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Posts Tagged ‘what’s up with Bernie Madoff’

Who Really Deserves to ‘Pay’ for Bernie Madoff’s Fraud?

Posted by Larry Doyle on December 9th, 2010 8:04 AM |

Bernie Madoff is back.

While news of deficits, tax packages, currency devaluation, and the like capture the business headlines, is there any doubt that far more people in our nation are interested and intrigued by what is going on with the Madoff scam? I have no doubt.

I have very mixed feelings about Irving Picard, the trustee assigned to recover funds for those victimized by Madoff’s Ponzi scam, going after Wall Street institutions and foreign banks who knew or should have known of Madoff’s operation. Mixed feelings? Am I going soft? Shouldn’t these institutions be held to account? Let’s navigate. (more…)






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