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Let me, for a change, be blunt
±$0.00 And it’ll be years before you see that. In response to all those Madoff investors quoted this weekend “waiting to hear how much of their stake is left” and similar. Oh, and anybody who’s taken a redemption directly from Madoff (as opposed to the feeder funds through which most ...
Blunt Advice for Treasury on Progress of the Bailout
nytimes.com — A report criticized the administration for a lack of strategy and challenged its reluctance to help reduce foreclosures. > (more) Blunt Advice for Treasury on Progress of the Bailout
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Sunday links: hidden risks
Abnormal Returns — ... Shouldn’t a Madoff-like scheme have been identified by now?  (NYTimes.com, WSJ.com, Big Picture) “Is there a way to know whether a money manager’s returns are too good to be true?”  (The Big Money) A graphic look at Madoff’s returns.  (Clusterstock, Moomin Valley, NakedShorts) The market still wants an auto bailout.  ...

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