Daily financial crime blotter
Madoff under house arrest as SEC admits failure to act. Why does Madoff have bail at all? He should be in jail. As for the SEC and the failure of regulatory agencies, this isn’t just because of incompetence or neocon…
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Tag Madoff
A look at Madoff trading records
A Madoff client who may have lost upwards of $1.8 million has leaked copies of the trading records to Dealbook. The trades look authentic, but at this point no one know if they actually happened or not. Madoff has admitted…
Madoff. Greed and larceny always part of a scam
The suspicion that something was wrong. Lots of people, it seemed, believed Madoff was running some scam. Insider trading, front-running, something the “New York people” knew how to do that let them earn consistent returns for decades. They just never…
Madoff story. Bigger than Enron
From the savvy Doug Kass as the Madoff story was initially breaking. If the Madoff story is correct, it is the single biggest financial story of the year. Indeed, it is bigger than Enron or Tyco, bigger than Boesky and…
Madoff. Dreier. More wreckage from the neocon agenda
The neocons, Greenspan, and the Bush Administration deliberately tried to destroy governmental regulation so financial markets could operate without intervention or oversight. The current massive frauds and thefts are the logical conclusion of those policies and probably just the leading…