Archive for December 12th, 2008
Bernard Madoff arrested for running Ponzi scheme
Friday, December 12th, 2008Apparently the irony is completely lost on the professional criminals in the FBI and SEC. According to a Bloomberg article, Bernard Madoff, founder and president of a New York firm that invested funds for wealthy individuals, hedge funds and other institutions, was charged with operating what he told employees was a long-running ...
Jim Rogers calls most large U.S. banks “bankrupt”
Friday, December 12th, 2008Jim Rogers spoke at the Reuters Investment Outlook 2009 Summit: Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt. [...] What is outrageous economically and is outrageous morally is that normally in times like this, people who are competent and who saw it coming ...