Bernard Madoff (3)

Tuesday, December 16, 2008 at 11:27AM
stickman in Herd on the Cliff

Aren't you glad Madoff was advising the the SEC? That's a real confidence builder in my book Internet security companies always hire high school hackers. They know what their doing. . Makes perfect sense to me. Why? Bernie truly understood securities fraud. He wrote the book. At least he had real insight on how to be a crook. Takes one to stop one. Nicely done!!!

 

 

The Perfect Ponzi

By Henry Blodget

December 13, 2008

As the investigations into Bernie Madoff's gigantic Ponzi scheme continue, one thing is becoming clear: The reason it lasted so long and got so huge is that it was superbly executed.

In fact, if the global economic collapse had not prompted a mass of Madoff investors to demand their money all at once, it likely would have gone undetected until after Bernie's death (and possibly longer, if--as many people assume--his family was in on it.)

Read Full Article at: http://clusterstock.alleyinsider.com/2008/12/the-perfect-ponzi

Article originally appeared on Extraordinary Popular Delusions and the Madness of Crowds (http://extraordinarypopulardelusions.net/).