The papers yesterday screamed the news as the two stories broke almost simultaneously. In one plot, the internal watchdog at the Securities and Exchange Commission found that SEC regulators had bungled numerous opportunities to catch Bernie Madoff as he engineered what became a $65 billion Ponzi scheme, leaving More…
With disgraced Ponzi schemer Bernard Madoff safely behind bars to serve his 150- year prison sentence, the business of figuring out how he pulled off one of the greatest financial swindles of all time is in full swing. The Washington Post looks at three new books out on More…
During George W. Bush’s ill-fated push to privatize Social Security, conservatives condemned the use of surplus retirement taxes to help offset the deficit. But few Democrats or Republicans decry the government’s custom of padding its coffers with fees from an agency with a mission that’s more significant than ever: the More…
Conservative data hound Matthew Vadum shows how several left-leaning groups, such as the Center for Constitutional Rights, were bilked by the just-convicted billionaire swindler. The Picower Foundation and the JEHT Foundation, in particular, were so bankrupted by Madoff’s scheme’s that they shuttered.
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