Madoff Lives at 133 East 64th street (UES) (64/les)

Madoff is not going to bring down values in the building. It's not like he's a sex offender who is going to molest your kids.

he'll go down in history as the largest scam artist in u.s. history. 1 person larger than Enron, 50B, or the value of GM, F, and half of Goldman Sachs went "poof"...not saying that GM, F and GS wouldn't go poof, but still...

wonder how many hedge fund liquidations will flood the market in Jan-March??? Alot of people want out of the market...

I don't know. Paulson seems to be running a $700 billion Ponzi Scheme. I think 5 years from now we are going to look back and see how much waste and corruption there was in the TARP program, just like the Oil for Food program.

i agree..nobody knows where the 700B is going, or to who, that and we dont know where the Fed loaned 2 Trillion...

seems like the financial system is in chaos. Nobody trust anyone.

"wonder how many hedge fund liquidations will flood the market in Jan-March??? Alot of people want out of the market..."

The only upside there is that hedge funds have been liquidating for at least a year now. Funds have been closing shop for some time. Of course, this will probably be the biggest blow, but we're well into this.

in all honesty I wonder how many months into 2009 the markets can take this? Without just one day "collapse" or "breakdown". Everything is in a deep spiral downward and policy makers are out of line.

yes, according to Roubini on 1/3 of hedge funds that need to go bust have gone bust in 08, that means another 2/3 in 2009. 2009 is dead out ugly. it'll be a year i'm sure we'll all remember.

and how many other Madoffs are out there? That we just haven't be spotted? When it comes to money management, who trusts who? I'm sure there'll be a domino of investigations of cases like Madoff in 2009...

I saw Madoff of 64th by Park last Tuesday, the same day he was photographed. He was on his cell phone saying "HINDSIGHT IS 20/20". There was a pic of him in his Penthouse on NYSocialDiary.com The place looked pretty nice.

actually appears madoff owns the entire penthouse in the building. alot more than 3 BR's. The entire floor on the 12th. Amazing...a ponzi for the history.

And that SOB is under house arrest? -in his penthouse! How come he's not in the can?

here's that pic in nysd:

http://www.newyorksocialdiary.com/node/145339

my favorite part of the article:

"He asked someone in the William Wayne shop (www.william-wayne.com) in the ground floor of his building if he could use their access to the building’s elevators so that he could avoid the press and paparazzi waiting to ambush him. His request was refused."

haha that's funny...anyone else who stole 50B would likely be in Guantanamo...think Madoff will end up in Guantanemo?

Madoff will not end up in Guantanemo. There is 0% chance that an American citizen, arrested on American soil, for non-terrorism related crimes, would be sent to Guantanamo.

In fact, as awful as this sounds, there's a reasonable chance he'll out of prison through the end of any trial (if he doesn't take a plea first).

compared to social security and especially medicare, his ponzi scheme is really little money.
The only difference is :us (forced investors) can't opt out.