Heather Hughes: It May Be Prudent To Go Back On Gold Standard
Heather Hughes of Sun America gets gold, one of the few you will find in establishment circles/. But notice the snotty remark at the end by the anchor, who closes by saying, gold might be a hedge against capital gains.
Madoff has insisted all along that J.P. Morgan knew about Ponzi scheme
Bernie Madoff has been insisting for five years that the banks knew and were complicit in his massive Ponzi scheme, that defrauded customers out of billions of dollars and left people devastated.
“With me, they turned a blind eye,” said Madoff in an in-person interview in early May, at a federal prison in Butner, North Carolina.
Madoff spent much of the two hours emphatically insisting the banks on Wall Street were complicit in his Ponzi scheme, but left him alone because he was a major client for them.
“This is not a matter of taking my word for it, they (the authorities) don’t have to take my word for it,” he said.
He specifically pointed fingers at J.P. Morgan Chase & Co. JPM +0.51% as a major culprit.
Madoff has insisted all along that J.P. Morgan knew about Ponzi scheme
ReplyDeleteBernie Madoff has been insisting for five years that the banks knew and were complicit in his massive Ponzi scheme, that defrauded customers out of billions of dollars and left people devastated.
“With me, they turned a blind eye,” said Madoff in an in-person interview in early May, at a federal prison in Butner, North Carolina.
Madoff spent much of the two hours emphatically insisting the banks on Wall Street were complicit in his Ponzi scheme, but left him alone because he was a major client for them.
“This is not a matter of taking my word for it, they (the authorities) don’t have to take my word for it,” he said.
He specifically pointed fingers at J.P. Morgan Chase & Co. JPM +0.51% as a major culprit.
http://blogs.marketwatch.com/thetell/2013/10/25/madoff-has-insisted-all-along-that-j-p-morgan-knew-about-ponzi-scheme/