Las Vegas

Discussion in 'Casino Reviews' started by TDVegas, Dec 27, 2017.

  1. von duck, Mar 9, 2018

    von duck

    von duck Member

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    It was mo
    The whole Madoff thing stinks of corruption at the highest level. There would have had to be many employees that knew something wasn't right. Many fingers were pointed, and SEC failed to do their duty, that is known as "dereliction of duty" and nobody was held accountable. It proves that you can be pretty stupid, and still have money, but not THAT stupid. When you come right down to it, the Social Security System, amounts to a huge "ponzi" scheme. We've all been duped. :cool:
     
    #301
  2. TDVegas, Mar 9, 2018

    TDVegas

    TDVegas Member

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    Finding a good financial guy is like finding gold. Very few out there, IMO. I'm a big believer in making your own decisions. I understand that is difficult for many..but the entire concept of financial managers, brokers is built on shaky ground to begin with.

    Most push offerings that their company tells them to...
    Most make money off commissions (buying and selling is good for them)
    Loaded mutual funds with humongous fees for all.

    On and on....the entire industry. I'm not big on how it's laid out. They are driven by fees. The more the better.
     
    #302
  3. random_roller, Mar 9, 2018

    random_roller

    random_roller Member

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    Agree with you about Madoff. No way a luddite like Bernard Madoff could have pulled off such a long-running Ponzi scheme without assistance from others, including some high-ranking officials at JP Morgan Chase and a few allegedly doing their job at the SEC.

    Since you have previously expressed disappointment that more legal materials were not readily available for your reading, I have taken time to link a few documents that might be of interest.

    Brooklyn Law School site with links to the Madoff case
    http://www.blslibrary.com/2009/03/24/madoff-criminal-case-resource-links/

    Criminal Complaint (FBI)
    https://www.justice.gov/sites/default/files/usao-sdny/legacy/2012/04/16/criminalcomplaint.pdf

    Information Charging Madoff with Various Counts of Fraud, Money Laundering, Making False Statements and Other Illegal Activities
    https://www.justice.gov/sites/default/files/usao-sdny/legacy/2012/04/16/20090310criminalinfo.pdf

    NY Times article
    http://www.nytimes.com/2009/03/13/business/13madoff.html

    Huffington Post article
    https://www.huffingtonpost.com/dennis-m-kelleher/jp-morgan-chase-bernie-ma_b_6350296.html

    Fortune Magazine article -- How Bernie Did It
    http://archive.fortune.com/2009/04/24/news/newsmakers/madoff.fortune/index.htm

    Complaint against JP Morgan Chase
    http://graphics8.nytimes.com/packages/pdf/business/JPMCComplaint.pdf

    CNBC Article
    https://www.cnbc.com/2014/07/15/madoff-trustee-alleges-madoff-sons-knew-of-fathers-fraud.html

    The Madoff Recovery Initiative -- Trustee tasked with finding and recovering the money fraudulently obtained by Madoff
    http://www.madofftrustee.com/

    Madoff's Life in Prison
    http://nymag.com/news/crimelaw/66468/index1.html

    American Bar Association Criminal Justice Section (Parts 1 & 2 of a 4 part series)
    https://www.americanbar.org/content...017/wccn_summer2017_Riopelle.authcheckdam.pdf
    https://www.americanbar.org/content...riminaljustice/2018/Riopelle.authcheckdam.pdf
     
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  4. random_roller, Mar 9, 2018

    random_roller

    random_roller Member

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    I don't view Social Security as a Ponzi scheme per se, although there are certainly aspects of it (e.g., contributions from later generations providing funds to support payment of benefits to earlier generations) that are Ponzi-like. Further complicating matters are increased life expectancies, lower mortality rates, and an increasing cost of living that greatly impact the underlying finances.

    The only thing I can say is there is no simple solution to the mess that is Social Security. Oh, and people should take steps to help ensure they have sufficient financial means post-retirement independent of anything received from Social Security.
     
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  5. von duck, Mar 9, 2018

    von duck

    von duck Member

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    :cool: Thank you very muczzzzzzzzzzzzzzzzzzzzzzzzzzz............................
     
