Word: madoff
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...Madoff, Bernard •long-time secretary of has some stories to tell about, and she tells them...
...excitement over the bank tests was an important replacement for the thrill of Bernie Madoff's weird and exotic life. He was remarkably clever and had great skill in robbing otherwise intelligent people blind. A careful analysis of Madoff's actions has not uncovered much that was not clear in the first few weeks of the investigation other than the fact that the people who gave him money were not intelligent at all. Madoff was such an improbable monster that the public followed the story with untiring fascination week-after-week. Once Madoff went to prison, the magic wore...
...should erase the shabby standards of financial oversight that have weakened us all in the age of Bernie Madoff. Corporate bailouts need to end - but Republicans must be determined to never again adopt a laissez-faire approach to Wall Street. After Black Monday, the Asian crisis, Long-Term Capital Management's meltdown, the Internet bust, the Enron scandal, WorldCom's collapse and the subprime crisis, there is nothing conservative about turning a blind eye to reckless speculation and greed...
...reasons are well known. Debt-fueled and gluttonous, bankers around the world took wild risks that their bosses and regulators failed to stop. Throw in Bernard Madoff's massive fraud, and trust right now is as scarce as good credit. According to the Chicago Booth/Kellogg School Financial Trust Index, a new quarterly measure of Americans' confidence in financial institutions, faith in banks - on a scale of 1 to 5, where 1 denotes no trust and 5 complete confidence - fell from 2.95 to 2.8 in the first quarter of this year; trust in bankers slipped from 2.6 to 2.5. Things...
Adams may not have explicitly foretold the fall of Lehman's or the exposure of Bernard Madoff, but here's a prediction from her 2006 book Essential Astrology for Women: "Corporations will crumble and fall ... Anything with a big pyramid structure and massive skyscraper towers is vulnerable." Dumb luck or precognition? Let's look at her current take on politics. Joe Biden's turn as Veep is ill-starred, says Adams, whereas "Hillary Clinton is set to go up and up. Her chart on the day Obama won was more powerful than...