|
|
|
AP / Louis Lanzano
|
It’s hard to believe that it has already been two years since the implosion of Bernie Madoff’s devastating Ponzi scheme, and it’s hard to comprehend why the fallen financier would choose this moment to unburden himself to New York magazine’s Steve Fishman ...
|
AP / Louis Lanzano
|
The cash pot available to compensate victims of Bernie Madoff’s massive Ponzi scheme has grown by $7.2 billion after a settlement was reached with the estate of a Palm Beach client of the Wall Street shyster.
|
AP / Louis Lanzano
|
Despite several occasions when he thought he had been nailed by the SEC, Bernard Madoff continued with his Ponzi scheme, revealing in his first jailhouse interview that he was “amazed” that he got away with it for so long. Madoff spoke to lawyers about his financial larceny Tuesday, during which he was called both candid and an “absolute gentleman.”
|
|
Patrick Chappatte, The International Herald Tribune —
|
AP photo / Louis Lanzano
|
By Robert Scheer — Bernard Madoff should be exhibit A in why the dark world of totally unregulated private money managers and hedge funds should be opened to the light of systematic government supervision. Instead, he is being treated as an aberrant menace.
|
minimemodelworks.com
|
File under “honor among thieves?” A group of prominent investors in Bernard Madoff’s failed financial enterprise are being investigated by the U.S. attorney’s office in New York City for allegedly playing Madoff’s fraudulent system to their advantage.
|
U.S. Department of Justice
|
David Friehling, the accountant of Bernard Madoff (pictured above), was arrested Wednesday on charges of securities fraud. Friehling is the first alleged accomplice to be named by authorities in connection with Madoff’s $65 billion Ponzi scam, though the accountant was charged with auditing failures, not direct participation in the scheme itself.
|
|
Pat Bagley, Salt Lake Tribune —
Posted on Mar 16, 2009
READ MORE 
|
|
By Eugene Robinson — In a sense, we’re all Bernie Madoff. We’ve been running our economy in accordance with his accounting principles for a generation—and now we face a most unpleasant reckoning.
|
|
Satire by Andy Borowitz —
Global markets swooned this week in reaction to photos showing that President-elect Barack Obama had lost his shirt.
|
|
By Amy Goodman — Bernard Madoff’s criminal pyramid scheme, in which losses are expected to be $50 billion, paints a grim picture—unless you are a corporate executive. Read the fine print. Of the TARP bailout funds, only those that were technically spent “in an auction” carry limits on executive pay.
|
View the most popular tags overall?
|
|
Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery
Newsletter 
Like Us
Follow Us
Get Our Feed
