Monday, December 15, 2008

Don't feel bad for every Bernie Madoff investor

Specifically, we're hearing that the smart money KNEW Bernie had to be cheating, because the returns he was generating were impossibly good. Many Wall Streeters suspected the wrong rigged game, though: They thought it was insider trading, not a Ponzi scheme. And here's the best part: That's why they invested with him.
--Henry Blodget, ClusterStock, on some just deserts

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