Friday, December 19, 2008

Win some

I don't see why they don't just give me a Nobel Prize right now and get it over with. Or at least a column with the New York Times:

The Madoff Economy, by Paul Krugman, Commentary, NY Times: The revelation that Bernard Madoff — brilliant investor (or so almost everyone thought), philanthropist, pillar of the community — was a phony has shocked the world, and understandably so. The scale of his alleged $50 billion Ponzi scheme is hard to comprehend.

Yet surely I’m not the only person to ask the obvious question: How different, really, is Mr. Madoff’s tale from the story of the investment industry as a whole?

1 comment:

Al said...

That is mainly because Efrain and I are the only ones reading this. But I'm trying to get my dad interested.