tag:blogger.com,1999:blog-5465015914589377788.post3158093100584495967..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Madoff Wants to Keep $62 MillionMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5465015914589377788.post-52576889021236603532020-10-30T13:31:26.814-04:002020-10-30T13:31:26.814-04:00The middle reply above is a response to Thicken My...The middle reply above is a response to Thicken My Wallet's comment:<br /><br />If you have already blown $50 billion, a claim in the tens of millions is a rounding error in one's mind.<br /><br />Sadly, unless they can prove his wife was in on this or the property was transferred recently, he has a decent legal argument. Law is, indeed, an ass sometimes.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-27030716989073175322009-03-03T18:49:00.000-05:002009-03-03T18:49:00.000-05:00Brian: Agreed. I've got my fingers crossed :-)Thi...Brian: Agreed. I've got my fingers crossed :-)<BR/><BR/>Thicken: I certainly hope that lawmakers will dig hard enough to find links between all of the Madoff family assets and the fraud.<BR/><BR/>Gene: I've heard similar things about smaller numbers. Apparently, 9 seems more impressive than 10 in the right context. It make sense that this would be the case for larger more abstract numbers in the millions, billions, and trillions.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-5249080649673001292009-03-03T17:53:00.000-05:002009-03-03T17:53:00.000-05:00Thanks for breaking it down into a million dollars...Thanks for breaking it down into a million dollars a day for 130 years. Large numbers are hard to conceptualize.<BR/><BR/>I was going to forward you an interesting link about how the human mind deals with large numbers, but I can't find the link. The findings were something like this: the size of the number preceding units has more impact than the actual units. So, for example, people are more impressed by $845 than $1 thousand, or $720 million than $8 billion.genehttps://www.blogger.com/profile/05608927986297939720noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-89134963832135016972009-03-03T10:22:00.000-05:002009-03-03T10:22:00.000-05:00hmmm, lets hope that the american justice system d...hmmm, lets hope that the american justice system doesn't fail us, just like the finacial regulatory system did here.Anonymousnoreply@blogger.com