[Carley]

Just thinking about this scheme. The rich dems who insist that the rest of us pay more taxes and pay a huge ‘death’ tax as well........kept all their money in foundations that were tax exempt.

Now they have had the ultimate ‘tax’ bill. All the money is gone.

I hope they’re happy now, the hypocrits.

[Arkinsaw]

Now they have had the ultimate ‘tax’ bill. All the money is gone.

We will bail these people out also. The country club set will get bailed out, the BNP Paribas will get bailed out, and we will be the bagholders for Madoff. Betcha.

[elpadre]

the tax payers must not be bailing out these investors. We reimburse while we go broke.

[elpadre]

the tax payers must not be bailing out these investors. We reimburse while we go broke.

[KeyLargo]

Taxpayers to bail out Palm Beach investors.

Judge signs order to protect Madoff investors

20 hours ago

NEW YORK (AP) — A federal judge on Monday threw a lifesaver to investors who may have been duped in one of Wall Street’s biggest alleged frauds, saying they need the protection of a special government reserve fund set up to help investors at failed brokerage firms.

U.S. District Judge Louis L. Stanton ordered that clients of Bernard Madoff’s private investment business seek relief under a federal statute created to rescue cheated investors. Stanton also ordered that business be liquidated under the jurisdiction of a bankruptcy court and named attorney Irvin H. Picard as trustee to oversee that process....

http://www.google.com/hostednews/ap/article/ALeqM5jF_4G4a4XAV7qDQOp8KfWCykIrYQD953FCL82