ubikcan

January 20, 2009

The very definition of schadenfreude

Filed under: Uncategorized — ubikcan @ 9:02 pm

is this:

Last week, with family vacations to St. Bart’s and Aspen cancelled, the Upper East Side was swarming with kids. The McDonald’s at Eighty-fifth and Third was packed—and, to most of the younger patrons, if not the sunken-eyed parents, an afternoon there was probably just as good as skiing. (The Web site destroydebt.com had posted a list of “20 Inexpensive Ways to Entertain Your Kids in the Winter.” No. 15: “Count and roll the change.”) At The Breakers, in Palm Beach, the ten-thousand-dollar-a-week cabanas were all booked, but a guest there said the atmosphere was grim. “It’s like everybody’s in mourning,” he said, referring both to Bernie Madoff’s victims and to the people whose stock portfolios had merely taken a dive. “It’s like a member of the family has died, and its name is Money.” A new poolside pastime had emerged, in place of canasta: calling a friend over and showing him a stack of account statements from Bernard L. Madoff Investment Securities—the now worthless things touting those steady ten- to fifteen-per-cent returns—and asking, “What did I miss?”

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