By: Ian Welsh Wednesday December 31, 2008 12:42 pm
Ian Walsh nails it with a short and sweet indictment of Bernie Madoff being representative of the past few decades:
Okay, let's point out the obvious: the fact that Bernie Madoff was a crook was known to every competent financial professional. If they didn't know that, it was because they weren't competent or they didn't want to know and if they didn't want to know, they weren't competent. It is impossible to make 1% a month, every month. Impossible. . . .
Recent comments