Hawaii appears unscathed by Madoff - ...

Hawaii appears unscathed by Madoff - Business

There are 11 comments on the Honolulu Star-Bulletin story from Dec 23, 2008, titled Hawaii appears unscathed by Madoff - Business. In it, Honolulu Star-Bulletin reports that:

The estimated $50 billion investment catastrophe involving alleged fraud by Bernard L. Madoff Investment Securities LLC of New York may not have had any direct impact in Hawaii , local sources say.

Join the discussion below, or Read more at Honolulu Star-Bulletin.

localboi

Kaneohe, HI

#1 Dec 23, 2008
"The state of Hawaii Employees' Retirement System, which provides retirement benefits for state and county government employees, suffered no impact, said Rod June, chief investment officer."

Thank you trustees! Here is another reason why an employee retirement trust NOT controlled by management (and thus also protected from corporate raids) is better than company plans and IRA/401ks. While our retirement system will logically sustain losses in during the current depression, it will survive for the long haul. The State has attempted to gain control of this pot money, but it belongs to the workers who earned it as a part of their payment package.

What if the Bush cronies had succeeded in privatizing Social Security and everyone was invested in Wall Street and this sucker ponzi scheme? Yikes!
localboi

Kaneohe, HI

#2 Dec 23, 2008
pot OF money, hee hee hee!
Mike

Kalispell, MT

#3 Dec 23, 2008
The Madoff episode speaks of greed unbridled.The S.E.C. needs to be retoothed. For an existential perspective let's all start a world wide interest in The Free Flow Philosophy,a manusript by Virgil Hess.Let's see if internet interest will bring this treatise into the public domain.Talk it up on your message boards.
lights out

Alexandria, VA

#4 Dec 23, 2008
Madoff is but a single face in a system rigged to seperate average Americans from their money. Individual investors got screwed over royally by rampant GREED on Wall Street. Tell the average Joe who've seen their investment portflios sink by 40% or more that they haven't been screwed. No impact on Hawaii? Think again - there's thousands of Madoffs still out there and we got screwed by at least one of them.
Criminal perspective

Brooklyn, NY

#5 Dec 23, 2008
During the last few decades of one's life,
the value of a year outside of a jail should be
even greater. Throw the old con men into prison
and let them suffer, while thinking about the
thousands of elderly they've devastated horrendously.Never mind about the white collar
country club prisons like Milken had attended.
Vile and repugnant system!
alice

AOL

#6 Dec 23, 2008
someone was saying that a huge amount of the fraud has been committed by jews. If that is true, I am sure it is not representative of them as a whole.
Arthur Rath

Hilo, HI

#7 Dec 23, 2008
Erika Engle splendidly localized bad-guy Madoff's story. She quotes local analyst Randy Havre whose friends "have now split proceeds between four different money managers." "Between" refers to two parties..."among" is for two or more. Evidently two of the four parties got the shaft is the implication of Havre's remark. Nice pick up, Ms. Engle. You have this spokesperson sharpshooting with solecisms. I enjoy your work.
kent

Montgomery, AL

#8 Dec 24, 2008
Hawaii was untouched because the Jewish community is small. More Jews per capita in an area equals more of Madoffs victims. He ripped off his own people.
Bob

Kalispell, MT

#9 Jan 29, 2009
Is the book, The Free Flow Philosophy, by Virgil Hess an unpublished manuscript,an actual published book, or has it merely been put online?
mike

Ronan, MT

#10 Jan 9, 2014
Moby was swimming off maui' jaws was near the big island A lot of proverbial oceanic activity had transpired and many are waiting and hopeful including Moby himself3
Jaws himself

Ronan, MT

#11 Jan 9, 2014
Its good to see Moby back in the swim no pun intended and when is the big munch or i mean movie going to get going

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