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Greedy Person of the Year (2008)

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It’s time for all of those “Something-er-other of the Year” awards. So, after all we have been through in 2008, I want to propose the Greedy Person of the Year.

Don’t get me wrong. I admire ambitious people who want to make money by earning it through honest means. What I despise are those who scheme to feed a limitless hunger for power and control and don’t care who they ruin in the process. Or they just don’t give a shit. It’s all about playing the game. They often don’t even need the money.

So-called “white collar crime” (even the name is, well, white washed) is a paradox. Sure, coming home and finding some of your stuff missing or having your briefcase snatched on the street is a most unpleasant experience—psychic rape. Common thieves do jail time if they get caught. They don’t have fancy lawyers to whittle down the sanction.

But too many of those who silently bleed us to near death–a drop at a time and we can’t directly experience being drawn into their jaws–seem to stay free and rich, even after they get caught.

So I made my difficult decison from an overflowing plate of despicable creeps. I settled on 70 year-old Bernie Madoff for his alleged $50 billion Ponzi scheme. We will all be affected by the trickle-down impact of this one.

Too many other greedy people, including some of those who invested with Madoff, were involved as well. They knew it was too good to be true. They knew his scheme was rigged and that they were getting rich on what they presumed to be insider trading.

A lot of Madoff’s investors were in for a surprise and ended up losing money themselves. But what’s a couple of million if you are worth 50? Maybe Madoff will see jail time, but for how long and where? Club Fed? (read indictment here )

In the meantime, I hope you all will be able to keep your jobs and stay in your homes. I have too many friends who have lost both.

  • trixta

    I nominate Obama for his greedy grab for power, which circumvented the democratic process this election year.

  • Winston

    I second your motion.

  • MotherinKY

    Michelle Obama is greedy person of the year 2008.

  • stodgie

    michelle is the most obvious with being greedy. “give us something” is rather famous plus those diamond studs. let’s not forget room service either. and the cost of that home they rented????????????? or was it donated?

  • I’m a Linda too

    Yep, his deal with the devil of do anything for his prize. I third it.

  • http://edgeoforever.wordpress.com/ Not Your sweetie

    Caroline wants us to vote. Not for her, silly, for what she should answer in interviews
    http://edgeoforever.wordpress.com/2008/12/27/caroline-people-can-vote-for-my-answers-not-for-me/

  • goldengrahme

    My nomination might be (it is difficult to choose)
    George Soros. He underwrote Obama and apparently
    has been instrumental in the Minnesota Al Franken
    win. He has a God complex.

    How much can you spend in one lifetime?

    How much does it take to keep a billionaire happy?
    I am curious: what would a billionaire do if all the money disappeared? Would he/she jump off the
    Brooklyn Bridge? What do billionaires talk about
    at parties? My imagination runs wild.

  • rolling_thunder

    first is MADE-OFF Madoff.
    Second is Nancy Pelosi.
    She’s getting something out of this and I can only guess.

  • NoTrollZone

    Oh yeah. Obama wins hands down.

  • NoTrollZone

    hey troll. get lost. you aren’t fooling anyone here with a little Michelle knock. Go kiss you master’s ass somewhere else.

  • andrew191

    I second the nomination. I wouldn’t want to restrict it to one year though. He has undermined whole economies to enrich himself. Most greedy in the last quarter century would be more like it.

  • NoTrollZone

    I like Obama for greediest. But I sure agree with your vote for Pelosi as number 2.

  • Texas Playwright

    I third your motion.

  • HC

    I nominate the entire political machine from my favorite pay to play town – Chicagoland.

    Theft and graft are a real artform up there and I just cannot be forced to pick one.

    Just by way of example, who was that DoT employee up there who stole millions in quarters from toll booths, went to jail for approximately 10 mins, then got his job back? This stuff is so good you cannot make it up.

  • Pat Racimora

    Here’s a postscript on the Madoff story–even experts can get taken bigtime by these leeches.

    Today the National Post of Canada placed an article on its web site: “The expert on gullibility who got suckered by Bernard
    Madoff” by Robert Fulford.

    Here are some excerpts:

    It was the year of the unwise, the swindled, the innocent and the terminally stupid. But the financial catastrophe of 2008 brought a
    peculiar kind of pain and embarrassment to one self-designated expert, a University of Colorado developmental psychologist named Stephen Greenspan.

    He’s written an authoritative, 224-page book, Annals of Gullibility: Why We Get Duped and How to Avoid It.

    Unfortunately, he can’t take much authorial pleasure from the publishing of his work this month.

