SEC busts Galleria tenant...

[gtalum]

Perhaps if Madoff, Stanford, et. al. can't come up with the money to repay their victims, the federal government/SEC could be held liable for the remainder in a lawsuit?

Someone could try, but the suit would almost certainly be thrown out due to sovereign immunity. Even if they were to win, when "the government" pays, we all pay.

[Ed Mahmoud]

BTW, people maybe should have been alerted by certificates of deposit that paid 8% or more when nobody else offered better than the mid 4s.


The "if it is seems too good to be true" thing.


The Madoff victims didn't question how one man could double the market consistently either...

[gtalum]

Sure you say that, but then I chase 3 and 4% APR CD's when the market is generally paying 2% or less. You just have to do your homework.