...instead of the sheep, for once. New evidence has emerged showing that fraudster financier (is that redundant?) Bernie Madoff's fund never made a single trade. Not one. Never bought or sold a single share of stock. Which means that I'm a much better investor than Madoff- in two ways actually: I have actually traded stock and have not lost $50 billion dollars (at least, I haven't yet, but I'm young). However, he's a much better fraud than I am. And he's out on bail in one of his multi-million dollar homes, so I guess he's got me there. However, his puny $50 billion ponzi scheme is much smaller than the stock market at large, and therefore was not considered to be "too big to fail".
Friday, January 16, 2009
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