Comments on: "The Wolf Of Wall Street" http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/ The story behind the story Sun, 20 Dec 2009 02:55:38 +0000 http://wordpress.com/ hourly 1 By: Pat http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/#comment-2971 Pat Wed, 13 May 2009 16:30:25 +0000 http://cnnsiu.wordpress.com/?p=326#comment-2971 It's very possible that the psychiatric industry has failed to identify the predilections of the illness that causes stockbrokers and advisors like Madoff to steal other people's money, and in fact, the illness may warrant, in the modern era, mental hospitals, not jails. Since today, few people have possession of their own money unless it is under a mattress at home, it seems logical to approach the problem of property security from the ground up in view of the security features built into the system to measure the likelihood of theft including the money managers at banks, trust companies, and brokerage houses. Unless America wants to keep building jails for non-violent criminals, we may need hospitals instead for the mildly afflicted who cannot differentiate between possession of the property of others, and their own. It's very possible that the psychiatric industry has failed to identify the predilections of the illness that causes stockbrokers and advisors like Madoff to steal other people's money, and in fact, the illness may warrant, in the modern era, mental hospitals, not jails.

Since today, few people have possession of their own money unless it is under a mattress at home, it seems logical to approach the problem of property security from the ground up in view of the security features built into the system to measure the likelihood of theft including the money managers at banks, trust companies, and brokerage houses.

Unless America wants to keep building jails for non-violent criminals, we may need hospitals instead for the mildly afflicted who cannot differentiate between possession of the property of others, and their own.

]]> By: WorldClass http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/#comment-2280 WorldClass Thu, 29 Jan 2009 01:45:51 +0000 http://cnnsiu.wordpress.com/?p=326#comment-2280 Everyone has something negative to say about wall street. not everyone that is involved in that business is doing the same thing that he dad done. like in any business or career there are people who do wrong. there is nothing wrong with making over half a million a year or a million a year. The middle class always say money doesn't bring u happiness but with out it you wont be happy. some of you will bring god into this and yeah its true, but god never told you to be broke. its a benefit when you are the right person with money. your able to contribute more to your church some thing that most of you don't do. help out people that are less fortunate not by sending ten dollars a month, but how would all of you feel if you could donate ten thousand dollars a month for a good cause, it feels good. I agree money doesnt bring you happiness but its not a bad idea to have it. Stop talking negative about people that make more money that you, if you were give an opportunity to make more money i could bet anything none of you would turn it down, no one put you in the career that your in right now, its nobody's fault your not not making the money you want its your own fault. Everyone has something negative to say about wall street. not everyone that is involved in that business is doing the same thing that he dad done. like in any business or career there are people who do wrong. there is nothing wrong with making over half a million a year or a million a year. The middle class always say money doesn't bring u happiness but with out it you wont be happy. some of you will bring god into this and yeah its true, but god never told you to be broke. its a benefit when you are the right person with money. your able to contribute more to your church some thing that most of you don't do. help out people that are less fortunate not by sending ten dollars a month, but how would all of you feel if you could donate ten thousand dollars a month for a good cause, it feels good. I agree money doesnt bring you happiness but its not a bad idea to have it. Stop talking negative about people that make more money that you, if you were give an opportunity to make more money i could bet anything none of you would turn it down, no one put you in the career that your in right now, its nobody's fault your not not making the money you want its your own fault.

]]> By: dave http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/#comment-1970 dave Mon, 15 Dec 2008 13:23:47 +0000 http://cnnsiu.wordpress.com/?p=326#comment-1970 Jordan is a small time fraudster. He never made near the money he claims, knows nothing about wall street, the financial crisis or anything else beside self promotion. The fact that he is a piker "author" and will never make good money again is a testament to his bull----. Alot of that old crew has gotten rich again not "shorty". Maybe he's a sheep in wolf's clothing but he's no real wolf. Jordan is a small time fraudster. He never made near the money he claims, knows nothing about wall street, the financial crisis or anything else beside self promotion. The fact that he is a piker "author" and will never make good money again is a testament to his bull--. Alot of that old crew has gotten rich again not "shorty". Maybe he's a sheep in wolf's clothing but he's no real wolf.

]]> By: Get real http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/#comment-1800 Get real Sun, 30 Nov 2008 23:03:42 +0000 http://cnnsiu.wordpress.com/?p=326#comment-1800 A lot of rambling here.......How many of you actually know anything about Wall Street? I guess you think everyone who works there is unethical, or even had anything to do with the crisis? You know, it's funny that the movie "Wall Street" was mentioned. There's a line in that movie that goes "That's because he never had the guts to stake out his own claim!" Seems to be a lot of jealousy here. Don't blame others for the fact that your chosen career hasn't made you wealthy. You chose that career, nobody prevented you from trying something else. Everyone has the right to create their own set of values.......And if someone puts money #1 on the list, who are you to say they're wrong? It's their life. That so many of you are spending time criticizing it makes me think you're just jealous. If you weren't jealous, you probably wouldn't bother posting here. A lot of rambling here.......How many of you actually know anything about Wall Street? I guess you think everyone who works there is unethical, or even had anything to do with the crisis?