    Something truly mortifying happened between the checking of the page proofs and the appearance of the book: Greenspan discovered that he had
    allowed Bernard Madoff, the now infamous Wall Street broker, to steal a good-sized chunk of Greenspan’s retirement savings.

    If Annals of Gullibility ever goes to a second edition, it will also have to include a preface describing the author’s firsthand experience….

    Greenspan’s research shows that schemes depending upon gullibility need the help of what he calls a “social feedback loop,” what others call
    “word of mouth.” If many investors make profits from a fund and tell others, the investment seems safe and desirable.

    That’s what happened to Greenspan. Visiting his sister in Florida, he met a close friend of hers who was recruiting customers for the Rye Prime Bond Fund. Greenspan learned it was part of the Tremont family of funds, itself a subsidiary of Mass Mutual Life, an insurance giant. He liked and trusted this agent. Apparently, the agent had put all of his
    own assets in the fund…
    Greenspan’s sister and brother-in-law were investors, along with many of their friends. They happily reported they had seen their money grow
    over several years. Their experience “convinced me that I would be foolish not to take advantage of this opportunity.” His belief was so firm that when a skeptical and financially knowledgeable friend back in Colorado warned him against the investment, Greenspan put it down to knee-jerk cynicism. He was truly suckered.

    His decision, he says now, “reflected both my profound ignorance of finance, and my somewhat lazy unwillingness to remedy that ignorance.”

    The complete article is online at:
    .

  • Pat Racimora

    Whoops…

    The article is online at: http://tinyurl.com/886pb6.

  • Rich

    Great Cartoon, since it points out that uncontrolled or un-regulated greed takes lives. It is not just about money. I think for me the Leader or leaders of the Tailbone and groups like them would be my choice for they want Money, Lives, Land, and control of EVERYTHING.

    Rich

  • Annie Oakley

    All good questions. Maybe greed is going to become socially unacceptable again. Maybe it’ll go out of style in 2009. Greed is defined as “excessive desire for getting or having, esp. wealth; desire for more than one needs or deserves; avarice; cupidity.”

  • Rich

    Correction, I meant Taliban, not Tailbone

    Rich

  • Annie Oakley

    Greenspan discovered that he had allowed Bernard Madoff, the now infamous Wall Street broker, to steal a good-sized chunk of Greenspan’s retirement savings.

    ROFLMAO! That’s rich. I was going to nominate Greenspan.

  • Rich

    Considering how many people claim to be religious, what happened to religion that they allow their people to practice “greed,” which I am sure is a sin? Maybe we need to force religious institution, if they want to keep their tax free statues, to hold their people accountable if they practice the greed sin. I wonder if the religious organizations tax free statues is a form of greed or a sin that needs to be stopped?

    Rich

  • andrew191

    If you’re defining greed to be the excessive accumulation of converts by groups like the Taliban then I’ll nominate Satan, he wants ALL of our souls.

    I saw Satan singing “It’s Christmas Time in Hell” on “South Park” the other night. I may never be the same. My abs still hurt from laughing so hard!

  • andrew191

    Aren’t you Rich?

  • apishapa

    I agree with the nomination, but I think his greed can be summed up in the fact that he never, ever quits nagging his poor donors for money. $700,000,000 isn’t enough. He couldn’t spare a dime to help down ticket democrats (except as a bribe) and he never stopped sending e-mails demanding more, mpre, more. He made a committment to accept public funding, but he saw mmore money to be made. He is still doing it. He will never give his poor donors a rest.

  • Don X

    There are so many greedy people out there, it is hard to pick a winner. As PT. Barnum allegedly said, “There’s a sucker born every minute”. History is replete with stories of people who have been scammed out of their fortunes by unscrupulous fast-talking salesmen. It happens all the time and it seems some people never learn. Although Madoff is in the news as a failed scheme that allegedly robbed the fortunes of the rich and famous, his methods are probably being used by many others who have not yet been caught.

    For a good discussion of illegal and questionable money making schemes (from pyramid to Ponzi to MLM) check out this link:

    http://members.impulse.net/~thebob/Pyramid.html.

    These schemes go under the names of chain letters, pyramid schemes, Ponzi schemes, gifting clubs, straight-line matrices, elevator schemes, etc. Multilevel marketing schemes, thought not illegal, also play on people’s gullability and desire for easy money.

    They all are used to entice the unsuspecting into putting money into a plan or scheme to make quick and easy money.

