Tragedy Madoff

Dennis 2022-03-26 09:01:11

Although I can't remember what Madoff himself looks like, I feel that Robert De Niro's style is quite harmonious.

The movie is "Fraud Master", about the Madoff fraud case, which was crowded out during the 2008 subprime mortgage crisis. The amount exceeds $60 billion. According to some details given in the film, Madoff started this Ponzi scheme for 15 years, and if it hadn't been for the last mortgage crisis, it might not have ended.

The more exciting part of this movie, or to be more precise, the more interesting place for people who like financial markets, starts after the halfway point of the movie. At that time, Madoff began to cheat money everywhere in order to fill the hole. Some people get scammed, and some people find the problem. Although they couldn't say what the specific problem was, their keen sense of smell allowed them to escape. There was an old man who sensed a problem just by virtue of one illogical detail. It's all common sense at work.

Madoff's two sons, one committed suicide, the other died, this may be his greatest pain. He was sentenced to 150 years in prison, but he will get used to the loss of his freedom, but his two sons are gone. For Madoff, what is the room for relief?

The film is a biographical film, and there's not much to talk about other than the story itself. I have "studied" the Ponzi scheme more carefully for a while. There are things that are everywhere in life, but some luck is good, and there is no explosion.

How a Ponzi scheme collapses is a run. When all stakeholders make withdrawals at the same time, the Ponzi scheme naturally cannot be redeemed. And the bank, more or less, has such characteristics. No bank in the world can take out the money of all depositors at the same time. Many U.S. banks that collapsed in 2008 were run to death in this way, and they themselves did not have any fraud or investment mistakes, just because they were run.

(A lot of people darker than Madoff are probably still at ease. It's all about seeing who gets unlucky.)

Madoff and two sons

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Extended Reading

The Wizard of Lies quotes

  • [the Madoffs watch TV as they attempt suicide by Ambien overdose]

    Ruth Madoff: Can't we just have quiet?

    Bernie Madoff: I can't fall asleep unless I watch something.

    Ruth Madoff: You just took a whole fucking bottle of Ambien, Bernie. Sleep's not gonna be your problem.

    Bernie Madoff: My mind races.

    Ruth Madoff: Fine. Our last night on Earth will be you, me and Judy Garland. How romantic.

    Bernie Madoff: Let's not get started, Ruth.

    [Bernie takes Ruth's hand]

    Bernie Madoff: We had a good life, didn't we?

    Ruth Madoff: Hmm. Yeah. Until you ruined it.

  • Frank DiPascali: In my expierience, and I mean this, there's only four different types of pussy. Okay? I'm dead serious. You got your... Let me show you. I just saw one. All right, right there. See there? That's your Honda Civic pussy. Gets you where you wanna go. No shame in this pussy at all. Reliable. You just, you know, you're not gonna be proud to be seen riding around town in it, am I right? Nothing against her.

    Andrew Madoff: What's going on?

    BLM Employee: It's the world according to Frankie over there.

    Frank DiPascali: Right there. You see that there? That's your Buick Regal pussy. A step up from the Honda. Uh, generally, they're cleaner, okay? Roomier, you fit more passengers in there. I guess there's pros and cons to that in a pussy. You know, lovely pussy. Nobody's gonna mistake it for a Benz, though, am I right? Am I right, Robert? Okay, thank you. God bless you.

    Frank DiPascali: [continues] Next up, my personal favourite. I just saw one. There. Now, don't make it obvious. Right there. That is you Lincoln Continental pussy. Beautiful. Just... It's just right. You know what I mean? Like Goldilocks, just right. It's not too fancy, it's not too plain. It just... It's just comfortable. It just fits. No, no, it's like an old pair of slippers except instead of your foot, you put your cock in it. Am I wrong?

    Frank DiPascali: [continues] No, no, stay with me and hold all questions till the end. Okay. Right tere, you see that? Ugh. There it... Read it and weep. It's your Mercedes-Benz pussy. Right? Look at it. I mean, it's beautiful. It's just a feat of vaginal engineerig. No, it handles just great. It's sleek, it's tight, it looks good, it feels good, it smells good. But a lot of upkeep. Yeah? Payments are murder and you gotta wax it, you gotta polish it, you gotta talk to it, you gotta listen to it. And, most importantly, you gotta remain ever-vigilant that nobody fucking jacks it, right? You don't have to worry about that, 'cause you'll never get near anything like that. So don't worry about it.