You know, it's funny that the movie "Wall Street" was mentioned. There's a line in that movie that goes "That's because he never had the guts to stake out his own claim!" Seems to be a lot of jealousy here. Don't blame others for the fact that your chosen career hasn't made you wealthy. You chose that career, nobody prevented you from trying something else.

Everyone has the right to create their own set of values.......And if someone puts money #1 on the list, who are you to say they're wrong? It's their life.

That so many of you are spending time criticizing it makes me think you're just jealous. If you weren't jealous, you probably wouldn't bother posting here.

]]> By: Perry http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/#comment-1579 Perry Sun, 09 Nov 2008 23:16:36 +0000 http://cnnsiu.wordpress.com/?p=326#comment-1579 Most of us reading this is a rich man/woman. Wealth means a roof over your head, food in your stomach, and clothes on your back. If you have internet access you probably have all of the above. These are not my original thoughts--I saw that on a TV show. Most of us reading this is a rich man/woman. Wealth means a roof over your head, food in your stomach, and clothes on your back. If you have internet access you probably have all of the above. These are not my original thoughts–I saw that on a TV show.

]]> By: robert http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/#comment-1539 robert Mon, 27 Oct 2008 04:38:55 +0000 http://cnnsiu.wordpress.com/?p=326#comment-1539 Frankee, you are absolutely right. We should not be baling people out who made trillions of dollars selling swaps that they had no intention of making good and are now convenienty claiming that they did not understand. 60 minutes has done several very interesting investigative reports explaining the nature of this crisis. They have gotten as far as saying that this was criminal. What they misteriously fail to disclose is the names of the people accountable for these 'bets gone wrong'. Anyone who made a bet that brought down a company would be considered a criminal. These guys made bets that bankrupted the country and they get off without a scratch. Worse, the taxpayer is being sold a bill of goods about having the responsibility of bailing them out. America, we need to keep insisting that these criminals be brought to justice. They need to pay off their debts to society. The crime they have committed is one of the greatest in this century. Millions of people have seen their retirement investments dwindle to nothing, millions of people are out of work, the world economy has suffered a debilitating blow and no one is held accountable? Frankee, you are absolutely right. We should not be baling people out who made trillions of dollars selling swaps that they had no intention of making good and are now convenienty claiming that they did not understand.

60 minutes has done several very interesting investigative reports explaining the nature of this crisis. They have gotten as far as saying that this was criminal. What they misteriously fail to disclose is the names of the people accountable for these 'bets gone wrong'.

Anyone who made a bet that brought down a company would be considered a criminal. These guys made bets that bankrupted the country and they get off without a scratch. Worse, the taxpayer is being sold a bill of goods about having the responsibility of bailing them out.

America, we need to keep insisting that these criminals be brought to justice. They need to pay off their debts to society. The crime they have committed is one of the greatest in this century. Millions of people have seen their retirement investments dwindle to nothing, millions of people are out of work, the world economy has suffered a debilitating blow and no one is held accountable?

]]> By: JackC http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/#comment-1538 JackC Sun, 26 Oct 2008 14:49:17 +0000 http://cnnsiu.wordpress.com/?p=326#comment-1538 I am deeply distressed as many Americans are suffering from the collapse of our economic markets and the cost of what our government is incurring as we bail out he big banks and investment houses ($700 Billion). If the US Government is going to help these businesses, I suggest that we impose mandatory random drug testing of these Wall Street traders, Bankers and Investment executives and those in high positions that make decisions regarding the investment of our money. Please read the following remarks by Jordan Belfort to help illustrate my point. The following excerpt is from “The Wolf of Wall Street” Belfort claims heavy drug-taking is "pervasive" on Wall Street. "There's a lot of hedge fund managers that love Quaaludes. Once again, it's all about the insane money. High-powered Wall Street guys don't lose their jobs if they have a drug problem. As long as they're still making money it's considered not the end of the world." I served nine years in the US Navy and 23 years as a loyal Federal Government employee working on equipment directly related to the operation of Navy aircraft. I was always exposed to random drug testing as a condition of employment because of the nature and seriousness that human life was at stake for pilots and passengers on those aircraft, for the financial loss of the aircraft itself, i.e., $40 Million up and national security threat posed on our country from those kinds of losses. I believe we are exposed to a much larger threat to national security by allowing these individuals to continue using drugs and getting a bailout from the government. I am deeply distressed as many Americans are suffering from the collapse of our economic markets and the cost of what our government is incurring as we bail out he big banks and investment houses ($700 Billion). If the US Government is going to help these businesses, I suggest that we impose mandatory random drug testing of these Wall Street traders, Bankers and Investment executives and those in high positions that make decisions regarding the investment of our money. Please read the following remarks by Jordan Belfort to help illustrate my point.
The following excerpt is from “The Wolf of Wall Street”
Belfort claims heavy drug-taking is "pervasive" on Wall Street.
"There's a lot of hedge fund managers that love Quaaludes. Once again, it's all about the insane money. High-powered Wall Street guys don't lose their jobs if they have a drug problem. As long as they're still making money it's considered not the end of the world."
I served nine years in the US Navy and 23 years as a loyal Federal Government employee working on equipment directly related to the operation of Navy aircraft. I was always exposed to random drug testing as a condition of employment because of the nature and seriousness that human life was at stake for pilots and passengers on those aircraft, for the financial loss of the aircraft itself, i.e., $40 Million up and national security threat posed on our country from those kinds of losses.
I believe we are exposed to a much larger threat to national security by allowing these individuals to continue using drugs and getting a bailout from the government.

