Wilpon might not be broke afterall


Tom Tango points out that since Madoff had been paying dividends for a while and Wilpon was a long term investor, he might not be so screwed after all. Ponzi, or pyramid schemes, only really bone the last people to sign up before they collapse, so given how numerous portfolio's of various ilk lost 50% of their value or more in the recent global financial turmoil, Wilpon's Madoff investment may have even provided a greater rate of return then others. So don't look for the Wilpons to sell their stake in the Mets any time soon, or at least not because of the Madoff fraud anyway.