The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: The Reaper who wrote (171522)	12/15/2008 8:11:19 PM
From: RockyBalboa	Read Replies (1) of 306849

So does that mean that the SIPC makes whole on investor losses and is therefore looted, with court approval? Great... AP Judge signs order to protect Madoff investors Monday December 15, 6:28 pm ET Judge signs order to protect Madoff investors and moves case to bankruptcy court NEW YORK (AP) -- A federal judge has signed an order saying investors who may have been duped in one of Wall Street's biggest frauds need the protection of the Securities Investor Protection Act. Judge Louis Stanton also directed that proceedings to liquidate the assets of Bernard L. Madoff Investment Securities LLC be moved to bankruptcy court. The order was signed Monday afternoon after the Securities Investor Protection Corp. submitted papers asking for the protection for investors. Stanton assigned Irvin Picard to preside as trustee over the liquidation. The order came just days after federal prosecutors charged Madoff with securities fraud, saying he had admitted squandering nearly $50 billion from investors in a massive Ponzi schem

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