Welcome! This is an unapologetic, agenda-free zone. Just commentaries on current events that’ll move you to think, laugh, rage, and even cry.
As indicated in my original commentary, I thought Madoff might commit suicide to escape the public shame and legal consequences of his historic scheme. It turns out, however, that one of the fund managers who unwittingly feed victims to Maddoff was the first to do so. Specifically, Rene-Thierry Magon de la Villehuchett, 65, lost $1.4… Read more.
Even though an incorrigible shyster, Bernie has a point. After all, he got rich by embezzling and mismanaging only billions of dollars through his Madoff scheme; whereas, Wall Street bankers got rich by embezzling and mismanaging trillions through their predatory mortgage lending and other schemes. Yet the bankers are not only getting away scot-free, the government has… Read more.
If the banking crisis has not convinced you that Wall Street is populated by a bunch of arrogant, greedy and amoral shysters, then the Ponzi scheme now unfolding should. After all, reports are that Bernie Madoff, the erstwhile “pillar of Wall Street”, swindled $50 billion from a motley crew of rich folks, from Hollywood director Steven… Read more.