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  6. Liman

    Liman Member

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    Im not looking up numbers, but Im sure there are millions and millions of americans whose primary source of retirement income is social security.
    Its a bit scary to think what would happen if social security checks stopped coming in the mail.(or sent online like I believe it is)

    the economy would falter quickly
     
    #306
  7. Onautopilot, Mar 10, 2018

    Onautopilot

    Onautopilot Member

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    Some casinos would take a really big hit! :)
     
    #307
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  8. lone irish digit, Mar 10, 2018

    lone irish digit

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    This is Barney,

    I never heard of these social security checks. I am very social and provide security for the goats and pigs on homestead. I like money very much, how can I get some of that. I need the monies since the LID is still gone.


    Thank you very much
     
    #308
  9. lone irish digit, Mar 10, 2018

    lone irish digit

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    I have been locked in the bunker below the barn the past two weeks working on an ingenious new craps strategy and after coming up today and reading some of Barney's posts on this and other forums the last two weeks, I hope nobody takes everything he says at face value.

    I came up from my work because we are about to embark on a week long casino roadtrip. I have Barney packing and loading up the truck for our casino road trip which is currently scheduled from Sun to Sat.
     
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  10. lone irish digit, Mar 10, 2018

    lone irish digit

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    Here's a quick peek at some of the craps strategy I have been working on with the supper computer and in conjunction with that dude that lives just a little north east of Wichita.



    [​IMG]
     
    #310
  11. random_roller, Mar 10, 2018

    random_roller

    random_roller Member

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    Did you ask Sharpshooter to review the math used in your calculations?

    Also, I'm a secant & tangent fan. Would you please include a few of those in your equations, along with proving the Hodge Conjecture? Thanks in advance.
     
    #311
  12. random_roller, Mar 10, 2018

    random_roller

    random_roller Member

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    Barney, sorry to be the bearer of bad news, but you might consider taking to goat to the bunker where LID has been hiding out.


    [​IMG]
     
    #312
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  13. TDVegas, Mar 11, 2018

    TDVegas

    TDVegas Member

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    At speed Vegas today...lotta fun. Went with the American made Z06. Got it up to 138mph. By the 3rd lap you get a feel for the track and can start pushing higher. I included pricing if any of you guys want to give the place a shot while visiting. Very professional crew.
    image.jpeg image.jpeg image.jpeg image.jpeg image.jpeg image.jpeg image.jpeg
     
    #313

  14. Liman

    Liman Member

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    the entire industry would take massive hits. no more social security, Id bet 1/3 of the casinos in this country would close within a few years.
     
    #314
  15. James Hall, Mar 11, 2018

    James Hall

    James Hall Member

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    Yeah and the one thing that pisses you off is people making money on their efforts
     
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  16. Liman

    Liman Member

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    very cool indeed, Ive hit 131 in my Porsche on 81 north going up thru poconos toward Binghamton one night at 1 am or so, I had trouble holding the steering wheel steady and in the dark it was super scary, never attempted to go over 90-95 again.

    must have been oodles of fun.
     
    #316
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  17. James Hall, Mar 11, 2018

    James Hall

    James Hall Member

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    Concoct a scheme , identical in every way to social security , approach the government for license and
    approval to market it , they would put you in prison for life .

    Many people look at social security as a retirement program , it's not , it was never intended to be
    It was always intended as a supplemental program
    All my life I have heard social security would be gone in ten years
    It would have been fine if the government had not raided it and taken it away
     
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  18. von duck, Mar 12, 2018

    von duck

    von duck Member

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    Yeah, right guys, that would be the worst problem if the checks stopped, "casinos would lose revenue". It would be a humanitarian disaster on an epic scale. You would be "pulling the plug" on untold millions. It's not just old people either, its disabled, and there is also the survivors benefit. The benefits are losing ground to inflation every year, so slowly but surly, it's disappearing. It's nothing short of a huge Ponzi scheme, in structure, but is a lifeline for millions, so it must be fixed, and I don't see how their going to do it. The casinos, are the least of the problem. :cool:
     
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  19. FredP

    FredP Member

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    And the casinos would be empty every Wednesday.
     
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  20. James Hall, Mar 12, 2018

    James Hall

    James Hall Member

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    "TDEVIOUS would be unaffected he said he made over $200 in some penny stock , that would give him almost
    a years worth of bubble bankroll
     
    #320
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