A reader points out that both the Madoff boys borrowed $10 million or so from Dad with no expectation on anyone’s part that they’d have to pay it back. But as the result of the fed’s seizure of all of Bernie’s assets last week, ownership of those loans now rests with the federal government, not dear old Dad, and there may be a demand for repayment forthcoming. Catherine Hooper has already begged off future fishing trips with her paramour but Mark Madoff professes to be unconcerned: “I can always get a fishing date,” he boasted last week, “based on my good looks alone.”
Flyrods have been pawned but we still have sticks!
Chris, just how underwater are the boy’s homes? Didn’t they manage to hit the top of the market pretty well?