Wednesday, July 1, 2009

Bernie Madoff - A Scapegoat

The verdict's out and Bernie will be in prison for life. But some questions remain unanswered.


For instance, how could a $65B scandal go on unnoticed for so long and how could it have been perpetrated by just one person. Don't his books get audited? Can you imagine he confessed after all these years and that it was his own sons who blew the whistle on him?!!


Also, what happened to all the money entrusted in his funds - all wiped out due to plunging markets?


I find it all much too contrite that one man could do so much rigging all by himself. Surely his children and some members of management in his office were in on it. So, what are the authorities going to do about this? Another conspiracy, another tale to be told.

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