    There is also an abundance of stock and investment-promoting gurus who offer newsletters for a few bucks and then set about to promote a way to make quick money if you subscribe to their services which may mean ~ $2,500 upfront money and the promise that if you take their investment tips you will make money regardless of whether the market is moving up or down. These are not illegal, but they also play on people’s instinctive greed.

    Madoff might have been able to keep his illegal scheme going for many more years if the stock market hadn’t taken a nose dive. Investors were making amazing returns on their money from a man who seemed to be a genius money manager. They didn’t have a clue that he was taking money from new investors to pay off the old ones. Sophisticated investors got caught in the trap, even though there was a well known history of collapsing Ponzi schemes. They didn’t seem to pay attention to the old adage, “If it sounds too good to be true, it probably is.”

    I think Madoff is the current prime example of greed gone wild. At least, the most notable one in the limelight at the moment. I think we all have to be on guard not to get caught in the greed trap.

  • /www.youtube.com/watch?v=ibsP6XN2dIo&eurl trixta

    apishapa, you’re so right!

    Ogimme-more . . . .

  • /www.youtube.com/watch?v=ibsP6XN2dIo&eurl trixta

    1980s fashion is back, so why not the 80s zeitgeist of greed.

  • oowawa

    Poor little guy, just asking for another bowl of gruel during Christmas week–just a few dollars more–you won’t miss it–such a small price to pay for hope–just a little bit of CHANGE!

  • stodgie

    i saw a picture of madoff smirking for the camera. he struck me as a man with no soul. false false false!

  • /www.youtube.com/watch?v=ibsP6XN2dIo&eurl trixta

    Great question, Rich!

  • stodgie

    notroll, put your comments where the sun doesn’t shine. stalking is frowned on here. of course on kos other obot blogs where you hang out that crap is fine. stuff it.

  • fif

    Ditto. He couldn’t wait until he earned it. It’s All Obama, All the Time.

  • fif

    Speaking of Obama’s greed, even die-hard Obama supporters like Frank Rich of the NY Times are starting to notice the similarities between Bush & Obama…

    Barack Obama has little in common with George W. Bush, thank God, his obsessive workouts and message control notwithstanding. At a time when very few Americans feel very good about very much, Obama is generating huge hopes even before he takes office. So much so that his name and face, affixed to any product, may be the last commodity left in the marketplace that can still move Americans to shop.

    I share these high hopes. But for the first time a faint tinge of Bush crept into my Obama reveries this month.

    http://www.nytimes.com/2008/12/28/opinion/28rich.html

  • Lizzy

    Great drawing Pat. I have a hard time imagining the scope of Madoff’s greed. Obama’s has been playing out for us publicly for a year. He seems to have been on the take from everyone. I have been thinking of him in terms of the Faust legend. A man sells his soul to the devil for gain the drama comes when the devil comes to claim his soul. It seems to me that O. has sold his soul so many times that there would be devils duelling for it.

  • Kat5

    I fourth your motion. And fifth it.

  • jwrjr

    Two things that Obama and Bush have in common are that a. both are comsumate bullshit artists (both will tell you anything in order to get what they want) and b. both act as though they believe that laws are for other people but not for them.

  • http://deleted Buzz Latte

    Obama is the greediest. And the sleeziest, And the most corrupt.

    NO more drama. Impeach Obama. (yeah, I stole that from somewhere) The sooner we get started, the sooner we can get our country back.

  • jumper

    Michelle Obama is the greediest.

  • apishapa

    Now, who are the biggest fools of the year? THose stupid Obamabots who believed his hype and who kept giving more, more, more. How could they not just look at this one aspect of his personalioty and not know he is completely devoid of empathy for his followers. He knows these are hard times, he has plenty, but he wants more.

    He is going to disappoint every one of those fools, unless they were aware that he is a morally bankrupt crook and a liar, an empty suit, and just thought that is what the country needs.

  • Pat Racimora

    Great comment–Thanks Don X!

  • oowawa

    Once you get everything you want and are surrounded by all of your grinning toadies and toys, sooner or later you begin to notice an empty feeling inside, and notice that the lights are flickering for some strange reason . . .

  • http://uppitywoman08.wordpress.com uppity woman

    If we leave Wall Street, I nominate Franklin Raines, for grabbing 90 million in ‘bonuses” while he tanked Fannie Mae……and then for complaining that he only got to keep 50 million of it. The thief.

  • IndyLindy

    Greedy Person of the Year only works when perched atop the top ten. Then again, maybe the top 100 . . .

  • http://noquarter foxyladi14

    makes me glad that i have nothing to lose,
    freedom is great

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