The Greatest Depression | 12/18/2008 4:00 pm
An Aerial Tour of the Homes of Bernie Madoff and the Bailed-Out Bankers
So where did all that money go? Here, via VirtualGlobeTrotting.com, citizen journalists provide a peek behind the purported gates of greed
As our former middle class prepares for America’s first All Wal-Mart Christmas, we decided to search for aerial and satellite glimpses of the extraordinary Hampton haciendas, Greenwich getaways and DC domains that belong to the Big Boyz of finance, at least according to the community members/citizen journalists of Virtual Globetrotting.
Yes, whether they ran banks that now need billions in taxpayer bailouts to survive, or sold mortgages to those who were never able to pay, or in the case of Bernie Madoff, were alleged Ponzi schemers, the question remains … where did all that money go?
From the look of these places, their firms may have made risky bets with leveraged money, but the bonuses they paid themselves?
Those dollars were real.
Yes, whether they ran banks that now need billions in taxpayer bailouts to survive, or sold mortgages to those who were never able to pay, or in the case of Bernie Madoff, were alleged Ponzi schemers, the question remains … where did all that money go?
From the look of these places, their firms may have made risky bets with leveraged money, but the bonuses they paid themselves?
Those dollars were real.
Read more about: Bear Stearns, Citigroup, Countrywide, Daniel Mudd, Deborah Barrow, Dick Fuld, Fannie Mae, financial crisis, Freddie Mac, John Thain, Merrill Lynch, News, Politics, Stanley O'Neal, The Greatest Depression
























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