It would be a lot more funny if he hadn't robbed people

[saintcynr]

In an era of faceless organizations owned by other equally faceless organizations, Bernard L. Madoff Investment Securities LLC harks back to an earlier era in the financial world: The owner's name is on the door. Clients know that Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical

Comments

Re: Madoff who?

[saintcynr]

Pretty incredible fluff considering what he did, eh?

Anyway, I think I might need to avoid the news more, myself.

Just $2B

[cheryl_f]

And I remember when (years ago) the talking heads all said "the only people hurt by Ponzi schemes are the ones who get greedy". HA! It wasn't true then and it's not true now. It's the ones who believe their brokers/friends/bartender when they say "This is a good deal."

Re: Just $2B

[saintcynr]

Exactly. I read a piece the other day that said white collar crime destroys more wealth than all violent crimes put together.

[mikec1157]

I see that in China, that they shoot people who do these con games in a big way....maybe we should too.

[saintcynr]

Concur.