First to write that Drier looks like and probably is a major douche bag.

Paulie Walnuts is some kind of hell.

Kash and I watched City of Angels last weekend.

I wonder if that letter is genuine. I suppose it is natural to hope that it is. I thought he was a sociopath (and he might be), but it's fascinating to think that someone with the right combination of a narcissistic personality and work ethic can carry off a fraud like this - *without* being a full-fledged sociopath, devoid of human emotion (the way Bernie Madoff seems to be).

Dreier is just as bad. The fact that the numbers are smaller is irrelevant. He stole from clients, from other parties, ruined lives (of his employees, if nothing else) and for what? To appease his colossal ego. He is definitely a major Douche Bag.

To clarify, I don't question the authenticity of the letter - just the sentiment it contains.

Ambiguous 5

American University Alum

SEC Official Stepping Down After 14 Years Heading Dept.
Office of Compliance Inspections and Examinations Had Examined Madoff's Dealings

By Zachary A. Goldfarb
Washington Post Staff Writer
Wednesday, July 8, 2009 3:14 PM

The Securities and Exchange Commission announced today that Lori Richards, head of the Office of Compliance Inspections and Examinations, is leaving the agency after 14 years as head of the department responsible for overseeing brokers and investment advisers.

The Office of Compliance Inspections and Examinations has been under investigation by the agency's inspector general. At least three teams from the office examined Bernard Madoff's business over the past decade but didn't find the massive fraud he was conducting.

the letter is fascinating. disgusting, but fascinating. you know he believes everything he wrote. i believe the first part only: that only the very first act of thievery was made with the intent of "repayment". after that, tho, it was all pure greed and selfishness for him.

he has no idea what makes other people lead lives without stealing!

It's much worse than Madoff. He's a member of the bar. I'm sick of lawyers screwing their clients and violating their ethical obligations, lawyer's creeds, and the rest of those oaths we all took when we were sworn in. Put him away for life. Maybe the rest of those scumbag lawyers out there will take notice.

9 - I agree. It's an incredible window into the workings of a sociopath's mind. Nothing he did would satisfy his ego. I have to imagine that, more than the money and status afforded by his stealing, it was the power trip - being able to claim something over any client or colleague - even the billionaires.

You've got to hand it to a guy who combines false humility with an outrageous sense of entitlement. He was a partner but felt he deserved more. Why? Because Marc Dreier is great? Once you cross that moral line you are doomed unless you own up immediately and change jobs and/or professions.

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