NEW YORK — Allegations were made in behalf of investors burned by Madoff’s scheme.  The complaint claims that the Mets “received approximately $300 million in fictitious profits” from hundreds of accounts funded by “other people’s money”.

If you make $300 million dollars off a fictitious investment, there is nothing fictitious about it.  It’s real money.  That’s how the financial markets work, that’s how a Ponzi scheme works.

I see no difference between the Madoff scheme and the 2008 financial crash.  In both cases, duck-duck-goose was played with worthless assets until the goose lost it all.  When Goldman Sachs started to buy credit-default-swaps to cover their risky sub prime loans, they were essentially cashing out of a Ponzi scheme which was the credit crisis.  The Mets are the Goldman Sachs of the Madoff situation.  A middle man who won.  They shouldn’t pay a cent unless Goldman reimburses all the retirement funds which nearly went bankrupt in ’08.

However, unlike Goldman, the Mets didn’t cash out of the Ponzi scheme because they had the gumption to do so.  They cashed out because they needed money to run the fucking Mets.  Who would have thought that feeding Oliver Perez’s salary would have saved them money?