To the Point
Bernard Madoff: Wall Street's One-Man Wrecking Crew
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 63 percent of Americans say the country's in the midst of long-term economic decline.
By Warren Olney • • 1h 0m ListenSophisticated 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
