President Obama's SEC and entire regulatory structure needs to be far better. Consumers cannot wait.
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On NPR yesterday, I revealed that the U.S. Treasury is also running an elaborate Ponzi scheme, selling worthless pieces of paper called "U.S. Treasuries" to unsuspecting investors.
Bernie Madoff set the standard that all financial schemes will be measured against. Fraud has become a competitive sport, and you've got to steal on a major scale to get any respect in the press.
There are crimes you can spot and those you can't. The latter can really hurt you.
It is going to take more than a $750 billion TARP for the newly established "Office of Financial Stability" to right the ship.
Republicans are proposing a 4% home mortgage Ponzi scheme that's the modern day version of "40 acres and a mule." It's every bit the false promise that dashed the hopes of ex-slaves after the Civil War.
President Obama, I have to ask, why isn't Bernie Madoff behind bars?
Sorry folks. Superman still can't fly. Athletes still can't consistently hit 50 home runs, much less 60. And the economy still can't generate new wealth out of the thin air.
WASHINGTON (Reuters) - Top U.S. securities and futures regulators halted a $4.4 million Ponzi scheme that targeted deaf investors in the United States...
UPDATE: MSNBC is reporting that Allen Stanford tried to hire a private jet to flee the US.
According to ABC News, federal authorities do not know the...
Mr. President, help us create "a more perfect Union" from the "bottom-up." You can be the Lincoln of our times and free us from the greed and "top-down" bondage that has brought us here.
Does the Republican ploy to provide 4% home mortgages to boost the economy sound too good to be true? It is. Buyer Beware!
The Wall Street Journal blew its chance to break open the Madoff ponzi scheme three years ago, according to whistleblower Harry M...
Fox Business raises the blinds on Bernie Madoff's notorious three-floor offices in Midtown Manhattan's Lipstick Building.
In addition to the photos,...
While there are many victims in the colossal Ponzi scheme that is the American economy, few of these victims have not in some way been complicit.
Banks have been ripping-off the middle class for years. In addition to user fees, the middle class pays banks large spreads on mortgages, credit cards and other types of debt.
To the extent that Madoff's investors paid taxes on false capital gains, they are owed tax refunds -- with interest; investors may deduct billions worth of their loss against other income.
Do we really believe Ruth knew nothing of her husband's business? The couple spent an unusual amount of time together -- just the two of them.
Madoff pleaded for understanding, explaining, "You do all kinds of crazy things when you're at an impressionable age like 60 or 61."
It's beginning to look like Madoff's business model had less in common with a hedge fund or investment management firm than it did with an online virtual reality game.
Seventeen years ago, federal investigators questioned for the first time whether Bernard L. Madoff was connected to a Ponzi scheme. Their inquiry cent...
As the poor and the formerly middle class Nouveau Poor become the American majority, they will finally have the clout to get their needs met.
Even if Madoff goes to jail today, he still doesn't face indictment for at least another 30 days. The grand jury has been given an extension to deliberate -- and some of us are baffled as to why.
A month ago, Harry Markopolos was an accountant unknown outside Boston's financial community.
Now the slight, bookish 52-year-old from Whitman is u...
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