Substack je ekstra ❤️, i iako mi je David French od The Dispatcha ❤️ prebjegao u New York Times , a Common Sense od Barry Weis se pretvorio u okupljalište crackpota, blog Branka Milanovića (yep, naše gore lista!) Global Inequality and More 3.0 je apsolutno otkriće!
MUST READ!
Danas mi je u mail sletio njegov post, inspiriran gledanjem dokumentarne serije o Berniju, gdje pokušava odgovoriti na pitanje: ZAŠTO?
Zašto je Bernie Madoff napravio sve to što je napravio, kad je imao legitiman biznis koji mu je generirao dovoljno prihoda za life-style kakav je živio?
Prvi dio odgvora je – Bernie Madoff u tom scamu nije bio sam 🙄. I nema tu neke zavjere, sve je jasno iz pasusa:
Thus nothing in the secret scheme smells like big money—for those who did it: for Madoff and his helpers.
But not so for these who invested. There, the movie shows, the four major investors, who each had billions (yes, billions) invested with Madoff, and given that they received steady annual returns of 10%, who, in turn, made billons out of Madoff’s scheme. One of the four big investors, the movie rather persuasively claims, realized that the whole thing was a big scam rather early on, but his interest was that the scam continues as long as possible, that is as long as he continues to receive exorbitant returns. At one point when Madoff is in serious trouble, this big investor deposited billions that Madoff needed to pay off people who, as the stock market tanked, began to withdraw money. The big investor did this to help Madoff survive the panic, and of course, to continue the Ponzi scheme. That investor was later about to be indicted as co-conspirator but rather conveniently was found dead in the pool of his Florida house.
Well, to baca malo drugačiju sliku na cijelu stvar, e? 🙄
Po pitanju interpretacije odgovora na postavljeno Zašto?, nemam što dodati onome što je napisano u postu:
So why did Madoff do it? The reason, just slightly alluded to in the movie, might have to do with Madoff’s need/desire/wish to be loved, even adored and –yes- to achieve that devotion by delivering to his friends incredible presents, in terms of money returns they could never obtain elsewhere. The cause of the fraud thus lies in the psychological domain: it does not need to be studied by financiers or economists. What we need is therapists.
Završetak posta donosi konačnu poantu, koju ću prenijeti samo dijelom:
… the light moves from Madoff to his investors. Why did they clamor so much to invest with him?; why did they queue, beg him to take their money, intercept him on the beach to give him millions? The answer is greed.
Zvone Radikalni 