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Brette McSweeney
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Does it hold that even if one person connected to the scheme noticed the fraud (such as the analyst in Boston in this case), other investors can still claim to be giving in good value and acting in good faith? So it's not just that the Katz Wilpon investors ought to have realized based solely on the outsized returns, but that someone did in fact realize. I know the scale of the Madoff scheme is beyond any previous scale of fraud and swindling, but isn't the $1 billion reclaimed by Irving Picard impressive? And part of that is money returned by early investors, correct? Finally, don't you enjoy how the trustee Irving Picard is referred to, at least in communications from his attorney, as The Trustee. As in "The Katz Wilpon defendants are wrong on the facts and wrong on the law. The Trustee will prevail." The Dickensian aspect with this one expands by the day.
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This WIP comes at a fascinating time in the public discourse on, well, the public discourse and on how to have and display political emotions, don't you think? Perhaps this is too literal a reading, but what becomes of political emotions when a government marginalizes the arts of poetry, music, and dance? And how can a time and place when the value of art was recognized ever be returned to? On a related note, one of my strongest memories of the 2000 elections was of tuning in to see Charles Osgood on CBS Sunday Morning and as he presented a recap on the latest in the recount, and as we were moving deeper into December, he let slip a few bars of "We need a little Christmas, right this very moment..." On either a related or unrelated note, there is now the the Grey's Anatomy effect of deploying musical conclusions to a non-musical production as an audial semaphore to the viewer to feel mournful/hopeful/wistful.
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Jan 24, 2011