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Entries tagged with 'Bernard Madoff'


I spy two Cabinet nominees

With Bernard Madoff's guilty plea, and Judge Sharon Keller's predicament, our president now has two more candidates for his Cabinet. Charles S. Myers, Rowlett...


AIG execs go scot-free

I don't see much difference between Bernie Madoff and AIG executives, except Madoff will be the only one who will have to pay for his crime. Amy Powell, Dallas...


Feds do bilking bigger

While I view the money lost by Bernard Madoff's Ponzi scheme a tragedy for both individuals and charitable organizations, I am still confused as to why Madoff's crime is continually reported as the largest Ponzi scheme ever. Could someone please...


Firms need mandatory audits

As a retired CPA, I am perplexed by the Bernard Madoff and R. Allen Stanford Ponzi schemes. I have to ask: Where were the auditors? Such investment firms should be audited and CPA auditing procedures should at least disclose whether...


Here's a massive Ponzi

Re: "Plea deal for Bernie? Don't go there," Saturday Editorials. Hits and Misses states that Bernie Madoff is accused of carrying off the biggest Ponzi scheme of all time. I beg to differ. The U.S. government is carrying off the...


On Bernie Madoff: Greed skipped a generation

Re: "Madoff mentality -- We all fell for the idea of huge financial gains without any risk, says Eugene Robinson," Wednesday Viewpoints. Do not pile me in with the likes of Bernie Madoff. I own a small house, a small...


Hard time for upscale thieves

Re: "Funds for future DNA testing lost in scandal -- Foundation invested with Madoff; Innocence Project says money it has is safe," Wednesday Metro. The money was not really safe -- fortunately Bernard Madoff could not steal it or tie...


Ponzi exit strategy

By definition, there is no exit strategy for a Ponzi scheme; you need a constant supply of new blood to funnel money up to the old blood. So, after the Bernard Madoff news, I've been wondering: What was his exit...


Capitalism in for a change? (Topic of the Day)

Anne Applebaum penned an interesting column, which is slated for inclusion in Points this Sunday, about the effect all these financial scandals are having on U.S. capitalism. Are we about to make the shift from a "high trust" culture to...


The financial fraud of the new century?

There's so much to be learned about Bernard Madoff's massive, decades-old fraud. A $50 billion game of three-card monte? For a point of comparison, this fraud in absolute dollar terms is about 7 percent the size of the Treasury's overall...

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