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Bernard Madoff

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salon.com - 1/7/2009

Bernie Madoff, economy, scandal, investments | Salon Life

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Jan. 7, 2009 | I was standing in my kitchen wondering what to have for lunch when my friend Taj called. "Sit down," she said. I thought she was going to tell me she had just gotten the haircut from hell. I laughed and said, "It can't be that bad." But it was. Before the phone call I had 30 years ...

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I Believe
N/A — ... analogy: corruption and credit are stoked by the same forces. Cheap money engenders a surfeit of trust, and vice versa. (The word “credit” comes from the Latin for “believe.”) The same overconfidence that leads investors and lenders to underestimate the risks of legitimate investments also leads them to underestimate the likelihood of fraud. I believe Madoff is just the tip of an iceberg that will chill people as more investors great and small take a bath.

Brainster's Blog — The First Sign You're In Trouble Reading this article on an author who lost a small fortune in the Bernie Madoff scandal, this popped out at me: I often asked Richard, the head of our feeder fund, how Madoff made such consistently good returns. Although Richard tried to explain it to me, it was clear he didn't know, either, because I'd leave our meetings still unable to explain to anyone else how it worked. Years ago, I partnered with another real estate guy to make mortgage loans on apartment complexes. We had one ...

Nancy Goldstein: How the Madoff mess hits women
Politics on HuffingtonPost.com — ... For all the ink that's been spilled on the Madoff investment scandal, I've read nothing about its impact on funding for progressive women's causes -- which is considerable. Simply put, only a small pool of foundations are funding litigation and advocacy work related to criminal justice or constitutional rights; the pool that supports related programs targeted to women is smaller still. With the recent shuttering of two of Madoff's clients, the Picower Foundation and the JEHT Foundation, that pool has shrunk to a puddle. ...

D-I-V-E-R-S-I-F-Y
Sound Politics — D-I-V-E-R-S-I-F-Y If "DIVERSIFY" had seven letters instead of nine, I would ask Pudge to write a little ditty to the tune of that Aretha Franklin song. I find it astounding that someone of apparently above-average intelligence and education lost 30 years of retirement savings by investing in Madoff . The part that's astounding is not that she invested with Madoff but that she invested her entire 30 years of retirement savings with Madoff, and this after she lost a quarter of her funds to a crooked financial advisor a decade ago. It's also hard to believe that her accountant ...