Sophisticated people and institutions worldwide fell victim to Bernard Madoff’s Wall Street Ponzi scheme, not to mention the Securities and Exchange Commission. How come they all got taken for $50 billion dollars when others so clearly saw fraud? Also, Governor Rod Blagojevich vows to break his silence as impeachment proceedings proceed, and cutbacks, layoffs and stock-market losses are producing high levels of insecurity.
Banner image: Bernard L Madoff walks down Lexington Ave to his apartment December 17, 2008 in New York City. Photo: Don Emmert/AFP/Getty Images