January 19th, 2012
Ask investment professionals questions that creep into uncomfortable territory and you’ll be glad you did. Go ahead and say it: (more)
November 13th, 2011
The Securities and Exchange Commission, which failed to stop Bernard Madoff’s long-running investment fraud despite repeated warnings, has disciplined eight agency employees over their handling of the matter but did not fire anyone. (more)
November 8th, 2011
The story of fraudster Bernie Madoff will soon be hitting the big screen with Robert De Niro, America’s favorite villain type-cast, playing the ruinous financial villain who ran the largest Ponzi scheme in American history. (more)
October 31st, 2011
The son and wife of convicted stockbroker Bernie Madoff said they had no inkling he was running a $50 billion Ponzi scheme until he came home on a December night three years ago and gathered the family together. (more)
October 5th, 2011
NEW YORK (CNNMoney) — Nearly three years after Bernard Madoff’s Ponzi scheme unraveled, his victims are getting their first piece of the stolen funds. (more)
September 3rd, 2011
Texas Governor Rick Perry has been criticized for saying that Social Security is a Ponzi scheme. But he’s absolutely right, and he is hardly the first guy to notice. I figured that out 30 years ago. (more)
September 2nd, 2011
(Reuters) – Barclays Plc was sued for $67.4 million by the trustee seeking money for victims of Bernard Madoff‘s Ponzi scheme. (more)
February 23rd, 2011
Looks like Madoff tried to rip off Qaddafi’s government. (more)
December 27th, 2010
As I do at the end of each year (which usually elicits many e-mails, but I am going to do it again anyway), here is my look back at 2010. (more)
December 15th, 2010
RNC Chair Michael Steele is claiming credit for the Republican wave in 2010, but he was just along for the ride — literally. Spending the last months of the campaign season driving around the country in a bus on his magical mystery tour, Steele may have been inhaling the spirit of Ken Kesey and his Merry Pranksters, but he sure wasn’t leading the party where it mattered — in fundraising or field operations. The only person who promised more and delivered less in the last two years was Bernie Madoff. (more)
October 29th, 2010
September 28th, 2010
The other week, Symantec, the Fortune 500 company that makes computer security software, held the first Internet-only annual meeting. There were a couple screw-ups, however. (more)
August 26th, 2010
The stock market stinks and insured savings accounts pay zilch. US Treasury securities are safe, but you’d starve if you had to live off the interest. So what’s a guy to do? (more)
August 20th, 2010
The Social Security Trustees recently released their annual report on the state of the Social Security program, and it’s not pretty. For the next 75 years, the liability now stands at nearly $8 trillion. Projected into the infinite horizon, this debt stands at $18.6 trillion. The unfunded liability is the difference between the benefits that have been promised to current and future retirees and what will be collected in dedicated taxes. This means that the government would have to have such an amount in the bank today, earning interest, in order to pay Social Security benefits into perpetuity. (more)
July 1st, 2010
The Washington Post today reports on the breaking news that the FBI has broken up a Russian spy ring in the U.S.: (more)
June 2nd, 2010
If you were tasked with creating a new government health program, what would you use as a model? Would you try to emulate a profitable, sustainable business from the private sector, or would you shoot for the huge budget shortfalls and customer service record of the U.S. Postal Service? (more)
May 20th, 2010
Sen. Richard Shelby, Alabama Republican and the ranking Republican member of the Senate Banking Committee, gave a final speech on the Senate floor Thursday in advance of the final vote to pass a financial regulation bill, which passed later in the evening. (more)
April 29th, 2010
Question: What do Sarah Palin, Lady Gaga, Barack Obama and Jet Li have in common? (more)
April 22nd, 2010
It is so sad it’s almost funny when a majority political party thinks if they name legislation something positive, the negative aspects will not be examined. There is no debate against the fact that our financial services system is damaged. With remaining scars from Goldman Sacs, Bernie Madoff and others, there is a need for reform. However, the democrats’ definition of such as seen through this recent bill begs to differ from what is really required for us to escape the continuing turmoil of recession. (more)
April 21st, 2010
You are going to be tempted. You may already be as guilty as Bernie Madoff himself. (more)
