As I was flipping channels tonight on 60 Minutes they had Bernanke pumping up the Fed and my question ….could he be doing this to draw attention away from all the arrests that have been going on in the Banking World?
Mark: They are all Cabal Heads that are going to roll.
So, Bernanke will do his usual dance with the cleverness he is displaying in all matters.
They have nothing to offer him. He might have something to offer them.
We’ll see what the environment is like at that time. The ‘missing heads’ of senior bankers might create a new possibility of galactic intervention we haven’t yet considered. It is even possible that they might be arrested by then.
Their time is over and they will exit the stage, willingly or by the Kings Cane escorting them from the stage.
There are more shoes to fall before then, from what we hear.
Feds are going after all Madoff assets and it’s ostentatious what he did with the money.
No one needs all this but the greed is evident and him and his family. I believe they will also be checking on his family also and others he dealt with.
March 16, 2009
NEW YORK (CNN) — Federal prosecutors are seeking the forfeiture of Bernard Madoff’s four homes and other assets after Madoff’s guilty plea to masterminding a massive investment fraud.
Madoff is in jail at the Metropolitan Correctional Center in lower Manhattan after pleading guilty to operating on the largest Ponzi schemes in history.
He faces 150 years in prison when he is sentenced June 16.
Many of the assets are held in the name of Madoff’s wife, Ruth. That should not prevent the government from seizing them, said former federal prosecutor Bradley Simon of Simon & Partners.
“Since she was in the business, too, it’s going to be hard to show these assets came from another source other than through the business,” said Simon. “It’s pretty easy to show this property derived from the proceeds of the illegal activity. They’ll be able to take every nickel from him.”
The targeted assets include:
. A Manhattan condominium valued at $7 million on East 64th Street, where Madoff was under house arrest for three months before his guilty plea.
. Homes in Montauk, New York; Palm Beach, Florida; and Cap d’Antibes, France, as well as “all insured and readily salable personal property” contained in the homes.
. A yacht named Bull, docked in France; three other boats and four automobiles: two Mercedes, one BMW and one Volkswagen.
. A Steinway piano valued at $39,000 and a silverware set valued at $65,000.
. $17 million deposited at Wachovia Bank, $45 million in securities held at COHMAD Securities and Madoff’s interest in COHMAD Securities.
Madoff defense attorney Daniel Horowitz said he had no comment.
Madoff’s lawyers listed the assets in court papers filed Friday. They estimated his worth at up to $826 million. His business has an estimated worth of $700 million, according to the documents.
Madoff was ordered to jail Thursday after pleading guilty to 11 criminal counts, admitting operating a Ponzi scheme estimated to have bilked thousands of investors out of billions of dollars.
More Mark Huber questions and answers on the Yahoo group GRT-News by clicking HERE.
Did you like what you read here? If so, please be kind enough to donate to support the cause (click HERE). It takes time and money to create a website like this and I love doing it so anything would be very much appreciated. And I’ll personally email you a free thank-you gift in return – my 214 page ebook about debt, credit, bankruptcy, investing and much more!