FROM Jim Hedges
Bernard Madoff: Behind Bars After pleading guilty to 11 felony counts in federal court today, Bernard Madoff did not go home to his Upper East Side apartment, but to jail, until he is sentenced on June 16. In the courtroom, he explained how his scheme worked and what he did with the money. Madoff cheated 4800 people out of billions of dollars. Is it possible he did it alone? How could the SEC have investigated and found nothing wrong? Is it enough to blame him? What's being done to make sure this doesn't happen again?
Bernard Madoff: Behind Bars Bernard Madoff told a federal court he was "ashamed" and "sorry," but that his massive Ponzi scheme was designed to "satisfy" his "clients." The judge accepted Madoff's guilty plea to 11 felony charges , revoked his bail and sent him to jail to await sentencing on June 16. Madoff cheated 4800 people out of billions of dollars. Is it possible he did it alone? How could the SEC have investigated and found nothing wrong? Is it enough to blame Madoff? What's being done to make sure this doesn't happen again?
Bernard Madoff: Wall Street's One-Man Wrecking Crew The victims are banks, hedge funds, wealthy investors and charities worldwide. Los Angeles' Jewish Journal is running a feature called " Swindler's List ." But Bernard Madoff didn't just trick investors who should have known better. The Securities and Exchange Commission admits it was warned back in 1999, when a competitor named Harry Markopolos warned that Madoff was "running the world's largest Ponzi scheme." The most recent investigation was closed just last year with no action recommended, and SEC Chairman Chris Cox is investigating 10 years of regulatory failure. What about the investors? How did his racket come to be worth $50 billion? Could the losses eventually add up to more? And why is this house of financial cards collapsing now?
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?