Tuesday, January 27, 2009

You're Only Stealing From Yourself

As I was browsing the headlines on CNN, this story caught my eye about another hedge fund jerk who turned himself in after stealing money and overvaluing the investments and doing other things involving lying. Are people retarded? You would think that after all the press on Bernie Madoff and Marc Dreier, other people who have been stealing money from hedge funds would either take the money out of their mattress and put the money back or just knock it off with the stealing until the coast in clear.

Like if this Arthur Nadel guy just put the money back now and waited two years until Madoff was out of the press, he could've started stealing again but he wouldn't have to be so paranoid. The lesson to be learned here is that if you're stealing from hedge funds, you need to put it in an ING Savings account and not spend it all immediately on toupees and yachts so that when things like Madoff/Dreier happen, you have money to fall back on and get you through until the next available time for stealing.

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