The Washington Independent

Tuesday, May 29th, 2012

Posts Tagged Scheme

And By the Way, Where Did that $50 Billion Go?

By | 12.12.08 | 8:56 am

That’s the question Yves Smith at Naked Capitalism asks about Bernie Madoff’s huge Ponzi scheme. He also raises another good point: Why didn’t Madoff make a run for it?

Wall Street’s Old-Fashioned $50 Billion Swindle

By | 12.12.08 | 8:49 am

Forget credit default swaps, mortgage-backed securities and all those complicated financial instruments that are causing the economy so much trouble. Wall Street is reeling today instead from a straightforward, by-the-books, $50 billion Ponzi scheme apparently orchestrated by the once-respected investor Bernard Madoff, a former chairman of the Nasdaq Stock More…