Group Think, Duct Tape and Slam Dunks
Madoff
Billions in Drug and Organized Crime ‘Dirty Money’ Funneled Into Bernie Madoff’s Operation
WASHINGTON, Feb. 4, 2009 (CBS) By CBS News chief investigative correspondent Armen Keteyian and Investigative Producer Laura Stricker. On Capitol Hill Wednesday, the financial analyst who first blew the whistle on Bernie Madoff back in 2000 went public for the first time, stunning lawmakers with the full scope of the $50 billion fraud. CBS News […]
MoreMadoff Records Are “Utterly Unreliable”
Dec. 17 (Bloomberg) — Bernard Madoff’s ability to avoid scrutiny from U.S. regulators for years shows that the monitoring system is “broken and has to be fixed,” former Securities and Exchange Commission Chairman Arthur Levitt said. Levitt, a senior adviser to Carlyle Group, said today in a Bloomberg Radio interview that the SEC must respond […]
MoreSEC Under Scrutiny in Madoff Case
Senator: The SEC “Letting Down the American People” ABC NEWS By BRIAN ROSS and RICHARD ESPOSITO Dec. 15, 2008— As the list of victims continues to grow and investigators examine how Bernard Madoff allegedly ran his massive scam, some are questioning how Madoff avoided detection for so long. As a registered investment advisor since 2006, […]
MoreSmall Banks Getting Short End of Tarp Bat
SEEKING ALPHA William Patalon III Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China’s second-largest lender when that deal […]
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