Day December 22, 2008

Big layoffs to hit UK

Newspapers here in London are reporting that upwards of fifteen major retail chains may shut their doors after Christmas and a cabinet minister warns of a “bloodbath” with layoffs in the public sector too. If anything, the economy here looks…

Madoff, the SEC,and the cockroaches

From “The World’s Largest Hedge Fund is a Fraud.” by Harry Markopolos filed with SEC in 2005. (pdf) Red Flag #20. (pg. 11) Madoff is suspected of being a fraud by some of the world’s largest and most sophisticated financial…