “the island,” as it is called by the locals. The invitation was mailed before I became a bag lady or, as I also am known, person of reduced circumstances (PoRC). Palm Beach was the prime hunting ground where the M.F. went snouting for his investor prey. People even joined the Palm Beach Country Club, where he hung out, so they could be “invited” to join his exclusive enterprise."
The comments are pretty interesting -- not much sympathy going around.
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"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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