Dec 27, 2008

You Do The Math

Authorities are threatening poor Bernie Madoff with some time in Club Fed and a potential fine constituting the staggering sum of five million dollars.

Now since Bernie admitted to copping the stray fifty billion dollars to tide him over in his golden years, Ming, as a dedicated abacist has recourse to his trusty abacus to compute the wages of sin.

After much angst and expletives best left deleted, Ming keeps getting the same answer and the answer is those wages of sin compute pretty good. Five million is one hundredth of one percent of fifty billion.

Admittedly, if this was an ongoing Ponzi scheme there might not be that much left although any monies paid out over the last six years are fraudulent conveyances subject to forfeit to the bankruptcy referee as would all monies paid out if this was an ongoing conspiracy from inception.

On the other hand, Bernie says there was only two or three hundred million left and a man of his position in the community can surely be taken at his word.

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