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Madoff Had Accomplices: His Victims
dealbook.blogs.nytimes.com - 3/16/2009
Madoff Had Accomplices: His Victims
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Tempers certainly ran hot on Thursday, as victims descended upon the federal courthouse in Manhattan to hear Bernard L. Madoff plead guilty to the biggest Ponzi scheme in history. Many of the victims wanted help, and in some cases close to full restitution. But in his latest Talking Business ...
More Debt Won’t Rescue The Great American Ponzi
optionarmageddon.ml-implode.com - 3/9/2009
More Debt Won’t Rescue The Great American Ponzi
— optionarmageddon.ml-implode.com — [Reader note: recently Yves Smith asked me to contribute to her blog Naked Capitalism. I hope to... generate a post a week that will be simul-published on NC and OA. This is the first installment.] Policy-makers not only misunderstand the ... (more) More Debt Won’t Rescue The Great American Ponzi

Comments vote down The Mess That Greenspan Made found this 3/9/2009found this
Madoff Life Prison Term Means Inmate Blame for Crash (Update2)
bloomberg.com - 3/12/2009
Madoff Life Prison Term Means Inmate Blame for Crash (Update2)
— bloomberg.com — March 12 (Bloomberg) -- Bernard Madoff, who pleaded guilty today to masterminding the largest Ponzi scheme in... history, may have to fight off prison inmates who want to squeeze him for money or blame him for the Wall Street crash. “Madoff isn’t going ... (more) Madoff Life Prison Term Means Inmate Blame for Crash ...

Comments vote down FinanceProfessor.com found this 3/12/2009found this
ft.com - 3/21/2009
FT.com / Companies - Watchdog fears market ‘Ponzimonium’
— ft.com — US federal regulators have warned of a “rampant Ponzimonium” as they disclosed they are investigating “hundreds” of... possible scams in the aftermath of the $50bn fraud allegedly perpetrated by Bernard Madoff. Bart Chilton, a commissioner at the ... (more) FT.com / Companies - Watchdog fears market ‘Ponzimonium’

Comments vote down naked capitalism found this 3/21/2009found this

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Abnormal Returns:  Sunday links: sucker’s rally?

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Sunday links: sucker’s rally?
Abnormal Returns — ... showdown.  In short, if you were TV that muc you would say some stupid stuff as well.  (MarketSci Blog, Marginal Revolution, The Big Money, Atlantic Business, Curious Capitalist, Crossing Wall Street, Ultimi Barbarorum, Will Wilkinson) Were Bernie Madoff’s victims entirely blameless?  (DealBook, Predictably Irrational, Big Picture) AIG ...

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Madoff's Future: Where the Case Is Likely to Go
dealbook.blogs.nytimes.com 3/13/2009 — Peter J. Henning, a professor at Wayne State Law School, occasionally writes as a guest blogger for the Deal Professor. Mr. Henning specializes in issues related to white-collar crime and is a former editor of the White Collar Crime Law Prof ...
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How a Blog Might Have Stopped Madoff
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Taleb Idiocy Watch
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On protectionism c. 1909
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Lessons for the S.E.C. From the Madoff Debacle
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Wave of “Anti-Ponzi” Legislation May be Coming
securitiesdocket.com 3/5/2009 — Several states and Congress are considering new legislation as part of an effort to prevent future Ponzi schemes. The National Law Journal reports that Florida and Connecticut lawmakers have both proposed legislation in this area, and that the U.S. Congress has, as well. In Florida, ...
Walter E. Williams : The National Ponzi Scheme
townhall.com 2/4/2009 — The U.S. Securities and Exchange Commission (SEC) was set up to combat fraudulent practices. The SEC's website explains that "Ponzi schemes are a type of illegal pyramid scheme named for Charles Ponzi, who duped thousands of New England residents ...