]]> By: myrna http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/#comment-1512 myrna Mon, 20 Oct 2008 17:41:06 +0000 http://cnnsiu.wordpress.com/?p=326#comment-1512 The question is why do we support greedy behavior? Why have reality shows, that are all about greed & dishonesty...filled our airways?...why are we so drawn to the rich and famous? ...why do we wear their clothes,...but their books...walk their walk...and talk their talk. Asking government to regulate us is not the answer! Becoming a socialist economy is not the answer! The answer is us ...we are the answer! As a country we need to support those who are trying to do the right thing....I'm one of those...I get stomped on all the time,.....no one wants to hear about the good ....hard working...those that help the less fortunate...because it is boring!!!! America wants to hear stories about the greed, rich and famous...... and how about those who are willing to work harder....willing to take risks?....Should they get the same as the guy who does very little? Don't confuse values with hard work and reward. You work hard,.... take risks...and you should benefit...however,.... what you do with your reward....is a value issue.....If our society made the fat cats feel like real pigs....Then five yachts and ten homes would be an embarresment...but we as a society glorify this behavior. So,...who is really to blame? ......Last week I was volunteering at a homeless shelter....(I'm a personal trainer who helps those less fortunate than myself become the best they can be physically.) ...I had a great idea to publish a cookbook that would benefit the shelter ...and also directly benefit those who were willing to help me. .... Of course everyone wanted a piece of the action, money ....recognition...etc... Once I explained that it would require working very hard....Perhaps many sleepless nights and endless days... to get this project done on time ............ only two homeless woman said.... We will work our fingers to the bone with you ,...We believe we can make a difference. ....I told them ....all our hard work may not bear fruit? .....Would they still be willing to sacrafise? ....They again said yes. Should those who are unwilling to sacrafise,... benefit the same as the two women who are willing? It is not a question of rich or not rich ....It is a question of values...there are a lot of wealthy people who have great values...and those who don't...there are many poor peole who have a termendous amount of class, and those who don't. The question is why do we support greedy behavior? Why have
reality shows, that are all about greed & dishonesty...filled our airways?...why are we so drawn to the rich and famous? ...why do we wear their clothes,...but their books...walk their walk...and talk their talk.
Asking government to regulate us is not the answer! Becoming a socialist economy is not the answer! The answer is us ...we are the answer! As a country we need to support those who are trying to do the right thing....I'm one of those...I get stomped on all the time,.....no one wants to hear about the good ....hard working...those that help the less fortunate...because it is boring!!!! America wants to hear stories about the greed, rich and famous...... and how about those who are willing to work harder....willing to take risks?....Should they get the same as the guy who does very little? Don't confuse values with hard work and reward. You work hard,.... take risks...and you should benefit...however,.... what you do with your reward....is a value issue.....If our society made the fat cats feel like real pigs....Then five yachts and ten homes would be an embarresment...but we as a society glorify this behavior. So,...who is really to blame?

......Last week I was volunteering at a homeless shelter....(I'm a personal trainer who helps those less fortunate than myself become the best they can be physically.) ...I had a great idea to publish a cookbook that would benefit the shelter ...and also directly benefit those who were willing to help me. .... Of course everyone wanted a piece of the action, money ....recognition...etc... Once I explained that it would require working very hard....Perhaps many sleepless nights and endless days... to get this project done on time ............ only two homeless woman said.... We will work our fingers to the bone with you ,...We believe we can make a difference. ....I told them ....all our hard work may not bear fruit? .....Would they still be willing to sacrafise? ....They again said yes. Should those who are unwilling to sacrafise,... benefit the same as the two women who are willing? It is not a question of rich or not rich ....It is a question of values...there are a lot of wealthy people who have great values...and those who don't...there are many poor peole who have a termendous amount of class, and those who don't.

]]> By: dave http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/#comment-1511 dave Mon, 20 Oct 2008 15:35:23 +0000 http://cnnsiu.wordpress.com/?p=326#comment-1511 Jordan is/was sooo smart and ambitious. Why is he living inthe past and not ut making real money like he is able to? Jordan is/was sooo smart and ambitious. Why is he living inthe past and not ut making real money like he is able to?

]]> By: dave http://siu.blogs.cnn.com/2008/10/16/the-wolf-of-wall-street/#comment-1510 dave Mon, 20 Oct 2008 15:32:21 +0000 http://cnnsiu.wordpress.com/?p=326#comment-1510 what a loser what a loser

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