Bernie Madoff... (1 Viewer)

[Michael Reuben]

He didn't have much choice after Stewart hit him with those interview tapes in which he talked about how, as a hedge fund manager, he used to sucker the market. After that, Cramer could hardly keep sitting there protesting that he was taken in by the financial industry, like he was some innocent.

 

[Edwin-S]

Bernie Madoff Scandal simplified.

 

[Brian Perry]

Here is an interesting take on the Wall Street job losses:

Bonuses Make the Busted Go Boom - Companies * US * News * Story - CNBC.com

The best quote: "there has been a misallocation of talent into finance and the industry just can't support that many jobs without leverage"