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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: bentway5/14/2009 7:50:49 AM
of 306849
 
Frontline: The Madoff Affair

pbs.org

Great show covering Bernie Madoff's world record Ponzi scheme. Truly, a con man for the ages. Premiered last night.

What struck me the most was the willfull blindness and lack of due diligence shown by the greedheads that forked over TENS OF BILLIONS to Madoff, and the total ineptitutde of the Bush SEC.

How can people invest TENS OF BILLIONS without asking any questions? Without wondering how this guy was returning 20%+, month after month, good year and bad? They deserve to lose every cent they lost. They shouldn't recover a dime.
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