We sent this clip your way yesterday but failed to mention the highlight at 5’20. Take it away, Bernie:
“‘In today’s regulatory environment, it’s virtually impossible to violate rules…this is something that the public doesn’t understand…it’s impossible for a violation to go undetected, and certainly not for a long period of time.”
Seriously this is the funniest shit ever.
“Most firms follow the rules” (well except for us)
“Impossible for violations to go undetected for any length of time” (except mine)
Epic.
“Perp Fiction” movie clip:
Samuel Jackson: DESCRIBE WHAT BERNARD MADOFF LOOKS LIKE!!!
Andy: (trembling) What???
Samuel Jackson: SAY WHAT AGAIN! SAY WHAT AGAIN! I DARE YOU, I DOUBLE DARE YOU MOTHERFUCKA!!! SAY WHAT ONE MORE GOTDAMN TIME!
Andy: (still trembling) He’s old…
Samuel Jackson: GO ON!!!
Andy: He’s Jewish…
Samuel Jackson: DOES HE LOOK LIKE A BITCH?!?
Andy: (still trembling) Wha?
(end scene.)
Got to ask- what is with the gentleman behind Bernie doing the stealth self-pleasuring? Jeez.
This was probably reported, but Bess, where’s the story that E.Spitzer attended a party at “Happy Ending” in ChinaTown. Kid u not.
This was probably reported, but Bess, where’s the story that E.Spitzer attended a party at “Happy Ending” in ChinaTown. Kid u not.
“at 5:19, not to say there are any abuses because im sure there are”
ohh uncle bernie soo silly…
The sack on this guy…!
#2, hahahah, brilliant!
Best part is he’s talking normally, steepling fingers, hand-waving and then he says:
“Impossible for violations to go undetected for any length of time”
and then he immediately touches his lips/mouth with his fingers.
That guy is also a lousy poker player, I can tell you right now.
Starting at 13:15,
“We determined that the best thing for us to do was to take the human being out of the equation…turning it over to a computer to make your decision, I guess you could program the computer to violate the regulation, but we haven’t gotten there yet.”
Thought bubble – Haven’t you and the other squirrels finished that damn programming yet, Josh?
and…
“We were able to take an operation that had let’s say 40 people doing 300,000 transactions a day…we have a team headed by Josh and what 5 people, 6 people? Handling that same thing that 50 people might have been involved in…”
“It’s much more efficient to operate off a floor. When you went up to our firm and said ‘I’m surprised how quiet it is’…”
Old Josh ought to be getting himself a good lawyer, if not fleeing the country.
dude,
you should use something like splicd for excerpts from youtube clips.
here’s a sample for the madoff clip:
http://splicd.com/auSfaavHDXQ/318/377
dot-com crash unemployee who made transaction software is, with no experience, given a job by Madoff to be the firm market maker.
Josh, you are so screwed.
Of course, Bernie is speaking about his market making business and not his investment advisory business, but the irony is not lost.