Madoff boat, no bull
Bull, Bernard Madoff's boat, was seized from a marina in Fort Lauderdale today.
Really. Bull. You can see its name if you look carefully in this photo.
Did the guy love irony? Did he have to go floating around in something that talks of bull stock markets or the euphemism for what his operation was?
Don't know all the facts yet, but it looks like Bull is a 55-footer that may have been owned by his wife and that Ruth Madoff reportedly had another, smaller boat called Little Bull.
My, they must have liked to go fishing. For something. Or someone's money.
I just couldn't help but think of the title of the classic Wall Street book. The one question an investor asked after he saw his stockbrokers' yacht, was, "Where are the customers' yachts?" It's by Fred Schwed and still in print.
Amazon says: Humorous and entertaining, this book exposes the folly and hypocrisy of Wall Street. ,,,,,, Of course, none of the customers could afford yachts, even though they dutifully followed the advice of their bankers and brokers. .
Broker, that's what my broker made me, the joke goes.
Bull
A word to live by?
I'm sure Madoff's thousands of investors have a few choice words for this occasion.


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