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The Real Scam: $28 Million for "Court-Appointed Trustee"

$28 Million to pay the expenses of the "court-appointed trustee"?!@#

Let's not talk about the allegations made against me. This type of court-authorized payment is completely out of control, and I'm going to instruct Ira to file a petition with the Court to rescind this.

$28 million for what kind of "liquidation expenses"?? Between what I paid Frank D., Ira's annual retainer, office expenses (including postage for the monthly statements sent to every account holder), my annual expenses were less than $2 million!!!

Is anybody asking the trustee to provide a budget in advance?? Of course not, not one single Congressman asked John Paulson for a list of of proposed allocations before they gave him $750 billion!!

This country is going to shit, and we can only hope that the new President turns this mess around! Chuck Schumer, if you're reading this, for God's sakes--I paid thousands to your campaign committee! What the hell did I pay for?? Tell Frank and Hilary that a committee needs to be formed immediately. I'll happy to testify!!!

If you don't mind, I'll be showing up in my bathrobe. Ira just bought me a carload at Bergdorf's; he says I need to wear one all of the time now..

Full post as published by Bernard Madoff on December 29, 2008 (boomark / email).