Tuesday, July 14, 2009

You 'll Be Out in No Time...

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After taking a much-needed, almost month-long sabbatical (anything in excess of two weeks can no longer be called a "vacation" in the modern corporate world), I am really happy to be back on my seat at the Balcony, my dear Readers (if any of you are still around, that is).

There is a lot of ground that we shall try to cover over the next days so let me get straight to the point. I am sure that the US government's sense of humor demonstrated in Bernie's sentencing was not lost to any of you. The 71-year old convict was sentenced to... 150 years in prison and is schedulled to be released on November 14, 2139 (at what time exactly?)! Producing extremely detailed figures which bear absolutely no resemblance to actual reality is, I guess, the government's way of paying tribute to the thousands of monthly account statements Bernie was sending to his clients throughout all these years; and ironically it would only take a slightly more careful look at these statements to spot the discrepancies and reveal the scam (for example 2139 is 130 and not 150 years away)...

The icing on the cake? Bernie was moverd yesterday to U.S. Penitentiary Atlanta, the exact same prison that housed Charles Ponzi almost 100 years ago! What's the chance of this being a coincidence? Well, about as high as making 17% return on investments for 22 years in a row, I would reckon...
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